Manager, Financial Reporting And Asset Accounting

PetroChina Canada (PCC) is a wholly owned subsidiary of PetroChina Company Limited which is partially owned by China National Petroleum Corporation (CNPC), a state-owned enterprise. CNPC is China's largest oil company and the world's third largest oil company, operating 91 energy-related projects in over 35 countries and regions. PCC has invested billions of dollars in an asset-rich portfolio of upstream, midstream and downstream operations. In Alberta, this includes our MacKay River and Dover oilsands projects, Duvernay Shale Gas and a 50% interest in the Grand Rapids Pipeline. In British Columbia, we hold joint venture interests in the Groundbirch tight gas project and LNG Canada.

Why join our team?

• Competitive base salary and variable pay that rewards individual, team, and company performance.
• Comprehensive benefits and retirement savings programs that holistically support employee well-being.
• Support and empowerment to promote work/life balance.
• Multicultural workplace which actively supports Diversity, Equity and Inclusion

PetroChina Canada is recruiting for a Manager of Financial Reporting (internal title Lead, Financial Reporting and Asset Accounting) to join the Finance & Accounting Team in Calgary.

Reporting to the Controller, the Manager of Financial Reporting (Lead, Financial Reporting & Assets Accounting) is a key position within the Finance team. This role requires a solid understanding of IFRS, fixed assets management and financial reporting in a complex corporate environment. As well, the successful candidate will require strong technical accounting experience, analytical and decision-making capabilities, and leadership skills. Manager of Financial Reporting (Lead, Financial Reporting & Assets Accounting) manages the Financial Reporting and Assets Accounting team to support the delivery of the team’s responsibilities.

Responsibilities

• Provide technical guidance to the organization on IFRS, SAP and HQ Reporting issues.
• Lead the development and maintenance of written accounting policy under IFRS.
• Lead the Financial Reporting and Assets Accounting team.
• Co-ordinate the execution and completion of the annual external Financial Statement Audit under IFRS.
• Manage the preparation of the monthly Financial Statement package for locally consolidated entities.
• Lead and co-ordinate the preparation of budget submissions.
• Manage the team to successful fulfilment of information requests received by Finance from Company’s parent company located overseas.
• Manage, plan and organize the team to deliver various projects required by the business units and executive teams on an as needed basis.
• Manage the team to track the compilation of project costs into fixed asset accounts to an appropriate asset structure.
• Lead the team to do the calculation and recording of depreciation, depletion and amortization for all operating and non-operating fixed assets.
• Organize and manage the forecasting and budget preparation for depreciation, depletion and amortization, Leases, Decommissioning Obligation and the related accretion.
• Oversee and review the calculation of Decommissioning Obligation for fixed assets as applicable.
• Manage the company’s assessment of impairment of fixed assets and subsequent potential reversals of impairment.
• Assist in the coordination of periodical and annual fixed assets and inventory physical counts.
• Review and post journal entries parked by team members related to Financial Reporting and Asset Accounting.
• Manage the Account Reconciliation process within Financing and review and approve monthly account reconciliations related to the Financial Reporting and Assets Accounting team.

Qualifications

• Undergraduate degree in business, commerce accounting or other relevant discipline from an accredited educational institution
• CPA designation
• 5+ years’ post designation previous audit firm experience
• In-depth experience in upstream and midstream Oil & Gas technical accounting under IFRS is required,
• Experience auditing Oil & Gas clients will be considered an asset
• Prior experience with large financial systems (preferably SAP) will be considered an asset
• Strong technical, analytical and problem-solving skills
• Demonstrated leadership and project management experience
• Ability to work within tight deadlines and prioritization of work to achieve them
• Ability to work collaboratively in a multi-disciplinary team environment with a positive attitude
• Superior written and verbal communication skills
• Adoption and demonstration of PetroChina Canada HUPA Values (Honorable, Unified, Passionate, and Accountable)