About CHHC
Canada Hibernia Holding Corporation (CHHC) is a federal Crown corporation and is a wholly owned subsidiary of Canada Development Investment Corporation (CDEV), a federal parent Crown corporation. CHHC’s mandate is to manage the Government of Canada’s non-operated ownership interests in the Hibernia Project, which is an oil development and production platform located 315 kilometers offshore Newfoundland and Labrador. CHHC has minority working interests but plays an active role in the Hibernia Project. CHHC’s responsibilities are to maximize shareholder value through the exploration, development, production and marketing of crude oil from the Hibernia Project. CHHC is a small company of 7 employees with its office located in Calgary.
About Hibernia
The Hibernia Project is a joint venture with six owners in the main Hibernia Development Project area and seven owners in the Hibernia Southern Extension Unit project area. Hibernia is operated by Hibernia Management and Development Company Ltd. (HMDC) which is based in St. John’s, NL and staffed by ExxonMobil personnel (ExxonMobil is the largest owner in Hibernia). Hibernia (www.hibernia.ca) is a world class offshore oilfield that produces approximately 90,000 barrels of oil per day (CHHC working interest 7,000 bopd) with more than 20 years of expected life remaining.
Position Overview
CHHC is hiring a full-time Business Analyst to join its small team of professionals in Calgary. The position is ideal for someone with 1-5 years of related experience with a business degree and who is detail oriented, flexible, willing to learn, advance their career, and work with senior management.
The position provides a learning opportunity by exposure to the crude oil marketing and transportation, strategic, financial, technical and commercial aspects of the company’s offshore oil asset. Responsibilities include managing crude oil tanker transportation and sales administration; forecasting production, cargo lifts, and sales volumes; coordinating I.T. services; conducting economic evaluations; and overseeing contract management activities. Additionally, the role is responsible for maintaining financial and operational models that inform strategy and decision making.
The Business Analyst will report to the Director, Marketing & Transportation, but will also work with and provide support to the VP Operations and President & CFO. The position is based in CHHC’s office in downtown Calgary, currently with a hybrid work environment.
Responsibilities
· Maintain the various scheduling programs (Excel) for production, sales volume forecasting and monitoring accuracy and sequencing of production entitlements and lifting schedules.
· Maintain complete and accurate records of crude shipments and sales for each transaction, ensuring easy access for audit purposes. Coordinate with third party service providers for documentation as needed.
· Monitor sales volumes and payment forecasts for cash flow projections; verify sales contract receipts and inventory of crude oil, both offshore and onshore.
· Verify crude tanker invoices and annual long-term forecasts of crude tanker costs.
· Maintain Platts crude oil pricing records.
· Perform market performance analysis on crude pricing as requested by management from time to time. Conduct research and analysis of oil market data and trends.
· Participate in the offshore basin’s transportation and transshipment group meetings.
· Develop and maintain relationships with various third parties who support the marketing, transportation, and transshipment functions.
· Maintain the company’s economic model (Excel) and provide results as requested for corporate planning and evaluations; maintain multiple planning economic scenarios.
· Analysis and contribution to the annual corporate planning and budgeting process.
· Monitor daily/monthly offshore production vs. plan. Forecast production as requested using various inputs.
· Modernize, adapt, and maintain key financial and operational models.
· Contribute to monthly Board of Directors report and related corporate reporting activities.
· Communicate with the external IT services provider (SP) on a regular basis and be the principal liaison (IT Coordinator).
· Review and recommend approval of monthly SP invoices against services contracts.
· Order new IT equipment when required and track hardware, software, and license renewals.
· Work with management and SP on IT vulnerability issues, solutions, compliance and improvements, and assist in policy updates and audit requirements.
· Assist staff with IT issues when SP is not in the office or unavailable.
· Provide back-up support to the accounts payable function including setting up bank payments.
· Special projects, upon request.
Required Skills and Qualifications
· Degree or diploma in business, finance, economics, data science or similar field. Relevant professional experience may be considered in lieu of formal education.
· 1-5 years of relevant business experience in data analysis, including building models, dashboards, and actionable insights using Excel, Power BI, or similar tools.
· Proficiency in MS Excel and Word; proficiency with Power BI or other digital enablement skills are also an asset.
· Experience in the offshore oil industry or the oil industry generally is an asset.
· Strong analytical skills with demonstrated ability to build and maintain financial and operational models.
· Ability to work independently, managing competing priorities with minimal oversight.
· Be curious, willing to learn, and take on a variety of tasks.
· Demonstrate a high standard of accuracy, diligence, sound judgment, ethical conduct, collaboration, and a strong work ethic.
· Support process automation and system enhancement initiatives to improve reporting efficiency and accuracy.
Recruitment Process
CHHC is committed to fostering a diverse, equitable, and inclusive workplace. We welcome applicants of all backgrounds eligible to work in Canada. We will work with you if you require accessibility accommodation at any point during the recruitment process, provided you let us know of your needs in advance. Note that only qualified candidates selected for an interview will be contacted.
