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Cenovus Energy

Senior Specialist, Operations Cost Control

Calgary, AB, Canada

Full-time

Apply About employer

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Job details

Job type: Full-time
Experience: Minimum 16 years of progressive experience in financial planning, cost control, operations, business analysis, or a related discipline.
Posting language: English
Posted: Oct 8, 2026

Original job description

Worker Type: EmployeeJob Post End Date: 10/15/2026

About this opportunity:

The Senior Specialist, Operations Cost Control serves as a strategic advisor and subject matter expert for Conventional Operating Costs, providing enterprise-level leadership in financial planning, forecasting, performance analytics, and operational cost optimization. The role is accountable for developing long-term cost strategies, translating complex financial and operational data into actionable insights, and influencing business decisions that drive sustainable value creation. Working closely with senior leaders across Conventional Operations and corporate functions, this position champions continuous improvement, cost governance, benchmarking, and best practices to enhance organizational effectiveness, strengthen cost competitiveness, and optimize business performance.

What you’ll do:

Strategic Business Planning & Long-Range Forecasting

Lead the development and integration of annual budgets, Long-Range Plans (LRP), and multi-year operating cost strategies across Conventional Operations.
Establish cost drivers, performance indicators, forecasting methodologies, and planning assumptions that support business objectives and strategic decision-making.
Provide enterprise-level trend analysis, scenario planning, and risk assessment to inform leadership decisions and resource allocation.
Translate complex operational and financial data into executive-level insights, recommendations, and actionable business strategies.
Influence resource allocation and investment decisions through robust economic, operational, and financial analysis.

Operational Performance & Forecast Leadership

Provide oversight and governance of monthly operating expenditure forecasting across Conventional business units, ensuring accuracy, consistency, and alignment with business priorities.
Lead financial and operational performance reviews, providing clear outlooks, insights, and recommendations to senior and executive leadership.
Identify emerging risks, opportunities, and performance trends through predictive analytics, forecasting, and performance monitoring.
Drive accountability for forecast accuracy and continuously improve planning processes, reporting standards, and performance management practices.

Enterprise Review & Governance

Lead and govern the annual Long-Term Asset (LTA) review process, ensuring alignment with corporate objectives, asset strategies, and operational priorities.
Facilitate cross-functional collaboration among Operations, Finance, Supply Chain, and senior leadership to develop integrated strategic business plans.
Establish and maintain consistent, transparent, and rigorous cost management frameworks, assumptions, governance practices, and decision-making processes.

Operational Excellence & Decision Support

Lead the development and enhancement of analytical tools, reporting frameworks, and performance management systems that improve organizational effectiveness and decision quality.
Establish best practices and governance standards for operating expenditure reviews, cost management, and business performance assessments.
Drive modernization, automation, and continuous improvement initiatives that enhance data quality, forecasting capabilities, reporting efficiency, and leadership visibility.

Strategic Value Creation & Continuous Improvement

Lead enterprise-wide benchmarking and performance analysis to identify cost competitiveness opportunities, best practices, and areas for operational improvement.
Identify, evaluate, and champion strategic cost optimization opportunities that deliver sustainable business value.
Partner across Cenovus business units to implement transformational improvements, standardize processes, and leverage enterprise-wide best practices.
Provide constructive challenge and strategic leadership during operational performance reviews, ensuring root causes, risks, and opportunities are understood and addressed.
Influence organizational priorities by translating operational and financial insights into strategic recommendations that improve business performance and shareholder value.
Mentor and guide business partners on cost management, performance analytics, forecasting, and continuous improvement methodologies.

Who you are:

Our ideal candidate will have the following minimum requirements:

Legally authorized to work in Canada.
Minimum 16 years of progressive experience in financial planning, cost control, operations, business analysis, or a related discipline.
Post-secondary education in Finance, Business, Engineering, or a related discipline.
Demonstrated experience in operating cost management, budgeting, forecasting, performance analytics, and strategic business planning.
Strong experience partnering with senior leadership and cross-functional teams to influence business decisions and drive value creation.
Advanced analytical, financial modelling, problem-solving, and communication skills.

We acknowledge the value of transferrable skills and may consider equivalent combinations of experience and education should you not meet a specific requirement.

Note: The application deadline for this position is 11:59 PM MT October 14, 2026.

If you require accessibility assistance to complete the on-line application or otherwise apply for an open position with Cenovus, its subsidiaries and affiliates, please email careeropportunities@cenovus.com.

Who we are:

Ranked as one of Canada’s Best Employers in 2025, Cenovus is an integrated energy company headquartered in Calgary. We’re committed to maximizing value by developing our assets in a safe, responsible and cost-efficient manner. We operate in Canada, the United States and the Asia Pacific region. Our operations include oil sands projects in northern Alberta, thermal and conventional crude oil and natural gas projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and liquids production offshore China and Indonesia. Cenovus’s downstream operations include upgrading, refining and marketing operations in Canada and the United States.

Find Cenovus on LinkedIn, Facebook and Instagram.

The Cenovus experience

Total rewards

We’re committed to being an employer of choice through competitive compensation and our comprehensive total rewards package, including:

Paid vacation (including a flex day program for eligible staff)
Health & dental benefits
Substantial mental health coverage
Life insurance
Disability benefits
Employee family assistance
Virtual healthcare coverage

Our development philosophy

We foster a culture of continuous learning and development to support employees as they build meaningful careers. We offer a variety of employee development initiatives, including:

Internal course offerings
Education assistance for additional development
Opportunities to work on special projects
Leadership development programs for emerging and established leaders

We actively promote internal job movement, recognizing the value of gaining new perspectives, building connections across teams, and applying expertise in new ways. As a fully integrated energy company, we believe that sharing knowledge across our business and operations creates stronger outcomes - for employees and for the company as a whole.

Our culture

Our purpose: We energize the world to make people’s lives better.
Our values:
- Protect what matters
- Do it right
- Make it better
- Do it together

Cenovus Cares: We believe in the power of purpose-driven work. Our Employee Giving and Volunteering Program, Cenovus Cares, connects our people to our purpose, inspiring action and elevating impact year-round.
- Support causes you care about with volunteer opportunities in and outside of work.
- Earn donation grants while volunteering (up to $1,000 per event).
- Receive donation matching up to $10,000 annually.

Staff resource groups: We have various staff resource groups to help ensure our people feel a sense of belonging and can grow and do their best work. These voluntary groups are employee-led and all groups are open to all staff in all locations.

Equal opportunity employer

We believe a workplace where everyone has merit-based opportunities to grow, achieve career aspirations and feel a sense of belonging benefits our people, our company and the regions where we live and work. We embrace and encourage different perspectives and approaches, which help us make better business decisions. We believe that through this approach, we can solve challenges, seize opportunities and unlock innovative solutions.

To achieve an unbiased and respectful workplace, individuals are evaluated based on qualifications, merit and abilities, and we encourage applications from all qualified candidates. We also acknowledge the value of transferrable skills and may consider equivalent combinations of experience and education should you not meet a specific requirement.

For more information about working at Cenovus, visit cenovus.com.

The requirements of this posting may be modified to support business needs. Title and compensation administration will be based on the skills and capabilities of the successful incumbent.

Interested in this opportunity? Click the Apply link.

If you are a CURRENT EMPLOYEE, please apply by going to our Internal Career Site.

Apply About employer

More about this job

Responsibilities

The Senior Specialist leads enterprise-level financial planning, forecasting, and operational cost optimization strategies for Conventional Operations. They provide strategic oversight, governance, and performance analytics to influence business decisions and drive sustainable value creation.

Requirements

Candidates must have a minimum of 16 years of progressive experience in financial planning, cost control, or operations. A post-secondary education in Finance, Business, Engineering, or a related discipline is required.

Skills

Financial planning
Cost control
Operations management
Business analysis
Forecasting
Performance analytics
Strategic planning
Budgeting
Risk assessment
Data analysis
Financial modeling
Governance
Benchmarking
Continuous improvement
Leadership
Communication

Benefits

Paid vacation
Flex day program
Health benefits
Dental benefits
Mental health coverage
Life insurance
Disability benefits
Employee family assistance
Virtual healthcare coverage
Education assistance
Donation matching

Visa sponsorship

Not detected in the job text

Keywords

Financial Planning
Cost Control
Operations
Forecasting
Performance Analytics
Strategic Business Planning
Budgeting
Governance
Risk Assessment
Data Analysis
Financial Modeling
Benchmarking
Continuous Improvement
Energy Industry
Oil Sands
Crude Oil
Natural Gas
Upgrading
Refining
Asset Management
Supply Chain
Automation
Reporting
Strategic Leadership
Economic Analysis

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