ConocoPhillips AFE Analyst – Permian in MIDLAND, Texas
Title: AFE Analyst – Permian
Location: NORTH AMERICA-USA-TEXAS-MIDLAND
Job Number: 00UH2
Who We Are
We are one of the world’s largest independent exploration and production companies, based on proved reserves and production of liquids and natural gas. With operations and activities in 15 countries, we explore for, develop, and produce crude oil and natural gas globally. We are challenged with an important job to safely find and deliver energy to the world. Our employees are critical to our success, and with them we power civilization.
We’re grounded by our SPIRIT Values – safety, people, integrity, responsibility, innovation, and teamwork. These values position us to deliver strong performance in a dynamic business – but not at all costs. We believe it’s not just what we do – it’s how we do it – that sets us apart.
We strive to make a significant difference in the communities where we live and operate. We create an inclusive environment that values all voices and opinions. Together, the different backgrounds, experiences, ideas, and perspectives of our employees drive our success.
ConocoPhillips and its heritage companies have operated in the Permian Basin for almost 100 years. Across New Mexico and Texas, the company holds conventional positions in the Northwest Shelf and Central Basin Platform, and an unconventional position in the Delaware Basin. At year-end 2020, the company held about 750 thousand net acres across the basin, with net production of 85 thousand barrels of oil equivalent per day. ConocoPhillips is committed to being an innovative and environmentally responsible operator, and the new technologies and practices that it is using in this area exemplify that.
In January 2021, ConocoPhillips completed the acquisition of Concho Resources Inc., greatly expanding the company’s position in the Permian Basin. The addition of 550,000 net acres complements the company’s position in the Delaware and Midland Basins and created a sizeable Permian presence.
The Permian AFE Analyst provides monthly financial performance analysis and reporting related to the Approval For Expenditure (AFE) process as well as ad hoc Capital Cost review and oversight in support of the Permian.
Your responsibilities may include:
Responsible for research, analysis, recommendation, communication, and financial results of joint venture audit requests, settlement of suspended costs to AFEs, interpretation of disputed cost type, timely AFE closure, and impacts to metrics
Provide routine and ad-hoc financial reporting to facilitate understanding of results in achieving the teams’ goals and strategies
Develop and implement policies and procedures as necessary, with an emphasis on internal controls
Ensure all monthly, quarterly, and annual corporate reporting requirements are fulfilled
Liaise with JV partners, auditors, and stakeholders regarding financial activities of the entities as necessary
Own Permian AFE approval process ensuring accurate, complete, and timely approvals for expenditures in accordance with Corporate policies
Proactively collaborate with Financial Services - Joint Venture, AFE, Fixed Assets, Supply Chain - Invoice Processing, Drilling, Completions, Facilities, and Projects Engineering, and others to ensure proper understanding, coding, approvals, and recording
Validate and/or recommend expenditure classification through understanding and interpretation of accounting policies
Responsible for timely in-servicing of completed capital projects promoting accurate financials
Deliver timely approvals for over-expended projects in support of Internal Control Standards by working with key business unit partners
Participate in Robotic Process Automation implementation in area of work
Provide analysis and AFE system support to Permian Region
Participate in the preparation of the long-range plan, operating budget, the latest estimates as needed
Address special projects/assignments using others in and outside the group to complete as necessary
Must be legally authorized to work in the United States as a U.S. citizen or national, or an alien admitted as a permanent resident, refugee or asylee
Must have received or be willing to receive the COVID-19 vaccination, by date of hire to be considered. Proof of vaccination, or ConocoPhillips approved accommodation, required
Bachelor's degree or higher in Accounting, Finance, other related field, or foreign equivalent
1 years of experience using data analytics to support decision making
1 years of experience with data analytics tools such as Spotfire, Power BI, or related
5 years of experience with financial process improvement
3 years of experience using data analytics to support decision making
3 years of experience with data analytics tools such as Spotfire, Power BI, or related
Efficient verbal and written communications skills
Efficient presentation and summarization skills
Able to prioritize/perform multiple tasks; able to adjust to unexpected and changing conditions and still meet deadlines
Takes ownership of actions and follows through on commitments by holding others accountable and standing up for what's right
Builds effective solutions based on available information and makes timely decisions that are safe and ethical
Listens actively and invites new ideas for exchanged opinions, then influences and acts to drive positive performance and achieve results
To be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of January 26, 2022 .
Candidates for this U.S. position must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee or asylee. Individuals with temporary visas such as A, B, C, D, E, F, G, H, I, J, L, M, NATO, O, P, Q, R or TN or who need sponsorship for work authorization in the United States now or in the future, are not eligible for hire.
ConocoPhillips is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, veteran status, gender identity, or expression, genetic information, or any other legally protected status.
Job Function: Accounting, Finance, Auditing, and Tax
Job Level: Individual Contributor/Staff Level
Line of Business: PERMIAN FINANCE
Title: AFE Analyst – Permian