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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.

Permian Overview

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.

Description

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

Qualifications:

Basic/Required:

  • 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

Preferred:

  • 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.

#LIMR

Job Function: Accounting, Finance, Auditing, and Tax

Job Level: Individual Contributor/Staff Level

Line of Business: PERMIAN FINANCE

Title: AFE Analyst – Permian

Veteran Spotlight

Becky Peavler

L48 FIELD SAFETY & OCCUPATIONAL HEALTH MANAGER, ConocoPhillips

“One of the things I liked most about the Army was the camaraderie and ‘unit first’ aspect of Solider life. When I left the military, I had the opportunity to be a consultant and work with a variety of clients in the oil and gas industry. What drew me to ConocoPhillips was the culture of how they treated people. Even as a consult I knew the support I was providing was valued and I felt like part of the team. As an employee, I have traveled to most of our global office locations and experienced the same positive teamwork culture everywhere I have visited. Now as a leader in the company, I am empowered to reinforce our People and Teamwork pillars of our SPIRIT values.”

Click Here to learn more about Becky

Mike Timmcke

BAYU-UNDAN OPERATIONS MANAGER, ConocoPhillips

“ConocoPhillips is a great place to work for Veterans and current Reservists. I have always been impressed with how the company lives up to it’s SPIRIT values which are well aligned with core Military Service values of Honor, Courage and Commitment. The skills and experiences I gained in the U.S. Navy has opened up many new and challenging leadership opportunities with the company and helped to advance my career at ConocoPhillips. The company has supported my involvement with establishment of the first Veterans of Foreign Wars (VFW) Post in Australia through the Employee Volunteer Grant Program and direct sponsorship of VFW events. I firmly believe that ConocoPhillips values the experience and service of military veterans and rewards hard work and commitment with outstanding career development opportunities. I highly recommend ConocoPhillips as an employer of choice for any veteran.”

Click Here to learn more about Mike

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