FINAL Operations and Production Accounting Professional spotlight
www.careersinoilandgas.com
OPERATIONS AND PRODUCTION ACCOUNTING PROFESSIONAL #OperationsAccountant #ProductionAccountant #BusinessAnalyst #FinancialAnalyst You are a “numbers person.” Your philosophy? If knowledge is power, then the numbers are the power source. You’re the accountant and keeper of the data that companies require to make good decisions about planning or operating a facility or project. You skillfully verify and report on the quantities, costs and revenues from oil and gas activities involved in exploring, drilling and operating wells.
HOW DO I GET HERE? A post-secondary diploma or degree in a relevant field - ideally in business, accounting, economics or petroleum technology - is typically required. An Energy Asset Management (EAM) two-year diploma is available from the Southern Alberta Institute of Technology (SAIT), in partnership with the Centre for Energy Asset Management Studies (CEAMS).
What does this career look like? With wells pumping and oil and gas flowing through pipelines, you know whether a well or a facility is performing adequately. As a Production Accountant, you observe, calculate, verify and report volumes, rates and royalties. You hold the numbers to answer the question: “What did we make this month?” As an Operations Accountant, you hold the answer of why and how. You get the data from all of the relevant sources and with it you do financial accounting, analysis, budgeting and projections.
Certification • Chartered Professional Accountant (CPA) designation (legacy CA, CMA or CGA) • Canadian Association of Petroleum Production Accounting (CAPPA) designation
You’re a big picture problem solver. You often work directly with those in charge, including those in the field, controllers or the chief financial officer (CFO).
HEALTH & SAFETY TRAINING
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• Specific health and safety certifications will be determined by job requirements.
What would I do? You capture numbers from a world of projects and if they don’t look right, you hunt down potential causes, such as costs, rate fluctuations or human error. Then you report it. You’re the hub through which numbers flow and decisions can be made. With knowing the numbers comes a solid grasp of the value of the business. Depending on your experience level, this could include:
4 Monitoring production costs, overhead rates and penalty payout interests
4 Interpreting complex accounting issues and unique transactions
4 Processing royalty payments
4 Calculating production volumes and rates, gas/oil ratios and associated royalties
+5YRS 4
Providing technical accounting support for federal and provincial tax submissions
+5YRS 4
Stewarding and reviewing Securities Commission filings
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+5YRS
Senior Level Activity
www.careersinoilandgas.com
What competencies do I need?
PATHWAYS
You like the facts. You’re energetic and collaborative, and you pay attention to the small details. You master the numbers with the help of these skills and knowledge:
1
2
3
4
5
6
ENTRY LEVEL 4 Clerical 4 Economics and accounting 4 Critical thinking 4 Attention to detail 4 Collaborative
0-5YRs
7
8
9
10
IS THIS YOU?
SENIOR LEVEL 4 Administration and management 4 Managing financial resources 4 Judgment and decision making 4 Innovative 4 Leading and living the company vision and values
5-10YRS+
4 Lorem ipsum dolor What can I expect?
4 Lorem ipsum dolor 4 Lorem ipsum dolor 4 Lorem ipsum dolor 4 Lorem ipsum dolor 4 Lorem ipsum dolor Typically employed in the exploration and production (E&P), oil sands and pipeline 4 Lorem ipsum dolor 4 Lorem ipsum dolor sectors of the oil and gas industry, the office is where you spend your time. Business hours are standard, except occasionally during periods with tight deadlines. Because of your hours sitting at a work station, ergonomics are important.
Like · Share ·
How can I learn more? To find out more about the roles of Operations and Production Accounting Professionals and other related careers in the oil and gas industry, visit the Careers in Oil + Gas online tool at careersinoilandgas.com.
Like · Share ·
You could move into roles such as: • • • • • • •
Accounting Analyst Junior Accountant Senior Accountant Team Lead/Supervisor Manager Controller CFO
You could transfer your skills to sectors such as: • • • • • •
Forestry and logging Mining and quarrying Utilities Wood product manufacturing Paper manufacturing Petroleum and coal product manufacturing • Chemical manufacturing • Primary metal manufacturing • Finance • Professional, scientific and technical services • Public administration
Careers in Oil + Gas @careersinoandg
#OperationsAccounting #ProductionAccounting pros calculate and report on the quantities, costs and revenues from oil and gas activities.
Funded in part by the Government of Alberta and Government of Canada’s Sectoral Initiatives Program.
OPERATIONS AND PRODUCTION ACCOUNTING PROFESSIONAL #OperationsAccountant #ProductionAccountant #BusinessAnalyst #FinancialAnalyst You are a “numbers person.” Your philosophy? If knowledge is power, then the numbers are the power source. You’re the accountant and keeper of the data that companies require to make good decisions about planning or operating a facility or project. You skillfully verify and report on the quantities, costs and revenues from oil and gas activities involved in exploring, drilling and operating wells.
HOW DO I GET HERE? A post-secondary diploma or degree in a relevant field - ideally in business, accounting, economics or petroleum technology - is typically required. An Energy Asset Management (EAM) two-year diploma is available from the Southern Alberta Institute of Technology (SAIT), in partnership with the Centre for Energy Asset Management Studies (CEAMS).
What does this career look like? With wells pumping and oil and gas flowing through pipelines, you know whether a well or a facility is performing adequately. As a Production Accountant, you observe, calculate, verify and report volumes, rates and royalties. You hold the numbers to answer the question: “What did we make this month?” As an Operations Accountant, you hold the answer of why and how. You get the data from all of the relevant sources and with it you do financial accounting, analysis, budgeting and projections.
Certification • Chartered Professional Accountant (CPA) designation (legacy CA, CMA or CGA) • Canadian Association of Petroleum Production Accounting (CAPPA) designation
You’re a big picture problem solver. You often work directly with those in charge, including those in the field, controllers or the chief financial officer (CFO).
HEALTH & SAFETY TRAINING
Like · Share ·
• Specific health and safety certifications will be determined by job requirements.
What would I do? You capture numbers from a world of projects and if they don’t look right, you hunt down potential causes, such as costs, rate fluctuations or human error. Then you report it. You’re the hub through which numbers flow and decisions can be made. With knowing the numbers comes a solid grasp of the value of the business. Depending on your experience level, this could include:
4 Monitoring production costs, overhead rates and penalty payout interests
4 Interpreting complex accounting issues and unique transactions
4 Processing royalty payments
4 Calculating production volumes and rates, gas/oil ratios and associated royalties
+5YRS 4
Providing technical accounting support for federal and provincial tax submissions
+5YRS 4
Stewarding and reviewing Securities Commission filings
Like · Share ·
+5YRS
Senior Level Activity
www.careersinoilandgas.com
What competencies do I need?
PATHWAYS
You like the facts. You’re energetic and collaborative, and you pay attention to the small details. You master the numbers with the help of these skills and knowledge:
1
2
3
4
5
6
ENTRY LEVEL 4 Clerical 4 Economics and accounting 4 Critical thinking 4 Attention to detail 4 Collaborative
0-5YRs
7
8
9
10
IS THIS YOU?
SENIOR LEVEL 4 Administration and management 4 Managing financial resources 4 Judgment and decision making 4 Innovative 4 Leading and living the company vision and values
5-10YRS+
4 Lorem ipsum dolor What can I expect?
4 Lorem ipsum dolor 4 Lorem ipsum dolor 4 Lorem ipsum dolor 4 Lorem ipsum dolor 4 Lorem ipsum dolor Typically employed in the exploration and production (E&P), oil sands and pipeline 4 Lorem ipsum dolor 4 Lorem ipsum dolor sectors of the oil and gas industry, the office is where you spend your time. Business hours are standard, except occasionally during periods with tight deadlines. Because of your hours sitting at a work station, ergonomics are important.
Like · Share ·
How can I learn more? To find out more about the roles of Operations and Production Accounting Professionals and other related careers in the oil and gas industry, visit the Careers in Oil + Gas online tool at careersinoilandgas.com.
Like · Share ·
You could move into roles such as: • • • • • • •
Accounting Analyst Junior Accountant Senior Accountant Team Lead/Supervisor Manager Controller CFO
You could transfer your skills to sectors such as: • • • • • •
Forestry and logging Mining and quarrying Utilities Wood product manufacturing Paper manufacturing Petroleum and coal product manufacturing • Chemical manufacturing • Primary metal manufacturing • Finance • Professional, scientific and technical services • Public administration
Careers in Oil + Gas @careersinoandg
#OperationsAccounting #ProductionAccounting pros calculate and report on the quantities, costs and revenues from oil and gas activities.
Funded in part by the Government of Alberta and Government of Canada’s Sectoral Initiatives Program.
