Canada is the third largest natural gas producer, the seventh
largest crude oil producer and the fifth largest energy producer in
the world! If numbers are your thing, the petroleum industry has
plenty to offer. From the number of producing wells to volumes of
oil and gas travelling through pipelines, Operations Accounting and
Regulatory Reporting Professionals analyze and report on it
all.
Imagine working in a fast-paced business environment where you
gather and analyse production and pipeline delivery data, calculate
royalties and revenues, and determine the costs of doing business.
You'll ensure this information meets exacting quality standards,
contractual obligations and regulatory requirements.
If you have an eye for detail, thrive on deadlines, enjoy
solving puzzles and are at home on a computer, this may be the
perfect career for you!
What does an Operations Accounting and Regulatory Reporting
Professional do?
Operations Accounting and Regulatory Reporting
Professionals jobs may vary from company to company. Some
focus on a facility or a property, while others specialize in one
aspect of the work, e.g. royalties. Typical jobs include:
- Operations
Accountants: Ensure components of the income statement and
balance sheet are properly reported. They monitor the bottom line
which includes production costs, overhead rates, and penalty/payout
interests. They also ensure that contracts are accurately
represented in the financial results.
- Production
Accountants: Calculate production volumes and rates,
gas/oil ratios, and associated royalties. They analyze invoices,
process royalty payments and report information as per regulatory
guidelines.
How do I become an Operations Accounting and Regulatory
Reporting Professional?
A degree or post secondary diploma in a relevant field is ideal.
Depending on the job, this could mean business, accounting, land
administration, property accounting, joint venture accounting or
petroleum technology.
Tailored education programs are available. For instance, the
Southern Alberta Institute of Technology (SAIT) in partnership with
The Centre for Energy Asset Management Studies (CEAMS) offers an
Energy Asset Management diploma. The Canadian Association of
Petroleum Production Accounting (CAPPA) offers a certificate
program which provides a foundation in petroleum production
accounting.
Other options to consider include certificates in Petroleum Land
Contract & Administration and Petroleum Joint Venture,
available through post-secondary educational institutions.
What are the working conditions like?
These jobs are mostly located in company's head offices, but
some positions are at the plant or facility sites. Regular business
hours are the norm.
Do I fit the bill?
Do you think you have what it takes to become an
Operations Accounting and Regulatory Reporting
Professional?
- I enjoy figuring out equations, doing
complex calculations and balancing figures.
- I thrive on meeting regular deadlines
and am a multi-tasker.
- I'm very comfortable following
specific processes and guidelines.
- I can process large volumes of work
to exacting quality standards.
- I can work in fast-paced environments
and manage changing priorities.
- I understand how different pieces fit
together and howthings flow.
- Accuracy and attention to detail is
my forte.
- I enjoy tracking down information
from a variety of sources, so records are accurate and
complete.
- I can use a variety of software to
create spreadsheets and document reports.
- I have excellent interpersonal and
oral/written communication skills.
- I believe I have what it takes to be
an excellent Operations Accounting & Regulatory Reporting
Professional!
Quick tips and next steps!
- Review various job resources and
other information on the Petroleum Registry website at www.petroleumregistry.gov.ab.ca.
- Browse through the websites of
regulatory agencies and check out the regulations and
bulletins.
- Read information on The Centre for
Energy Asset Management Studies (CEAMS)website at: www.ceams.org.
- Consider the Oil and Gas
Primer course that the Canadian Association of Petroleum
Production Accounting (CAPPA) offers through its E-School: www.cappa.org.
- Browse the Resource Centre on the
Petroleum Accountants Society of Canada (PASC)website: www.petroleumaccountants.com.
- Check with employment centres,
educational institutions, newspapers, petroleum-related magazines
and the internet for information on industry career
fairs.
Want more info?
For information on other industry occupations check out
www.careersinoilandgas.com.