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Financial Analyst

Company: Cimarex
Location: Midland
Posted on: May 3, 2021

Job Description:

Financial Analyst - PBU


The Financial Analyst supports the Permian Management team through budgeting, completing variance analyses, and developing forecasting models using relevant financial, economic, and operational data. The incumbent serves a critical role in the Permian region's strategic planning and business development process through not only evaluating company financial results but also conducting external peer analysis and establishing benchmarks. The analyst both monitors and conducts in-depth reviews on capital and operating expenditures related to drilling, completions, infrastructure, EMS workovers, and Lease Operating Expenses. These data are used to generate forecasts and various financial reports which are then presented to senior management to inform the strategic goals of the region and support the financial health of the organization.


The following represents the majority of the duties performed by the position, but is not meant to be all-inclusive nor prevent other duties from being assigned when necessary. Employees are expected to comply with all regulatory, environmental and safety rules and standards, as well as corporate policies.

  • Participate in strategic planning and development process for Permian region
  • Conduct external peer analyses and benchmark company financial performance based on internally developed KPIs
  • Present analyses and results to senior management and the executive team
  • Track capital expenditures by well for Permian drilling and completions, infrastructure, and EMS workovers
  • Monitor netback tracking and verification (SWD to PCOM, Capital Recovery, etc.)
  • Conduct in-depth Lease Operating Expense (LOE) reviews
  • Prepare reports for Permian management detailing both actual and expected capital expenditures
  • Provide periodic reviews of team cost benchmarks and goals
  • Manage data process for capital estimates in AFE Manager
  • Monitor Authorization For Expenditure (AFE)/ICE/EFC cost estimates
  • Maintain type-curve AFEs for accuracy
  • Develop and implement strategies to improve Permian cash margins
  • Support Permian management team in budgeting, quarterly reviews, and variance analysis
  • Provide business support for Permian teams focused on financial and economic data
  • Other tasks as assigned


  • Experience with and knowledge of Aries, Enertia, Spotfire, Microsoft Office Suite software packages preferred
  • Excellent interpersonal, verbal, and written communications skills
  • Strong analytical, problem-solving, and presentation skills
  • Must be detail-oriented and able to multi-task with attention to accuracy
  • Must be a team player with the ability to adapt in a collaborative and fast-paced work environment

Education Requirements


Education Level



4 Year / Bachelor's Degree

Bachelor's degree in Finance, Accounting or related field required


Graduate Degree

Master's degree is a plus

Years of Experience

Years of Experience Range


5-7 years

Minimum of 5 years' experience. Oil and gas industry is preferred


Work is typically performed indoors in an office environment. Incumbents must be able to perform work which includes typing, sitting and standing. In the event that incumbent visits operations worksite, personal protection equipment, including head protection, hearing protection, safety glasses, safety shoes, and flame resistant clothing is required. Safety rules including OSHA and DOT requirements are strictly enforced. Employees must be willing to travel and work extended hours on short notice.

Travel Requirements

Less than 5%

Travel may be required for mandatory meetings or training.


Cimarex Energy Co. is an equal opportunity employer. Applicants and employees are considered for positions and are evaluated without regard to mental or physical disability, race, color, religion, gender, national origin, age, genetic information, military or veteran status, sexual orientation, marital status or any other protected Federal, State/Province or Local status unrelated to the performance of the work involved.

Keywords: Cimarex, Midland , Financial Analyst, Other , Midland, Texas

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