- Location
- Oklahoma City Corporate, United States of America
- Type
- Full-time
- Department
- Sales
- Seniority
- Senior
- Source
- Workday
Description
CURRENT EMPLOYEES - Please apply using "Jobs Hub" in Workday. This career site is for external applicants only.
We are seeking a detail-oriented and experienced Oil and Gas Revenue Reporting Accountant to join our team. This role is responsible for analyzing and recording revenue accrual and re-accrual entries with minimal supervision, ensuring compliance with GAAP, and supporting accurate and timely financial reporting. The ideal candidate will have a strong understanding of oil and gas accounting principles, revenue recognition, and accrual methodologies.
Job Responsibilities:
Include but are not limited to:
- Analyze monthly revenue data, including production volumes and pricing, to support accrual and re-accrual processes
- Prepare journal entries for operated and non-operated properties
- Reconcile revenue accruals to actuals and investigate variances, including support for PPA analysis
- Collaborate cross-functionally with other departments to resolve discrepancies and ensure accurate revenue reporting
- Prepare monthly account reconciliations
- Assist with the preparation of financial reporting and disclosures related to revenue
- Support team members as needed to meet reporting objectives
- Ensure all revenue reporting deadlines are met in a timely manner
- Perform ad hoc analysis and special projects as assigned
- Ensure compliance with internal controls and SOX requirements related to revenue processes
Required Qualifications:
- Bachelor’s degree (BBA or BS) in Accounting or Finance
- Minimum of Five (5+) years of Accounting Experience, with three (3+) of those years being in Oil & Gas Accounting
- Advanced proficiency in Excel (e.g., XLOOKUP, SUMIF, Pivot Tables)
- Strong understanding of revenue accounting and general accounting principles
Preferred Qualifications:
- Demonstrated experience driving process improvements and implementing efficiencies
- Ability to adapt to changing priorities and work assignments
- Excellent organizational and time management skills
- Strong attention to detail with the ability to quickly learn new systems and concepts
- Experience with SAP or similar ERP systems
Relocation:
This position is not eligible for relocation assistance.
Work Authorization:
Diamondback Energy is not currently sponsoring employment visas for this position.
Diamondback is an Equal Employment Opportunity Employer. Diamondback provides equal employment opportunities to all qualified applicants without regard to race, sex, sexual orientation, gender identity, national origin, color, age, religion, veteran or disability status, genetic information, pregnancy, or any other status protected by law. Diamondback participates in E-Verify. Learn more about E-Verify.