Operations Accounting Supervisor

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The Operations Accounting Supervisor is responsible for capital expenditures (Capex) and lease operating expenses (LOE) accruals and reporting, as well as the creation and maintenance of AFEs with project services. The Supervisor will be responsible for guiding and directing work to analyze and report trend analysis and actual results. Excellent communication skills and the ability to report timely and accurately are a necessity in this role. As a highly visible, operations-facing leader, the Supervisor partners cross-functionally with Operations, IT, and other accounting teams, bringing strong oil and gas experience, technical expertise, and a continuous improvement mindset focused on automation, standardization, and a building high-performing team.

 

Job Duties and Responsibilities:

• Lead, coach, and develop team members, fostering accountability and career growth
• Review and post capital and LOE accrual entries, as well as associated balance sheet reconciliations for reasonableness and accuracy, including review of flux and activity analysis
• Ensure accurate and timely recording of financial transactions in accordance with established accounting standards and company policies
• Assist with the preparation of monthly reporting presentations to operations and accounting leadership
• Provide analysis on Capex/LOE and guidance on appropriate accounting treatment to Operations teams and others within accounting, utilizing general understanding of oil and gas accounting concepts
• Oversee variance analysis for monthly Capex and LOE accruals and forecasts to assist in the improvement of overall business performance and operational decisions
• Effectively communicate complex oil and gas accounting concepts to cross-organizational teams
• Recommend/implement process improvements to create efficiencies for the business and incorporate streamlining and automation where effective
• Build team capability through cross-training, delegation, and process clarity to reduce key-person risk
• Act as subject matter expert for AFE guidance across operational and organizational questions
• Collaborate with others in accounting and across the organization for projects, as needed
• Provide support and advice to other team members on complex issues or projects
• Other duties or ad hoc projects, analysis or reviews as needed or requested

Required Qualifications:

• Bachelor's degree (BBA or BS) in Accounting

• Minimum of five (5+) years of experience in accounting for an upstream oil and gas company
• Three (3+) or more years of experience in progressive accounting or tax leadership roles
• Strong working knowledge of oil and gas accounting and general accounting principles
• Strong time management and project management skills
• Strong analytical, problem solving, and collaborative skills
• Ability to multi-task in a fast-paced environment
• Familiarity with internal controls, principles, and practices

Preferred Qualifications:

• SAP or large ERP experience preferred
• High degree of accuracy and attention to detail
• Automation experience utilizing software tools such as Spotfire, SQL, Snowflake, etc.
• CPA certification

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.