What are the responsibilities and job description for the Accounting Manager - Revenue Reporting position at Diamondback E&P LLC?
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This position will manage & develop personnel with high-level focus on lease revenue analytics, reporting and accruals.Job Duties and Responsibilities:
- Manage the daily activities and staff of the revenue reporting team to ensure deadlines are met
- Ensure compliance with applicable policies and review contracts to ensure that revenue is recorded in compliance with US GAAP
- Ensure all revenue-related policies and procedures are documented and followed
- Ensure compliance with Sarbanes Oxley and internal control processes and monitoring procedures
- Assist with internal and external audits and reporting assigned
- Monitor and oversee the month end accruals and revenue reporting close processes
- Manage, coordinate, and review internal and external audit requests and follow-up
- Assist with the preparation of monthly volumetric reporting
- Provide input to strategic decisions that affect the numerous revenue streams
- Review revenue accruals for accuracy and compliance with contracts prior to posting into the Accounting Software
- Maintain a close working relationship with Production, Division Order and Operational Departments
- Review quarterly and year end reports for Financial Reporting & SEC teams
- Present monthly accrual vs actual PPA reports to various departments and upper management
- Review journal entries related to payouts, A&D activity, revenue reclass, etc.
- Prepare monthly general ledger reconciliations, coordinate team analytics and assist in reconciling
- Communicate effectively to resolve any escalated issues arising from operations and/or requiring coordination with other departments
- Create workflow processes between team members
- Identify and communicate areas for automation and process improvements
- Create and/or improve revenue accrual processes to enhance efficiency
- Mentor, coach, and develop team members along their career path and coordinate the training of new team members
- Interview new potential team members and make hiring recommendations
- Prepare and conduct annual reviews for team members and address and resolve personnel issues as the occur
- Other responsibilities and reporting as assigned by management
Required Qualifications:
- Bachelor's degree in Accounting required
- Minimum ten (10 ) years of Oil and Gas Accounting experience
- Five (5 ) or more years of experience in progressive accounting leadership roles
- Experience with SAP
- At least ten (10 ) years of demonstrated experience in Microsoft Office (i.e. Excel, Word, PowerPoint, Outlook)
Preferred Qualifications:
- Experience in a similar revenue reporting-focused position
- Team-focused individual
- Strong analytical skills
- Ability to suggest and implement process improvements to increase effectiveness while ensuring SOX compliance
- Communication skills to effectively work with all levels of an organization
- Flexibility to grow and adapt with company needs
- Ability to multi-task in a fast-paced environment
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 aboutE-Verify.
