What are the responsibilities and job description for the Joint Interest Accountant position at Diamondback Energy?
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The role of Joint Interest Accountant will require an individual who understands the principles of COPAS accounting. This individual will be responsible for multiple company billing allocations to include labor, equipment, and insurance. The job requires the ability to work with others, multi-task and meet deadlines as assigned.
Job Duties And Responsibilities
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.
The role of Joint Interest Accountant will require an individual who understands the principles of COPAS accounting. This individual will be responsible for multiple company billing allocations to include labor, equipment, and insurance. The job requires the ability to work with others, multi-task and meet deadlines as assigned.
Job Duties And Responsibilities
- Review monthly JIB charges for proper accounting treatment
- Prepare and record monthly company labor billing in accordance with COPAS and applicable JOAs
- Prepare and record monthly co-owned asset related charges
- Collaborate with Operations on needed information and assisting with the preparation of billing newly acquired co-owned assets and annual review of company rates in accordance with COPAS guidelines
- Prepare and record monthly insurance charges; includes working with appropriate departments for annual amortization of insurance policy renewals
- Record monthly gas buyback fees to wells
- Record monthly geosteering cost to wells
- Review and approve monthly allocation well setup/changes
- Prepare and record monthly drilling and operating overhead in accordance with COPAS and applicable JOAs; includes updating yearly increase or decrease as determined by COPAS
- Monthly review of charges in suspense and staking and permitting account for charges that can billed
- Prepare and record entries to reclass costs from the lease level to the AFE level as needed
- Participate in coordinating and responding to JIB audits
- Assist with monthly expense reporting and analysis
- Post-closing variance analysis, accruals, and reporting
- Monthly balance sheet account reconciliations as assigned
- Investigate and understand unusual transactions
- Collaborate with multiple departments as necessary
- Other duties as assigned
- Bachelor's degree (BS) in Accounting
- Three (3 ) or more years of Oil and Gas accounting experience in joint interest accounting and/or joint venture accounting/audit
- Three (3 ) or more years of demonstrated experience in Microsoft Office, specifically Excel
- SAP experience preferred
- High degree of accuracy and attention to detail
- Good problem solving and critical thinking skills
- Ability to operate both independently and as part of a team
- Flexible regarding workload and priorities
- Ability to pick up on new concepts quickly
- Effective communication skills within the organization and with outside parties
- Possess a positive and team-oriented attitude
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.
