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We are seeking a detail-oriented and experienced Oil and Gas Revenue Accrual Senior Accountant to join our team. This role is responsible for analyzing and recording revenue accruals and re-accrual entries with minimal supervision, ensuring compliance with industry regulations, and providing accurate financial reporting related to revenue. The ideal candidate will have a strong understanding of oil and gas accounting principles, revenue recognition, and accrual methodologies.

 

Job Duties and Responsibilities:

• Analyze monthly revenue data, including production and pricing data, for accrual and re-accrual processes
• Prepare journal entries for operated and non-operated properties
• Reconcile revenue accruals with actuals and investigate variances as part of PPA analysis
• Communicate with other departments within the company to resolve outstanding items and ensure accurate revenue reporting
• Prepare monthly account reconciliations as needed
• Assist in the preparation of financial statements and disclosures related to revenue accruals
• Assist other members of the Revenue Group, as needed
• Meet all revenue distribution deadlines
• Perform various ad hoc projects, as assigned

Required Qualifications:

• Bachelor’s degree (BBA or BS) in Accounting, Finance, Business Administration or related fields.
• At least five (5+) years of experience in oil & gas accounting
• Demonstrated experience in MS Excel, including skills creating and configuring VLOOKUPs, Pivot Tables, and Sum IF formulas
• Familiar with revenue accounting and general accounting principles
• Ability to analyze contracts with working knowledge of ASC 606 standards

Preferred Qualifications:

• At least five (5+) years of relevant revenue accounting experience preferred
• Bachelor's Degree in Accounting preferred
• Examples of suggested and implemented process improvements to increase efficiency
• Be flexible regarding daily work assignments and priorities
• Excellent organizational and time management skills
• Strong attention to detail with ability to quickly pick up on new concepts
• Experience working within the PRA module of SAP

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.