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The Joint Interest Accounting Lead is responsible for reviewing and analyzing operated team journal entries and SAP processes to ensure accuracy, compliance, and consistency. This role oversees the analysis of joint interest billings to confirm alignment with Joint Operating Agreements (JOAs), COPAS standards, and SOX requirements, while preparing management reporting and identifying opportunities for process improvement and automation.

 

Job Responsibilities:

Include but are not limited to

• Provide day-to-day leadership for the JIB Operated team on-site in Oklahoma City, including coaching, mentoring, and performance oversight.
• Ensure timely, accurate completion of monthly close activities, including review of journal entries and related SAP processes (e.g., production and CAPEX allocations, insurance, overhead, company labor, and joint interest billing distribution).
• Serve as a subject matter expert to ensure compliance with internal accounting policies and structure, as well as JOA and COPAS guidelines.
• Maintain functional SOX compliance and support internal/external audits by facilitating requests and walkthroughs as needed.
• Recommend and implement process and system improvements/automation; coordinate testing and documentation for system updates and maintain process documentation and reference guides.
• Review monthly billable charges for proper accounting treatment prior to JIB cutback runs.
• Prepare and/or review assigned balance sheet account reconciliations.
• Resolve escalated issues and partner cross-functionally to drive alignment; prepare management reporting and provide first-level review of team deliverables; complete ad hoc and cross-functional projects as assigned.

Required Qualifications

• Bachelor’s degree in Accounting, Business Administration, or a related field (Intermediate Accounting I & II preferred).
• Minimum of seven (7) years of progressive accounting experience.
• Strong working knowledge of oil & gas accounting and general accounting principles.
• Proficiency in Microsoft Office, with advanced Excel skills.

Preferred Qualifications

• Experience with SAP or comparable ERP/accounting systems.
• Experience with JIB data exchange platforms (e.g., EnergyLink).
• Working knowledge of COPAS guidelines and interpretations.
• Demonstrated ability to drive process improvements while maintaining SOX compliance.

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.