Diamondback Energy Oklahoma City , OK 73113
Posted 2 weeks ago
Job Title: Accounting Senior II - Revenue and Marketing Contracts
Department: Revenue Accounting
Summary: This position will be responsible for review of new and existing oil and gas purchase, sales, transportation, gathering and processing contracts to determine proper recording per accounting policies, procedures, and regulations. Other duties include review of contracts and confirming proper distribution of oil and gas royalty payments to working interest owners and royalty interest owners, including state and federal agencies, and reporting to state agencies.
Job Duties and Responsibilities:
Review new and existing contracts on a continuous basis, document accounting and revenue treatment and effectively communicate any updates or changes
Ensure compliance with applicable policies and review contracts to ensure that revenue is recorded in compliance with US GAAP
Ensure revenue distribution to interest owners are compliant based on contract terms
Work closely with Revenue, Tax, Marketing, Production, and Operational Departments
Assist with completion of month-end accruals and financial reporting
Provide input to strategic decisions that affect oil and gas purchase, sales, transportation, gathering and processing contracts
Effectively communicate decisions surrounding revenue and accounting treatment with other departments
Liaison between marketing and multiple revenue teams
Other responsibilities and reporting as assigned by management
Perform various ad hoc projects as assigned
Required Qualifications:
Bachelor's degree (BBA or BS) in accounting
At least five (5+) years of oil and gas accounting experience
At least five (5+) years of demonstrated experience in Microsoft Office, (i.e. Excel, Word, PowerPoint, Outlook)
Strong working knowledge of oil and gas accounting and general accounting principles
Preferred Qualifications:
At least five (5+) years of relevant contract and revenue experience with an Oil and Gas company
Experience with oil and gas marketing contract review
SAP or similar accounting software experience
Regulatory Royalty and Production Tax knowledge and/or experience
Strong analytical, problem solving and collaborative skills
Ability to suggest and implement process improvements to increase effectiveness while ensuring SOX compliance
Strong written and verbal communication skills to effectively work with all levels of an organization
Process oriented with a strong attention to detail
Relocation:
This position is not eligible for relocation assistance.
Work Authorization:
Diamondback Energy is not currently sponsoring employment visas for this position.
Diamondback Energy