Operations Accounting Lead

Diamondback E&P LLC; Oklahoma City (OK); On-site; USD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a Lead Accountant to oversee the capital accrual team and ensure accuracy in capital reporting. This role requires a strong background in oil and gas accounting, with an emphasis on process improvement and efficiency. You will be responsible for guiding the team, conducting variance analyses, and collaborating across departments to enhance decision-making. If you possess a keen eye for detail and a proactive approach to problem-solving, this position offers a unique opportunity to contribute to operational excellence in a dynamic environment.

Qualifications

• 8+ years of Oil and Gas accounting experience required.
• Strong understanding of GAAP and oil and gas accounting principles.

Responsibilities

• Lead the capital accruals team and ensure deadlines are met.
• Provide analysis on capital expenditures and guidance to Operations teams.

Skills

Oil and Gas Accounting

Microsoft Office (Excel, Word, PowerPoint, Outlook)

Analytical Skills

Problem Solving

Communication Skills

Education

Bachelor's degree in Accounting

Tools

SAP

Spotfire

SQL

Snowflake

Job description

CURRENT EMPLOYEES - Please apply using "Jobs Hub" in Workday. This career site is for external applicants only.

The Lead Accountant will assist the supervisor with daily oversight and guidance for the capital accrual team, with high level focus on capital analysis and accuracy for capital reporting.

Job Duties and Responsibilities:

• Assist the supervisor with leading the capital accruals team, with oversight of related daily activities to ensure deadlines are met
• Review and post monthly capital accrual entries
• Provide analysis on capital expenditures and guidance on appropriate accounting treatment to Operations teams and others within accounting, utilizing general understanding of oil and gas accounting concepts
• Compile variance analysis for monthly Capex accruals and Capex incurred to assist in the improvement of overall business performance and operational decisions
• Effectively communicate complex oil and gas accounting concepts to cross-organizational teams
• Recommend/implement process improvements to create efficiencies for the business and incorporate streamlining and automation where effective
• Assist with the preparation of monthly capital reporting presentations to operations and accounting leadership
• Prepare reports as requested by management and act as first-level review for any reports created by team members
• Collaborate with others in accounting and across the organization for projects, as needed
• Manage and assist with various AFE requests, as required
• Provide support and advice to other team members on complex issues or projects
• Other duties or ad hoc projects, analysis or reviews as needed or requested

Required Qualifications:

• Bachelor's degree (BBA or BS) in Accounting

• Eight (8+) years of Oil and Gas accounting experience
• Eight (8+) years of demonstrated experience in Microsoft Office, (i.e. Excel, Word, PowerPoint, Outlook)
• Strong understanding of oil and gas accounting concepts and principles, in accordance with Generally Accepted Accounting Principles (GAAP)

Preferred Qualifications:

• SAP experience preferred
• High degree of accuracy and attention to detail
• Strong analytical, problem solving and critical thinking skills
• Automation experience utilizing software tools such as Spotfire, SQL, Snowflake, etc.

• 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

• Flexible regarding workload and priorities
• Possess a positive and team-oriented attitude

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.