Diamondback Energy-posted 3 months ago
Mid Level
Oklahoma City, OK
1,001-5,000 employees

The Senior Real Estate Accountant will be responsible for managing financial accounting and reporting related to corporate real estate assets, leases, property operations and transactions. This role requires a strong background and understanding of real estate accounting, GAAP, lease accounting, and financial analysis, with the ability to collaborate across multiple departments including Operations, Accounting, and Legal.

  • Prepare and analyze monthly journal entries, as well as all aspects of financial reporting for real estate holdings and lease obligations
  • Maintain accurate records of lease agreements, rent schedules, and property-related expenses
  • Review and analyze CAM activity and reconciliations to ensure proper treatment and accurate billing to tenants
  • Coordinate with operations teams to ensure timely invoicing and reconciliation of tenant accounts
  • Support budgeting and forecasting processes for real estate assets
  • Ensure compliance with lease terms and accounting standards
  • Assist in the preparation of journal entries, account reconciliations, and variance analyses
  • Collaborate with internal and external teams to resolve discrepancies and improve reporting accuracy
  • Participate in audits and provide documentation related to real estate transactions
  • Support automation and process improvement initiatives related to assigned tasks
  • Provide support and advice to other team members on complex issues or projects
  • Bachelor's degree (BBA or BS) in Accounting, Finance, or related field
  • Minimum of five (5) years of accounting experience with at least three (3) years of specific Real Estate Accounting experience
  • Familiarity with lease accounting standards
  • Ability to work independently with a high degree of accuracy and attention to detail
  • Excellent problem solving and critical thinking skills
  • Five (5) or more years of demonstrated experience in Microsoft Office, specifically Excel
  • SAP experience
  • CPA or CPA candidate
  • Automation experience utilizing software tools such as Spotfire, SQL, Snowflake, etc.
  • Strong understanding of oil and gas accounting concepts and principles, in accordance with GAAP
  • Eye for continuous improvement opportunities
  • Flexible regarding workload and priorities
  • Effective communication skills to work with all levels of the organization
  • Possess a positive and team-oriented attitude
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