Senior Revenue Accountant

Diamondback Energy • Oklahoma City, OK

15d

About The Position

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.

Requirements

• 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

Nice To Haves

• 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

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees