Senior Revenue Accountant

Diamondback Energy•Oklahoma City, OK

42d

About The Position

Summary: 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
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
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

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