Diamondback Energy Inc

Joint Interest Accounting Team Lead

Diamondback Energy Inc$90K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Accounting, Business Administration, or a related field (Intermediate Accounting I & II preferred)
  • Minimum of seven (7) years of progressive accounting experience
  • Strong working knowledge of oil & gas accounting and general accounting principles
  • Proficiency in Microsoft Office, with advanced Excel skills

Responsibilities

  • Lead, mentor, and develop the JIB Accounts Receivable professionals to align with company values.
  • Provide performance management and coaching to enhance employee growth and development.
  • Oversee daily JIB Accounts Receivable operations, ensuring accurate financial activities.
  • Review and approve balance sheet reconciliations and other accounting deliverables for compliance.
  • Partner with cross-functional teams to resolve complex issues and improve operational effectiveness.
  • Prepare management reports and monitor key performance metrics for team deliverables.
  • Ensure SOX compliance and support internal audits through timely documentation and responses.

Benefits

  • Leadership development opportunities in a collaborative work environment.
  • Engagement with cross-functional teams to enhance problem-solving skills.
  • Participation in process improvement initiatives for operational efficiency.
Full Job Description

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

The Joint Interest Accounting Lead is responsible for overseeing accounts receivable and joint interest accounting activities, ensuring accurate financial reporting, effective operational controls, and compliance with company policies. This position provides leadership and support to the accounting team, drives process improvements, partners with cross-functional stakeholders to resolve issues and enhance efficiency, and fosters a collaborative, high-performing team culture.

Job Responsibilities:

Include but are not limited to

  • Lead, mentor, and develop the JIB Accounts Receivable professionals, fostering a collaborative, high-performing culture aligned with company values.
  • Provide performance management, coaching, goal setting, and employee development support, including evaluations and feedback.
  • Oversee daily JIB Accounts Receivable operations, ensuring accurate processing of deposits, entries, adjustments, owner account reconciliations, and monthly netting activities.
  • Review and approve balance sheet reconciliations, AR allowance analyses, reverse/rebill transactions, and other accounting deliverables to ensure accuracy and compliance.
  • Partner with Owner Relations and cross-functional stakeholders to resolve complex issues, address owner inquiries, and improve operational effectiveness.
  • Prepare and review management reporting, monitor key performance metrics, and provide first-level review of team deliverables.
  • Maintain SOX compliance and support internal and external audits through documentation, walkthroughs, and timely responses to requests.
  • Oversee escheatment activities, stale-dated checks, and other regulatory or compliance-related AR processes.
  • Collaborate with IT and business partners to identify, implement, and support process improvements, system enhancements, and operational efficiencies.
  • Participate in cross-functional projects, meetings, and other initiatives that support departmental and organizational objectives.

Required Qualifications:

  •  Bachelor’s degree in Accounting, Business Administration, or a related field (Intermediate Accounting I & II preferred).
  • Minimum of seven (7) years of progressive accounting experience.
  • Strong working knowledge of oil & gas accounting and general accounting principles.
  • Proficiency in Microsoft Office, with advanced Excel skills.

Preferred Qualifications:

  •  Experience with SAP or comparable ERP/accounting systems.
  • Experience with JIB data exchange platforms (e.g., EnergyLink).
  • Working knowledge of COPAS guidelines and interpretations.
  • Demonstrated ability to drive process improvements while maintaining SOX compliance.

About Diamondback Energy Inc

Diamondback Energy is an independent oil and natural gas company headquartered in Midland, TX. Diamondback’s growth strategy is focused on the acquisition, development, exploration and exploitation of unconventional, long-life, onshore oil and natural gas reserves in the major oil producing Permian Basin in West Texas. The Company’s operations are directed primarily at the large acreage areas of the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, collectively known as the Wolfberry Trend.

Diamondback Energy Inc Careers

Join the dynamic team at Diamondback Energy Inc, a leader in the energy sector, where innovation, leadership, and a commitment to sustainability power our success. As we expand our operations, there has never been a better time to explore job opportunities with us.

Work You’ll Do

At Diamondback Energy Inc, you will be part of a professional community that values growth, diversity, and leadership. Our team is dedicated to fostering an inclusive culture that thrives on innovation and operational excellence. We offer a range of career paths, from engineering to business management, each with comprehensive benefits and opportunities for professional development.

Transform Your Career

Lead the change in the energy industry with Diamondback Energy Inc. Our company is at the forefront of developing efficient and sustainable energy solutions. By joining our team, you will collaborate with skilled professionals and leaders who are committed to making a significant impact in the energy sector.

Innovative Work Environment

Diamondback Energy Inc is home to a culture of innovation where your ideas can flourish. We are constantly seeking new strategies to enhance our operations and drive growth. With state-of-the-art technology and resources, our team is equipped to tackle challenges and push the boundaries of what's possible in the energy industry.

Career Development and Benefits

We believe in nurturing our team's potential by offering robust training programs, including leadership and diversity training. Our employees enjoy competitive benefits, a supportive work environment, and opportunities for career advancement. At Diamondback Energy Inc, your hard work is recognized and rewarded.

Internship Programs

Kickstart your career with Diamondback Energy Inc’s internship programs. Gain invaluable industry experience, develop your skills, and build a network of professionals. Our internships provide a solid foundation for a successful career in the energy sector.

Join Our Team

Explore the various positions available at Diamondback Energy Inc and find where your skills and interests align with our needs. We are hiring motivated individuals who are ready to contribute to our mission and embrace the challenges of the energy industry.

Stay Connected

Keep up to date with the latest news, job opportunities, and industry insights at Diamondback Energy Inc. Join our network, engage with our community, and discover how you can make a difference in the energy sector.

Apply Now

Ready to take the next step in your career? Check out the open positions on our Jobs page, tailor your resume, and prepare for an interview that could lead to your future role at Diamondback Energy Inc. We are excited to see how your vision, skills, and dedication can contribute to our continued success.

Explore Diamondback Energy Inc Careers

With a commitment to innovation, leadership, and diversity, Diamondback Energy Inc is the perfect place to grow your career. Join us in shaping the future of energy. [SEARCH DIAMONDBACK ENERGY JOBS](#) Stay ahead in your career with Diamondback Energy Inc, where we value every team member's contribution towards our collective goals.
Learn more about Diamondback Energy Inc
Size
870 employees
Market Cap
$23.4 billion
Industry
Net Income
-$4.5 billion
Founded
2007
5 Year Trend
+66.8%
Revenue
$2.8 billion
NASDAQ

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