Diamondback Energy Inc

Operations Accounting Supervisor

Diamondback Energy Inc • $90K — $120K *
Oklahoma City, OK 73160In-Person
Energy & Utilities
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting (BBA or BS)
  • 5+ years of accounting experience in upstream oil and gas
  • 3+ years in progressive accounting or tax leadership roles
  • Strong knowledge of oil and gas accounting and general accounting principles
  • Strong time management and project management skills
  • Excellent analytical, problem solving, and collaboration skills
  • Ability to handle multiple tasks in a fast-paced environment

Responsibilities

  • Lead, coach, and develop team members for growth and accountability
  • Review and post capital and LOE accrual entries with accuracy
  • Ensure timely recording of financial transactions per accounting standards
  • Assist in preparing presentations for operations and accounting leadership
  • Analyze Capex/LOE to guide Operations teams on accounting treatment
  • Oversee variance analysis for Capex and LOE to improve business performance
  • Communicate complex oil and gas accounting concepts across teams
  • Recommend and implement process improvements for efficiency
  • Build team capabilities through cross-training and process clarity
  • Act as AFE subject matter expert for operational questions
  • Collaborate with accounting and organizational teams on projects

Benefits

  • Opportunity to work in a highly visible operations-facing leadership role
  • Development and coaching opportunities for team members
  • Engagement in strategic process improvement initiatives
  • Support for creating a high-performing team culture
  • Collaboration with cross-functional teams in the organization
Full Job Description
CURRENT EMPLOYEES - Please apply using "Jobs Hub" in Workday. This career site is for external applicants only.

The Operations Accounting Supervisor is responsible for capital expenditures (Capex) and lease operating expenses (LOE) accruals and reporting, as well as the creation and maintenance of AFEs with project services. The Supervisor will be responsible for guiding and directing work to analyze and report trend analysis and actual results. Excellent communication skills and the ability to report timely and accurately are a necessity in this role. As a highly visible, operations-facing leader, the Supervisor partners cross-functionally with Operations, IT, and other accounting teams, bringing strong oil and gas experience, technical expertise, and a continuous improvement mindset focused on automation, standardization, and a building high-performing team.

Job Duties and Responsibilities:
  • Lead, coach, and develop team members, fostering accountability and career growth
  • Review and post capital and LOE accrual entries, as well as associated balance sheet reconciliations for reasonableness and accuracy, including review of flux and activity analysis
  • Ensure accurate and timely recording of financial transactions in accordance with established accounting standards and company policies
  • Assist with the preparation of monthly reporting presentations to operations and accounting leadership
  • Provide analysis on Capex/LOE and guidance on appropriate accounting treatment to Operations teams and others within accounting, utilizing general understanding of oil and gas accounting concepts
  • Oversee variance analysis for monthly Capex and LOE accruals and forecasts 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
  • Build team capability through cross-training, delegation, and process clarity to reduce key-person risk
  • Act as subject matter expert for AFE guidance across operational and organizational questions
  • Collaborate with others in accounting and across the organization for projects, as needed
  • 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
  • Minimum of five (5+) years of experience in accounting for an upstream oil and gas company
  • Three (3+) or more years of experience in progressive accounting or tax leadership roles
  • Strong working knowledge of oil and gas accounting and general accounting principles
  • Strong time management and project management skills
  • Strong analytical, problem solving, and collaborative skills
  • Ability to multi-task in a fast-paced environment
  • Familiarity with internal controls, principles, and practices


Preferred Qualifications:
  • SAP or large ERP experience preferred
  • High degree of accuracy and attention to detail
  • Automation experience utilizing software tools such as Spotfire, SQL, Snowflake, etc.
  • CPA certification

Relocation:

This position is not eligible for relocation assistance.

Work Authorization:

Diamondback Energy is not currently sponsoring employment visas for this position.

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
Energy & Utilities
Net Income
-$4.5 billion
Founded
2007
5 Year Trend
+66.8%
Revenue
$2.8 billion
NASDAQ
FANG
* Ladders Estimates

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