Diamondback Energy Inc

Revenue Reporting Accounting Advisor

Diamondback Energy Inc$90K — $120K *
Energy & Utilities
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting (BBA or BS)
  • 10+ years of progressive accounting experience
  • Experience with SAP's PRA module
  • Strong knowledge of revenue accounting and general accounting principles
  • Proficient in MS Excel (VLOOKUPs, Pivot Tables, Sum IF formulas)

Responsibilities

  • Coordinate and complete month-end revenue closing processes
  • Review revenue vouchers for accuracy before posting in SAP
  • Maintain relationships with Production and Operational Departments
  • Meet revenue distribution deadlines
  • Create workflow processes among team members
  • Handle ad hoc projects as assigned
  • Communicate to resolve escalated operational issues
  • Prepare monthly account reconciliations as needed

Benefits

  • Equal Employment Opportunity Employer
  • Collaborative work environment
  • Opportunities for process improvement and efficiency
  • Valuable experience in oil & gas revenue accounting
Full Job Description
CURRENT EMPLOYEES - Please apply using "Jobs Hub" in Workday. This career site is for external applicants only.

We are seeking an experienced Accounting Advisor to join our Revenue Team at a leading, publicly traded oil and gas company. The ideal candidate will play a key role in ensuring accurate revenue recognition and compliance with ASC 606. In addition, this role should focus specifically on oil and gas revenue leases. Including the analysis and review of lease agreements that pertain to royalty and working interest arrangements within the industry.

Job Duties & Responsibilities:
  • Analyze marketing contracts and oil & gas leases to ensure accurate ASC 606 revenue recognition for royalty and working interest arrangements
  • Interpret lease language and partner with Legal and Operations to establish and maintain owner payment terms within PRA
  • Research and resolve owner, lease, and system discrepancies impacting revenue, billing, and payments
  • Process documentation and accounting/legal directives affecting owner setup, payment, or billing status
  • Support SOX compliance, internal controls, and serve as primary contact for internal and external auditors
  • Summarize and present complex revenue and lease data in clear, actionable insights for management
  • Support acquisitions and divestitures related to owner setup, payments, and revenue recognition
  • Drive process improvements and automation efforts while mentoring and supporting revenue accounting team members

Required Qualifications:
  • Bachelor's degree in accounting, Finance, or related field
  • 10+ years of accounting experience with significant oil & gas revenue accounting exposure
  • Strong working knowledge of ASC 606, revenue recognition, and oil & gas lease accounting
  • Experience with royalty and working interest ownership structures
  • Excellent analytical, problem-solving, and communication skills
  • Proven ability to collaborate cross-functionally in a fast-paced, evolving environment
  • Strong attention to detail and ability to interpret complex contracts and lease language


Preferred Qualifications
  • CPA license
  • Experience supporting internal and external audits in a SOX-compliant environment
  • Prior involvement in mergers, acquisitions, or divestiture within oil & gas
  • Experience driving process improvements, automation, or system enhancements
  • Demonstrated leadership or mentorship experience within an accounting or revenue team


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

Similar Jobs

More Jobs at Diamondback Energy Inc

More Energy & Utilities Jobs

Find similar Revenue Reporting Accounting Advisor jobs: