Diamondback Energy Inc

Senior Joint Interest Accountant

Diamondback Energy Inc$90K — $110K *
Energy & Utilities
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Finance or related field
  • 5+ years of Oil and Gas accounting experience
  • 5+ years of experience with Microsoft Excel
  • Strong knowledge of Joint Interest Billing processes and COPAS guidelines

Responsibilities

  • Prepare and record monthly labor billings per Joint Operating Agreements
  • Collaborate with Operations, HR, and Payroll for labor data validation
  • Process monthly JIB billings according to COPAS guidelines
  • Review billings for accuracy and correct cost allocation
  • Research and resolve billing exceptions and audit requests
  • Prepare monthly balance sheet reconciliations and journal entries
  • Support audits by providing SOX and COPAS compliance documentation
  • Identify process improvements and SAP enhancements

Benefits

  • Not specified in the job description
Full Job Description

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

The Senior I Joint Interest Accountant will be responsible for supporting the end-to-end Joint Interest Billing (JIB) process for operated properties, including preparation, review, and analysis of monthly billings. This role requires strong attention to detail, analytical skills, and a high degree of accuracy, as well as the ability to research and resolve discrepancies. The position also requires effective communication skills to collaborate with internal teams and external partners.

Job Duties and Responsibilities:

  • Prepare, review, and record monthly company labor billings in accordance with applicable Joint Operating Agreements (JOAs) and COPAS accounting procedures
  • Collaborate with Operations, HR, and Payroll teams to obtain and validate labor data inputs, including employee classifications, time allocations, and rate changes
  • Prepare and process monthly JIB billings for operated properties in accordance with COPAS guidelines and joint operating agreements
  • Review billings for accuracy, completeness, proper cost allocation, and correct SAP cost coding
  • Research and resolve billing exceptions, partner inquiries, and audit requests in a timely manner
  • Prepare monthly balance sheet reconciliations and ensure accurate, timely journal entries
  • Support internal and external audits by providing documentation and ensuring SOX and COPAS compliance
  • Identify and implement process improvements, automation opportunities, and support SAP JIB/JVA enhancements/testing
  • Maintain process documentation and collaborate effectively with internal teams and external partners

Required Qualifications:

  • Bachelor's degree in Accounting, Finance or related field
  • Five (5) years of Oil and Gas accounting experience
  • Five (5) or more years of demonstrated experience in Microsoft Office, specifically Excel
  • Strong knowledge of Joint Interest Billing processes and COPAS guidelines

Preferred Qualifications:

  • SAP experience preferred
  • High degree of accuracy and attention to detail
  • Strong analytical, problem-solving, and critical thinking skills
  • Ability to operate both independently and as part of a team
  • Eye for continuous improvement opportunities
  • Ability to pick up on new concepts quickly
  • Effective communication skills to work with all levels of the organization
  • Possess a positive and team-oriented attitude

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
Net Income
-$4.5 billion
Founded
2007
5 Year Trend
+66.8%
Revenue
$2.8 billion
NASDAQ

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