About the role
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The main responsibility of this position is analyzing revenue and ownership for proper disbursement to interest owners. This also includes analysis of various aspects related to oil & gas revenue and accounting related transactions.
Job Duties and Responsibilities:
- Review purchaser statements & check details for all products to determine accuracy of revenue payments
- Work with Purchasers and/or other Operators to resolve discrepancies discovered through accuracy review
- Use purchaser statements & check details received from Purchaser and/or other Operators to create uploads directly into Accounting Software (SAP)
- Use volumes and contractual rates to create uploads directly into Accounting Software (SAP)
- Provide proper documentation for revenue voucher submitted for review
- Ensure all revenue voucher related back-up is scanned and saved in proper locations
- Meet all revenue distribution deadlines
- Assist other members of the Revenue Group as needed
- Perform various ad hoc projects as assigned
- Communicate with other departments within the company to resolve outstanding items
- Prepare monthly account reconciliations as needed
Required Qualifications:
- Bachelor’s degree (BBA or BS) in Accounting
- At least two (2+) years of experience in oil & gas accounting
- Experience working within the PRA module of SAP
- Demonstrated experience in MS Excel, including skills creating and configuring VLOOKUPs, Pivot Tables, and Sum IF formulas
- Familiar with revenue accounting, production, and general accounting principles
Preferred Qualifications:
- 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
Relocation:
This position is not eligible for relocation assistance.
Work Authorization:
Diamondback Energy is not currently sponsoring employment visas for this position.
Diamondback is an Equal Employment Opportunity Employer. Diamondback provides equal employment opportunities to all qualified applicants without regard to race, sex, sexual orientation, gender identity, national origin, color, age, religion, veteran or disability status, genetic information, pregnancy, or any other status protected by law. Diamondback participates in E-Verify. Learn more about E-Verify.
Aplyr's read
Diamondback Energy thrives in the Permian Basin, attracting professionals skilled in oil and gas exploration and production. The company offers roles from geology to accounting.
What's promising
- •Strong focus on the prolific Permian Basin, a key oil production area.
- •Recent expansion in technical and operational roles indicates growth.
- •Emphasis on unconventional reserves suggests innovative exploration strategies.
What to watch
- •Oil and gas industry volatility can impact job stability.
- •Environmental regulations pose significant operational challenges.
- •Dependence on the Permian Basin may limit geographic diversification.
Why Diamondback Energy
- •Specializes in unconventional oil and gas reserves, setting it apart from traditional producers.
- •Significant investment in remote operations technology enhances efficiency.
- •Operates primarily in the Permian Basin, a major U.S. oil hub.
Aplyr’s read is generated by AI from public sources. Was it useful?
About Diamondback Energy
Diamondback Energy is an independent oil and natural gas company focused on the acquisition, development, exploration, and production of unconventional oil and natural gas reserves in the Permian Basin in West Texas.
