What are the responsibilities and job description for the Joint Interest Accounting Team Lead position at Diamondback E&P LLC?
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.
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 aboutE-Verify.