What are the responsibilities and job description for the Manager Revenue - Royalty Division position at Diamondback E&P LLC?
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This position will be a key role within the Company's accounting department specific to our royalty division and will have responsibilities for revenue accounting functions. This role is an active participant and management role in the day-to-day revenue accounting of the organization. The ideal candidate will be a self-starter capable of working independently with good decision-making skills. Must be knowledgeable in various aspects of oil and gas non-operated revenue accounting and capable of interacting with individuals throughout the organization. The Revenue Accounting Manager reports to the Corporate Accounting Manager and will oversee the revenue department.Job Duties and Responsibilities:
- Responsible for overseeing monthly revenue processing and reporting
- Accurately record and recognize revenues in accordance with established accounting principles US GAAP and internal policies. Ensure that transactions reflect the actual production, sales, and contractual terms for oil, gas, and related products
- Ensure all revenue-related policies and procedures are documented and followed
- Ensure compliance with Sarbanes Oxley and internal control processes and monitoring procedures
- Collect, validate, and analyze large volumes of production, sales, and pricing data
- Act as point of contact with internal and external auditors
- Responsible for the month end accruals and revenue reporting close processes
- Monitor and assist with reporting and collection of missing revenue. Responsible for the preparation of monthly volumetric reporting
- Maintain a close working relationship with Production, Land and Reservoir departments
- Prepare schedules and footnotes for annual and quarterly SEC filings
- Lead all efforts as it relates to integration of revenue for acquisitions and divestitures
- Present monthly accrual vs actual reports to various departments and upper management
- Review monthly general ledger reconciliations
- Identify and communicate areas for process improvements including automation and inter/intra departmental workflows
- Mentor, coach, and develop team members along their career path and coordinate the training of new team members
- Other responsibilities and reporting as assigned by management
Qualifications:
- Bachelor's degree in Accounting required
- Minimum ten (8 ) years of experience in oil & gas with knowledge of revenue and general ledger accounting, especially non-operated revenue accounting
- Five (5 ) or more years of experience in similar role
- Working knowledge of the various departmental activities in an oil and gas company (predominately the land department) and their interface/integration with accounting
- Experience with revenue accrual concepts
- Experience with month end, quarterly and annual closing procedures
- Proven ability to build and maintain positive and effective relationships across teams and various levels in the organization, including management, colleagues, and auditors
- Ability to work in a fast-paced and changing environment
- Experience with SAP
- Strong analytical skills
- Experience in workflow optimization, implementation of automation solutions, and adoption of new reporting technologies
- Ability to suggest and implement process improvements to increase effectiveness while ensuring SOX compliance
- Communication skills to effectively work with all levels of an organization
- Flexibility to grow and adapt with company needs
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 aboutE-Verify.
