Joint Interest Billing Supervisor

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The JIB Supervisor is responsible for developing processes and procedures related to the monthly joint interest billing processes ensuring timely and accurate processing of partner billings, cost allocations ensuring compliance with joint operating agreements, industry regulations and internal policies. The ideal candidate works well in a fast-paced organization, will bring a growth mindset, strong problem-solving skills, and a deep understanding of oil and gas accounting practices.

Job Duties And Responsibilities

- Supervise and coordinate the activities of the JIB team for both operated and non-operated assets

- Train, mentor, and provide ongoing support to team members

- Assist in the design and documentation of procedures and controls as needed

- Collaborate with various teams to ensure master data, coding validation rules, AFE processes and allocation updates are established and maintained to support an efficient JIB process

- Ensure team compliance with internal controls and support internal, external and JV audits by providing documentation and responding to inquiries

- Oversee bill-out of Overhead including Drilling, Completion, Producing, Major Construction and Field Office Expense

- Assist with the monthly close process and ensure all JIB-related activities are completed accurately and on time

- Prepare monthly reporting and present to the accounting leadership team

- Monthly review of unbilled JIB suspense items for charges that can be transferred to the joint account

- Review journal entries for recurring entries and corrections

- Responsible for maintaining monthly close check list and the completion thereof

- Review monthly reconciliations, as assigned

- Assist with software implementations and upgrades

- Other tasks and projects, as assigned

Required Qualifications

- Bachelor’s degree (BBA or BS) in Accounting or related field

- Minimum of five (5+) of experience in oil and gas accounting, with at least three (3+) years focused on accounts payable and joint interest billing - Minimum of five (5+) years of experience leading teams - Demonstrated experience in MS Excel, including skills creating and configuring VLOOKUPs, Pivot Tables, and Sum IF formulas

Preferred Qualifications

- Preferred ten (10+) years of experience in oil and gas accounting

- Strong understanding of COPAS guidelines, oil and gas accounting principles, including cost allocations

- Experience with SAP and Energylink

- Ability to work collaboratively with cross-functional teams, partners and auditors

- Attention to detail with ability to multi-task, prioritize workload, work independently, and maintain organized files

- Examples of suggested and implemented process improvements to increase efficiency

- Exceptional analytical skills with the ability to interpret complex financial data

- Ability to thrive in a dynamic and fast-paced environment

- Flexibility 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.