Diamondback Energy

Manager Accounting - Acquisitions & Divestitures

Manager Accounting - Acquisitions & Divestitures
Notice info
LocationOklahoma City, OK
Job Typefull time
On-site
Oil and Gas

About This Job

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

The Accounting Manager over Acquisitions and Divestitures will be responsible for policy development, planning and review of all accounting matters related to Acquisition and Divestiture activities, and Oil and Gas Full Cost Pool movement, ensuring that all activity is processed timely and accurately. The Accounting Manager will assist management with strategies that directly influence the processes and functions within their area and will maintain the adequacy of the internal control environment. Furthermore, the Accounting Manager will be responsible for coordinating efforts between accounting departments as it relates to Acquisitions and Divestitures. The Accounting Manager will exhibit an experienced level of knowledge within the functional area and serve as the principal spokesperson for the company as it relates to Acquisition and Divestiture accounting matters and the companies unproved properties.

A successful candidate will have a proven record of leading and growing a high performing team through thoughtful leadership. Ideally, our candidate is comfortable and effective in a rapidly changing environment and will partner closely with other accounting function leaders, as well as a broad group of cross-functional business teams in order to provide guidance, and support well informed decisions. The individual must be a self-starter, fast learner and capable of taking full ownership of their areas of responsibility. They will be expected to anticipate and surface issues, solve problems, recommend and implement solutions, while exercising good business judgment and risk management. This role also requires strong communication skills to effectively facilitate information flow between the business areas, and to participate in discussion with peers and management. Effective time management and prioritization skills in managing multiple projects are essential to the success of this role.

Job Duties And Responsibilities

Manage the accounting acquisition and divestiture group for Diamondback Energy, its subsidiaries and department employees
Responsible for the development, documentation and adherence to company policies and procedures as it relates to their functional area
Review of Reserve reports, depletion calculations and Full Cost ceiling tests
Review of lease expirations and leasehold impairment and applicable journal entries
Assist in the design, implementation, management, and maintenance of an appropriate system of internal controls to sustain the company’s Sarbanes-Oxley Section 404 compliance
Participate in the external audit process
Provide comprehensive updates to senior management through monthly reports/meetings
Assist in the development of employees assigned to the department
Foster and support the company culture
Duties within this group include, but are not limited to:

+ The timely processing and proper recording of Acquisition and Divestiture activities in adherence to the Purchase and Sale agreements and generally accepted accounting principles + Review of purchase and sale agreements and other documents + The calculation and proper recording of asset movement between unproved and proved properties, in accordance with Full Cost accounting guidelines + Preparation of schedules and analysis related to both A&D and Full Cost Pool activities + Preparation and review of SEC disclosures as it relates to Acquisition and Divestitures, SMOG or Full Cost asset activities


Required Qualifications

Bachelor’s degree (BBA or BS) in accounting
Five (5+) or more years of demonstrated leadership experience in progressive accounting roles
At least five (5+) years of Oil and Gas accounting experience
At least three (3+) years of experience with Acquisition and Divestiture accounting
At least three (3+) years working knowledge of reserve reports


Preferred Qualifications

Ten (10+) years of relevant experience with an Oil and Gas company
SAP and Blackline experience
Prior supervisory/managing experience
Strong time management and project management skills
Ability to multi-task on competing and deadline sensitive priorities
Strong analytical, problem solving and collaborative skills
Process oriented with a strong attention to detail

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.

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