Revenue Reporting Supervisor

Job Title: Supervisor Accounting - Revenue Reporting

Department: Revenue Accounting

Summary: This position will supervise & develop personnel with high-level focus on lease revenue analytics, reporting and accruals.

Job Duties and Responsibilities:

• Supervise the daily activities and staff of the revenue reporting team to ensure deadlines are met
• Ensure compliance with applicable policies and review contracts to ensure that revenue is recorded in compliance with US GAAP
• Ensure all revenue-related policies and procedures are documented and followed and create workflow processes between team members
• Ensure compliance with Sarbanes Oxley and internal control processes and monitoring procedures
• Manage, coordinate, and review internal and external audit requests and follow-up; assist with reporting as assigned
• Provide input to strategic decisions that affect the numerous revenue streams
• Review revenue accruals for accuracy and compliance with contracts prior to posting into the Accounting Software
• Maintain a close working relationship with Production, Division Order, and Operational departments and communicate effectively to resolve any escalated issues that arise
• Review quarterly and year end reports for Financial Reporting & SEC teams
• Monitor and oversee the month end accruals and revenue reporting close processes
• Present monthly accrual vs actual PPA reports to various departments and upper management
• Assist with the preparation of monthly volumetric reporting
• Prepare monthly general ledger reconciliations, coordinate team analytics and assist in reconciling
• Review journal entries related to payouts, A&D activity, revenue reclass, etc.
• Identify, improve, create, and communicate areas for automation and process improvements to enhance efficiency in the revenue accrual processes
• Mentor, coach and develop team members along their career path and coordinate the training of new team members
• Supervise, direct, and review the work of team members, while addressing personnel issues and managing hiring needs
• Other responsibilities and reporting as assigned by management

Required Qualifications:

• Bachelor's degree in Accounting
• Minimum five (5+) years of Oil and Gas Accounting experience
• At least five (5+) years of demonstrated experience in Microsoft Office, (i.e. Excel, Word, PowerPoint, Outlook)
• Experience with SAP

Preferred Qualifications:

• Supervisory experience preferred

• Experience in a similar revenue reporting focused position
• Team-oriented individual

• Strong analytical, problem solving, and collaborative skills
• 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
• Flexible regarding workload and priorities
• Ability to multi-task in a fast-paced environment

Relocation:

This position is not eligible for relocation assistance.

Work Authorization:

Diamondback Energy is not currently sponsoring employment visas for this position.