Financial Accounting Manager - Viper at Diamondback Energy

Oklahoma City, Oklahoma, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Oil & Gas, EnergyIndustries

Requirements

Bachelor's degree in accounting
Five (5+) or more years of experience in progressive accounting and financial reporting leadership roles
Five (5+) years of experience in the Oil and Gas Industry
At least three (3+) years of experience in public accounting
Strong knowledge of US GAAP, SEC rules and regulations, and internal controls
Ability to effectively prioritize work, establish and execute plans to meet tight deadlines, multi-task, and work under pressure with strong attention to details
Experience in analyzing business performance and developing financial reporting systems within a multi-entity environment

Responsibilities

Oversee the daily activities required to maintain the company’s general ledger for both Corporate and A&D accounting
Supervise, direct, and review the work of accounting staff
Review consolidated financial statements (Balance Sheet, Income Statement and Statement of Unitholders’ Equity, Statement of Cash Flows) including guarantor financial statements
Review of quarterly and annual SEC filings for accuracy and completeness of financial data
Review monthly elimination and consolidation entries for financial statements including ASC 810 evaluation
Provide clear and concise analysis of financial results and key financial measurements driving the business' results, including explanations of variances between plan, prior periods, and forecasts
Review processes for Acquisitions and Divestitures to ensure proper and consistent accounting treatment as well as consistency in the closing/post-closing for transactions
Responsible for documenting ASC 805 determinations for all upstream transactions including preparation of significance test and communicating reporting requirements to management
Accountable for detailed trial balance review including flux analysis and variance explanations
Monitor/review monthly account reconciliations; ensure normal balances
Manage, monitor and work to improve accounting procedures, internal controls and database management ensuring compliance Sarbanes Oxley
Audits workflow to ensure that all accounting transactions are processed accurately and in compliance with industry standards
Oversee the coordination year-end audit with external auditors and assist in the preparation and review of audit schedules, data, and information
Recommend policy and process improvements within the accounting department
Complete special projects/reports timely and accurately as requested by management
Other duties as assigned

Skills

Key technologies and capabilities for this role

General LedgerFinancial StatementsSEC FilingsConsolidation EntriesASC 810ASC 805SOX ComplianceAccount ReconciliationsFlux AnalysisTrial Balance ReviewAuditsAcquisitions AccountingDivestitures Accounting

Questions & Answers

Common questions about this position

What qualifications are required for the Financial Accounting Manager role?

Candidates need a Bachelor's degree in accounting, five or more years of experience in progressive accounting and financial reporting leadership roles, five or more years in the Oil and Gas Industry, at least three years in public accounting, strong knowledge of US GAAP, SEC rules and regulations, and internal controls, plus the ability to prioritize work, meet deadlines, multi-task, and work under pressure with attention to detail.

What is the salary for this position?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What does the team structure look like for this role?

The Accounting Manager reports to the Controller group and is responsible for the day-to-day management of the financial accounting group, including supervising, directing, and reviewing the work of accounting staff.

What makes a strong candidate for this Financial Accounting Manager position?

A strong candidate will have extensive Oil and Gas industry experience, public accounting background, leadership in financial reporting, and expertise in US GAAP, SEC regulations, and internal controls, along with the ability to manage teams, analyze variances, and handle SEC filings under tight deadlines.