Joint Interest Billing Supervisor at Diamondback Energy

Oklahoma City, Oklahoma, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Oil and Gas, EnergyIndustries

Requirements

Bachelor’s degree (BBA or BS) in Accounting or related field
Minimum of five (5+) years 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

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

Skills

Key technologies and capabilities for this role

Joint Interest BillingOil and Gas AccountingJIB ProcessesCost AllocationsJoint Operating AgreementsTeam SupervisionTraining and MentoringInternal ControlsAuditsMonthly CloseJournal EntriesReconciliationsAFE ProcessesOverhead Billing

Questions & Answers

Common questions about this position

What qualifications are required for the Joint Interest Billing Supervisor role?

A Bachelor’s degree in Accounting or related field is required, along with minimum five years of experience in oil and gas accounting (with at least three years focused on accounts payable and joint interest billing) and five years of experience leading teams. Proficiency in MS Excel, including VLOOKUPs, Pivot Tables, and Sum IF formulas, is also required.

What are the preferred qualifications for this position?

Preferred qualifications include ten or more years of experience in oil and gas accounting, strong understanding of COPAS guidelines and cost allocations, experience with SAP and Energylink, and skills like collaboration, attention to detail, analytical abilities, and thriving in a fast-paced environment.

What is the salary or compensation for this role?

This information is not specified in the job description.

Is this a remote position, or what is the work location?

This information is not specified in the job description.

What does the company culture or work environment look like for this role?

The role is in a fast-paced organization requiring a growth mindset, strong problem-solving skills, and the ability to thrive in a dynamic environment while working collaboratively with cross-functional teams.