Senior Real Estate Accountant 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

Energy, Real EstateIndustries

Requirements

Bachelor's degree (BBA or BS) in Accounting, Finance, or related field
Minimum of five (5) years of accounting experience with at least three (3) years of specific Real Estate Accounting experience
Familiarity with lease accounting standards
Ability to work independently with a high degree of accuracy and attention to detail
Excellent problem solving and critical thinking skills
Five (5) or more years of demonstrated experience in Microsoft Office, specifically Excel
Preferred Qualifications
SAP experience
CPA or CPA candidate
Automation experience utilizing software tools such as Spotfire, SQL, Snowflake, etc
Strong understanding of oil and gas accounting concepts and principles, in accordance with GAAP
Eye for continuous improvement opportunities
Flexible regarding workload and priorities
Effective communication skills to work with all levels of the organization
Possess a positive and team-oriented attitude

Responsibilities

Prepare and analyze monthly journal entries, as well as all aspects of financial reporting for real estate holdings and lease obligations
Maintain accurate records of lease agreements, rent schedules, and property-related expenses
Review and analyze CAM activity and reconciliations to ensure proper treatment and accurate billing to tenants
Coordinate with operations teams to ensure timely invoicing and reconciliation of tenant accounts
Support budgeting and forecasting processes for real estate assets
Ensure compliance with lease terms and accounting standards
Assist in the preparation of journal entries, account reconciliations, and variance analyses
Collaborate with internal and external teams to resolve discrepancies and improve reporting accuracy
Participate in audits and provide documentation related to real estate transactions
Support automation and process improvement initiatives related to assigned tasks
Provide support and advice to other team members on complex issues or projects

Skills

Key technologies and capabilities for this role

Real Estate AccountingGAAPLease AccountingJournal EntriesFinancial ReportingAccount ReconciliationsVariance AnalysisBudgetingForecastingAuditsCAM Reconciliation

Questions & Answers

Common questions about this position

What qualifications are required for the Senior Real Estate Accountant position?

A Bachelor's degree in Accounting, Finance, or related field is required, along with a minimum of five years of accounting experience including at least three years in Real Estate Accounting, familiarity with lease accounting standards, and five or more years of experience in Microsoft Excel.

What are the preferred qualifications for this role?

Preferred qualifications include SAP experience, CPA or CPA candidate status, automation experience with tools like Spotfire, SQL, or Snowflake, strong understanding of oil and gas accounting under GAAP, and effective communication skills with a team-oriented attitude.

What is the salary or compensation for this position?

This information is not specified in the job description.

Is this a remote position, or is there a location requirement?

This information is not specified in the job description.

What does the company culture or team environment look like?

The role emphasizes collaboration across departments like Operations, Accounting, and Legal, with a preference for a positive, team-oriented attitude, effective communication at all levels, and an eye for continuous improvement.