Senior Revenue 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

Oil and Gas, EnergyIndustries

Requirements

Bachelor’s degree (BBA or BS) in Accounting
At least five (5+) years of experience in oil & gas accounting
Demonstrated experience in MS Excel, including skills creating and configuring VLOOKUPs, Pivot Tables, and Sum IF formulas
Familiar with revenue accounting and general accounting principles
Ability to analyze contracts with working knowledge of ASC 606 standards
Preferred Qualifications
At least five (5+) years of relevant revenue accounting experience
Examples of suggested and implemented process improvements to increase efficiency
Be flexible regarding daily work assignments and priorities
Excellent organizational and time management skills
Strong attention to detail with ability to quickly pick up on new concepts
Experience working within the PRA module of SAP

Responsibilities

Analyze monthly revenue data, including production and pricing data, for accrual and re-accrual processes
Prepare journal entries for operated and non-operated properties
Reconcile revenue accruals with actuals and investigate variances as part of PPA analysis
Communicate with other departments within the company to resolve outstanding items and ensure accurate revenue reporting
Prepare monthly account reconciliations as needed
Assist in the preparation of financial statements and disclosures related to revenue accruals
Assist other members of the Revenue Group, as needed
Meet all revenue distribution deadlines
Perform various ad hoc projects, as assigned

Skills

Key technologies and capabilities for this role

Oil and Gas AccountingRevenue AccrualsJournal EntriesPPA AnalysisAccount ReconciliationsFinancial ReportingMS ExcelVLOOKUPPivot TablesSUMIFASC 606Revenue Recognition

Questions & Answers

Common questions about this position

What qualifications are required for the Senior Revenue Accountant position?

A Bachelor’s degree in Accounting (BBA or BS) is required, along with at least five years of experience in oil & gas accounting, demonstrated MS Excel skills including VLOOKUPs, Pivot Tables, and Sum IF formulas, and familiarity with revenue accounting and general accounting principles.

What are the preferred qualifications for this role?

Preferred qualifications include at least five years of relevant revenue accounting experience, examples of process improvements for efficiency, flexibility in work assignments, excellent organizational and time management skills, strong attention to detail, and experience with the PRA module of SAP.

Is this position remote or does it require office presence?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What tips can help me stand out as a candidate?

Highlight at least five years of oil & gas accounting experience, especially revenue accounting, advanced Excel proficiency with VLOOKUPs, Pivot Tables, and Sum IF, knowledge of ASC 606, and examples of process improvements; experience with SAP PRA module is a plus.