Senior Joint Interest Accountant
Diamondback Energy · Oklahoma City, OK · 1 wk ago
AccountingFull-time
Job Duties And Responsibilities
- Prepare, review, and record monthly company labor billings in accordance with applicable Joint Operating Agreements (JOAs) and COPAS accounting procedures
- Collaborate with Operations, HR, and Payroll teams to obtain and validate labor data inputs, including employee classifications, time allocations, and rate changes
- Prepare and process monthly JIB billings for operated properties in accordance with COPAS guidelines and joint operating agreements
- Review billings for accuracy, completeness, proper cost allocation, and correct SAP cost coding
- Research and resolve billing exceptions, partner inquiries, and audit requests in a timely manner
- Prepare monthly balance sheet reconciliations and ensure accurate, timely journal entries
- Support internal and external audits by providing documentation and ensuring SOX and COPAS compliance
- Identify and implement process improvements, automation opportunities, and support SAP JIB/JVA enhancements/testing
- Maintain process documentation and collaborate effectively with internal teams and external partners
Required Qualifications
- Bachelor's degree in Accounting, Finance or related field
- Five (5) years of Oil and Gas accounting experience
- Five (5) or more years of demonstrated experience in Microsoft Office, specifically Excel
- Strong knowledge of Joint Interest Billing processes and COPAS guidelines
Preferred Qualifications
- SAP experience preferred
- A high degree of accuracy and attention to detail
- Strong analytical, problem-solving, and critical thinking skills
- The ability to operate both independently and as part of a team
- An eye for continuous improvement opportunities
- Effective communication skills to work with all levels of the organization
- A positive and team-oriented attitude