Diamondback Energy - Oklahoma City, OK
posted 4 months ago
The Manager of Accounting - Revenue Reporting position is a critical role within the organization, focusing on the management and development of personnel dedicated to lease revenue analytics, reporting, and accruals. This position requires a high-level understanding of revenue reporting processes and compliance with applicable accounting standards, particularly US GAAP. The manager will oversee the daily activities of the revenue reporting team, ensuring that all deadlines are met and that the team operates efficiently and effectively. In this role, the manager will be responsible for ensuring compliance with Sarbanes Oxley regulations and internal control processes. This includes reviewing contracts to ensure that revenue is recorded accurately and in accordance with established policies. The manager will also assist with both internal and external audits, providing necessary documentation and support as required. A significant part of the role involves monitoring and overseeing the month-end accruals and revenue reporting close processes, ensuring that all financial data is accurate and timely. The manager will play a key role in strategic decision-making, providing insights that affect various revenue streams. This includes preparing monthly volumetric reporting and reviewing revenue accruals for accuracy before they are posted into the accounting software. The position requires maintaining close working relationships with various departments, including Production, Division Order, and Operational Departments, to ensure seamless communication and collaboration. Additionally, the manager will be responsible for mentoring and developing team members, conducting annual reviews, and addressing personnel issues as they arise. The role also involves creating and improving workflow processes, identifying areas for automation, and implementing process improvements to enhance efficiency within the team. Overall, this position is essential for ensuring that the revenue reporting function operates smoothly and in compliance with all regulatory requirements.