Manager Accounting - Revenue Reporting

Diamondback International - Oklahoma City, OK

Full-time - Manager

Oklahoma City, OK

101-250 employees

Merchant Wholesalers, Durable Goods

About the position

The Manager of Accounting - Revenue Reporting at Diamondback will oversee and develop personnel with a strong focus on lease revenue analytics, reporting, and accruals. This role is crucial for ensuring compliance with accounting standards and internal controls while managing the revenue reporting team to meet deadlines and maintain accuracy in financial reporting.

Responsibilities

• Manage the daily activities and staff of the revenue reporting team to ensure deadlines are met
• Ensure compliance with applicable policies and review contracts to ensure that revenue is recorded in compliance with US GAAP
• Ensure all revenue-related policies and procedures are documented and followed
• Ensure compliance with Sarbanes Oxley and internal control processes and monitoring procedures
• Assist with internal and external audits and reporting assigned
• Monitor and oversee the month end accruals and revenue reporting close processes
• Manage, coordinate, and review internal and external audit requests and follow-up
• Assist with the preparation of monthly volumetric reporting
• Provide input to strategic decisions that affect the numerous revenue streams
• Review revenue accruals for accuracy and compliance with contracts prior to posting into the Accounting Software
• Maintain a close working relationship with Production, Division Order and Operational Departments
• Review quarterly and year end reports for Financial Reporting & SEC teams
• Present monthly accrual vs actual PPA reports to various departments and upper management
• Review journal entries related to payouts, A&D activity, revenue reclass, etc.
• Prepare monthly general ledger reconciliations, coordinate team analytics and assist in reconciling
• Communicate effectively to resolve any escalated issues arising from operations and/or requiring coordination with other departments
• Create workflow processes between team members
• Identify and communicate areas for automation and process improvements
• Create and/or improve revenue accrual processes to enhance efficiency
• Mentor, coach, and develop team members along their career path and coordinate the training of new team members
• Interview new potential team members and make hiring recommendations
• Prepare and conduct annual reviews for team members and address and resolve personnel issues as they occur
• Other responsibilities and reporting as assigned by management

Requirements

• Bachelor's degree in Accounting required
• Minimum ten (10+) years of Oil and Gas Accounting experience
• Five (5+) or more years of experience in progressive accounting leadership roles
• Experience with SAP
• At least ten (10+) years of demonstrated experience in Microsoft Office (i.e. Excel, Word, PowerPoint, Outlook)

Nice-to-haves

• Experience in a similar revenue reporting-focused position
• Team-focused individual
• Strong analytical skills
• Ability to suggest and implement process improvements to increase effectiveness while ensuring SOX compliance
• Communication skills to effectively work with all levels of an organization
• Flexibility to grow and adapt with company needs
• Ability to multi-task in a fast-paced environment

Benefits

• 401k with 2 for 1 match
• Great healthcare benefits
• Paid time off (PTO) based on time in industry rather than time with a company