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The Operations Accounting Supervisor is responsible for capital expenditures (Capex) and lease operating expenses (LOE) accruals and reporting, as well as the creation and maintenance of AFEs with project services. The Supervisor will be responsible for guiding and directing work to analyze and report trend analysis and actual results. Excellent communication skills and the ability to report timely and accurately are a necessity in this role. As a highly visible, operations-facing leader, the Supervisor partners cross-functionally with Operations, IT, and other accounting teams, bringing strong oil and gas experience, technical expertise, and a continuous improvement mindset focused on automation, standardization, and a building high-performing team.

Job Duties and Responsibilities:

Lead, coach, and develop team members, fostering accountability and career growth
Review and post capital and LOE accrual entries, as well as associated balance sheet reconciliations for reasonableness and accuracy, including review of flux and activity analysis
Ensure accurate and timely recording of financial transactions in accordance with established accounting standards and company policies
Assist with the preparation of monthly reporting presentations to operations and accounting leadership
Provide analysis on Capex/LOE and guidance on appropriate accounting treatment to Operations teams and others within accounting, utilizing general understanding of oil and gas accounting concepts
Oversee variance analysis for monthly Capex and LOE accruals and forecasts to assist in the improvement of overall business performance and operational decisions
Effectively communicate complex oil and gas accounting concepts to cross-organizational teams
Recommend/implement process improvements to create efficiencies for the business and incorporate streamlining and automation where effective
Build team capability through cross-training, delegation, and process clarity to reduce key-person risk
Act as subject matter expert for AFE guidance across operational and organizational questions
Collaborate with others in accounting and across the organization for projects, as needed
Provide support and advice to other team members on complex issues or projects
Other duties or ad hoc projects, analysis or reviews as needed or requested

Required Qualifications:

Bachelor's degree (BBA or BS) in Accounting

Minimum of five (5+) years of experience in accounting for an upstream oil and gas company
Three (3+) or more years of experience in progressive accounting or tax leadership roles
Strong working knowledge of oil and gas accounting and general accounting principles
Strong time management and project management skills
Strong analytical, problem solving, and collaborative skills
Ability to multi-task in a fast-paced environment
Familiarity with internal controls, principles, and practices

Preferred Qualifications:

SAP or large ERP experience preferred
High degree of accuracy and attention to detail
Automation experience utilizing software tools such as Spotfire, SQL, Snowflake, etc.
CPA certification

Relocation:

This position is not eligible for relocation assistance.

Work Authorization:

Diamondback Energy is not currently sponsoring employment visas for this position.

Diamondback is an Equal Employment Opportunity Employer. Diamondback provides equal employment opportunities to all qualified applicants without regard to race, sex, sexual orientation, gender identity, national origin, color, age, religion, veteran or disability status, genetic information, pregnancy, or any other status protected by law. Diamondback participates in E-Verify. Learn more about E-Verify.

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