Joint Interest Accountant I

Diamondback E&P LLC
relocation assistance
United States, Texas, Midland
May 02, 2025
CURRENT EMPLOYEES - Please apply using "Jobs Hub" in Workday. This career site is for external applicants only. The Accountant I position for Joint Interest Accounting will require an individual who understands the principles of COPAS accounting. This individual will be responsible for reviewing and processing invoices from outside operators, researching properties, maintaining subsidiary ledgers, reconciling accounts, and performing ad hoc analyses. The job requires the ability to work with others, multi-task and meet deadlines as assigned. Job Duties and Responsibilities: Responsible for the accurate booking of inbound non-operated Joint Venture Billing into the financial system via EnergyLink and manual invoices Monitor existing cost centers, AFE's and working interests to ensure correct working interest exists and to incorporate operational changes Communicate with internal departments to ensure proper set up of new cost centers, AFEs and working interests Communicate timely and effectively with operators regarding missing information (AFE's, well details, etc) Review monthly operational charges in accordance with COPAS and the JOA's to ensure the Operator has not over expended and requiring Supplement/Revision to approved AFE Generate payables for both drilling and completion cash calls/AFE prepayment requests Reconciliation of non-operated accounts payable and AFE prepaid balances For non-operated accounts in netting: book gross JIBs and reconcile netted amounts Investigation, tracking, and clearing of JIB disputes in a timely manner Prepare reports for management related to outstanding balances and disputed items Monthly balance sheet account reconciliations as assigned Process journal entries for expense reclasses as necessary Perform operator account reconciliations Collaborate with multiple departments as necessary Other duties as assigned Required Qualifications: Bachelor's degree (BS) in Accounting Two (2+) years of demonstrated experience in Microsoft Office, specifically Excel Preferred Qualifications: Two (2+) years of accounting experience, preferably in Oil and Gas accounting SAP experience preferred High degree of accuracy and attention to detail Good problem solving and critical thinking skills Ability to operate both independently and as part of a team Flexible regarding workload and priorities Ability to pick up on new concepts quickly Effective communication skills within the organization and with outside parties Possess a positive and team-oriented attitude 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 aboutE-Verify.