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Revenue Reporting Supervisor
4 weeks ago
Job Title: Supervisor Accounting - Revenue Reporting
Department: Revenue Accounting
Summary: This position will supervise & develop personnel with high-level focus on lease revenue analytics, reporting and accruals.
Job Duties and Responsibilities:
* Supervise 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 and create workflow processes between team members
* Ensure compliance with Sarbanes Oxley and internal control processes and monitoring procedures
* Manage, coordinate, and review internal and external audit requests and follow-up; assist with reporting as assigned
* 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 and communicate effectively to resolve any escalated issues that arise
* Review quarterly and year end reports for Financial Reporting & SEC teams
* Monitor and oversee the month end accruals and revenue reporting close processes
* Present monthly accrual vs actual PPA reports to various departments and upper management
* Assist with the preparation of monthly volumetric reporting
* Prepare monthly general ledger reconciliations, coordinate team analytics and assist in reconciling
* Review journal entries related to payouts, A&D activity, revenue reclass, etc.
* Identify, improve, create, and communicate areas for automation and process improvements to enhance efficiency in the revenue accrual processes
* Mentor, coach and develop team members along their career path and coordinate the training of new team members
* Supervise, direct, and review the work of team members, while addressing personnel issues and managing hiring needs
* Other responsibilities and reporting as assigned by management
Required Qualifications:
* Bachelor's degree in Accounting
* Minimum five (5+) years of Oil and Gas Accounting experience
* At least five (5+) years of demonstrated experience in Microsoft Office, (i.e. Excel, Word, PowerPoint, Outlook)
* Experience with SAP
Preferred Qualifications:
* Supervisory experience preferred
* Experience in a similar revenue reporting focused position
* Team-oriented individual
* Strong analytical, problem solving, and collaborative 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
* Flexible regarding workload and priorities
* Ability to multi-task in a fast-paced environment
Relocation:
This position is not eligible for relocation assistance.
Work Authorization:
Diamondback Energy is not currently sponsoring employment visas for this position.
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