Accounting Manager - Acquisitions & Divestitures

Diamondback E&P LLC
relocation assistance
United States, Oklahoma, Oklahoma City
Mar 24, 2025
CURRENT EMPLOYEES - Please apply using "Jobs Hub" in Workday. This career site is for external applicants only. The Accounting Manager over Acquisitions and Divestitures will be responsible for policy development, planning and review of all accounting matters related to Acquisition and Divestiture activities, and Oil and Gas Full Cost Pool movement, ensuring that all activity is processed timely and accurately. The Accounting Manager will assist management with strategies that directly influence the processes and functions within their area and will maintain the adequacy of the internal control environment. Furthermore, the Accounting Manager will be responsible for coordinating efforts between accounting departments as it relates to Acquisitions and Divestitures. The Accounting Manager will exhibit an experienced level of knowledge within the functional area and serve as the principal spokesperson for the company as it relates to Acquisition and Divestiture accounting matters and the companies unproved properties. A successful candidate will have a proven record of leading and growing a high performing team through thoughtful leadership. Ideally, our candidate is comfortable and effective in a rapidly changing environment and will partner closely with other accounting function leaders, as well as a broad group of cross-functional business teams in order to provide guidance, and support well informed decisions. The individual must be a self-starter, fast learner and capable of taking full ownership of their areas of responsibility. They will be expected to anticipate and surface issues, solve problems, recommend and implement solutions, while exercising good business judgment and risk management. This role also requires strong communication skills to effectively facilitate information flow between the business areas, and to participate in discussion with peers and management. Effective time management and prioritization skills in managing multiple projects are essential to the success of this role. Job Duties and Responsibilities: Manage the accounting acquisition and divestiture group for Diamondback Energy, its subsidiaries and department employees Responsible for the development, documentation and adherence to company policies and procedures as it relates to their functional area Review of Reserve reports, depletion calculations and Full Cost ceiling tests Review of lease expirations and leasehold impairment and applicable journal entries Assist in the design, implementation, management, and maintenance of an appropriate system of internal controls to sustain the company's Sarbanes-Oxley Section 404 compliance Participate in the external audit process Provide comprehensive updates to senior management through monthly reports/meetings Assist in the development of employees assigned to the department Foster and support the company culture Duties within this group include, but are not limited to: The timely processing and proper recording of Acquisition and Divestiture activities in adherence to the Purchase and Sale agreements and generally accepted accounting principles Review of purchase and sale agreements and other documents The calculation and proper recording of asset movement between unproved and proved properties, in accordance with Full Cost accounting guidelines Preparation of schedules and analysis related to both A&D and Full Cost Pool activities Preparation and review of SEC disclosures as it relates to Acquisition and Divestitures, SMOG or Full Cost asset activities Required Qualifications: Bachelor's degree (BBA or BS) in accounting Five (5+) or more years of demonstrated leadership experience in progressive accounting roles At least five (5+) years of Oil and Gas accounting experience At least three (3+) years of experience with Acquisition and Divestiture accounting At least three (3+) years working knowledge of reserve reports Preferred Qualifications Ten (10+) years of relevant experience with an Oil and Gas company SAP and Blackline experience Prior supervisory/managing experience Strong time management and project management skills Ability to multi-task on competing and deadline sensitive priorities Strong analytical, problem solving and collaborative skills Process oriented with a strong attention to detail 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.