E&P Assistant Controller

Diamondback E&P LLC
relocation assistance
United States, Oklahoma, Oklahoma City
Jan 27, 2025
CURRENT EMPLOYEES - Please apply using "Jobs Hub" in Workday. This career site is for external applicants only. The Assistant Controller is responsible for managing multiple functions across the accounting organization for the benefit of the company including operations accounting, revenue and general and administrative accounting. The Assistant Controller will be responsible for operationalizing strategies that directly influence the processes and functions within their area of responsibility. The Assistant Controller, in collaboration with the Operations Controller and the SVP of Accounting, is responsible for managing and maintaining the adequacy of the internal control environment. The Assistant Controller will participate in the annual external audit process for the company, working directly with the external audit firm and internal business process owners as necessary. The Assistant Controller will exhibit mastery level knowledge of accounting in conformity with generally accepted accounting standards and will serve as a principal spokesperson for the company on accounting matters as it relates to accounts payable, joint interest accounting and general administrative expenses. The Assistant Controller will work in collaboration with business owners across departments to negotiate and gain cooperation on critical objectives having significant, direct impact on internal stakeholders or that are directly associated with the company's risk management. The Assistant Controller will be engaged in establishing departmental strategy that is aligned with the company's strategies and objectives. The candidate must 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 the leaders of accounting functions, as well as a broad group of cross-functional business teams 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 and recommend solutions, while exercising good business judgment and risk management. This role also requires strong communication skills to effectively facilitate information flow between the business and Finance, and to lead discussions with executives. Effective time management and prioritization skills in managing multiple projects are essential to the success of this role. Job Duties & Responsibilities: Assist the Controller in overseeing the accounting department and managing daily operations, helping to oversee the accounting for corporate fixed assets, revenue, accounts payable, and joint venture and general and administrative costs Manage and monitor assigned accounts through reporting systems ensuring compliance with appropriate GAAP standards and SEC requirements including evaluating the impact of recent and proposed pronouncements Assist in the production of monthly financial statements in accordance with generally accepted accounting principles (GAAP) Oversee accounting duties related to month end close including the recording of accruals, estimates, and other closing entries as required Review/prepare footnotes and related disclosures for quarterly and annual financial statements included in the company's SEC filings Responsible for the development and documentation of accounting policies and procedures including periodic updates Help in the development and implementation of financial systems and processes to enhance efficiency 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 Ensure that the control architecture is an appropriate combination of specific, pervasive and monitoring controls adequately designed to manage the company's risk relating to the accuracy, completeness, and reliability of all financial information Build and maintain an appropriate team of professional accountants demonstrating the proficiency and technical skills required for proper accounting and reporting risks Participate in discussions with senior leaders for the purpose of recommending strategies associated with new strategic plans and directives Participate and lead external auditing processes Provide comprehensive financial updates to senior management by evaluating and analyzing appropriate data points through internal reporting Assist in earnings release process through preparation and analysis of support for investor relations as required, and review of financial information included in the earnings release Coordinate with technical accounting team and participate in quarterly disclosure meetings with senior management and external auditors Assist in disclosure reviews of peers and other SEC filers for reporting practices and improvement opportunities Participate in internal reporting systems implementations, including automation efforts and other improvements to the reporting process/efforts, to streamline processes for increased efficiency and effectiveness of group's reporting and financial analysis Provide the leadership and direction necessary to sustain the company's growth Foster and support the company culture Other duties as assigned Required Qualifications: Bachelors' degree in Accounting Minimum of ten (10+) years combined public accounting and industry accounting experience for an exploration and production company At least five (5+) years of experience in similar role Competence in oil and gas accounting, reporting, and processing concepts Advanced knowledge of internal controls principles and practices Strong knowledge and experience with technical accounting Strong communication and interpersonal skills Knowledge of oil and gas accounting systems Deep expertise in the following areas of accounting in accordance with generally accepted accounting principles (GAAP): Operational accounting including revenue, joint interest billing, accounts payable, general and administrative costs and property taxes General and administrative accounting including corporate fixed assets and depreciation Financial accounting and ability to analyze financial statements and provide insights to management regarding financial performance and trends Preferred Qualifications: CPA preferred but not required Ability to multi-task on competing and deadline sensitive priorities Strong time management and project management skills Strong analytical, problem-solving skills and collaborative skills Ability to lead and mentor staff Attention to detail Process oriented Relocation: This position is 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.