Joint Interest Billing Supervisor

Job Title

The JIB Supervisor is responsible for developing processes and procedures related to the monthly joint interest billing processes ensuring timely and accurate processing of partner billings, cost allocations ensuring compliance with joint operating agreements, industry regulations and internal policies.

Job Duties and Responsibilities:

• Supervise and coordinate the activities of the JIB team for both operated and non-operated assets
• Train, mentor, and provide ongoing support to team members
• Assist in the design and documentation of procedures and controls as needed
• Collaborate with various teams to ensure master data, coding validation rules, AFE processes and allocation updates are established and maintained to support an efficient JIB process
• Ensure team compliance with internal controls and support internal, external and JV audits by providing documentation and responding to inquiries
• Oversee bill-out of Overhead including Drilling, Completion, Producing, Major Construction and Field Office Expense
• Assist with the monthly close process and ensure all JIB-related activities are completed accurately and on time
• Prepare monthly reporting and present to the accounting leadership team
• Monthly review of unbilled JIB suspense items for charges that can be transferred to the joint account
• Review journal entries for recurring entries and corrections
• Responsible for maintaining monthly close check list and the completion thereof
• Review monthly reconciliations, as assigned
• Assist with software implementations and upgrades
• Other tasks and projects, as assigned

Required Qualifications:

• Bachelor's degree (BBA or BS) in Accounting, Finance, Business Administration or related fields.
• Minimum of five (5+) of experience in oil and gas accounting, with at least three (3+) years focused on accounts payable and joint interest billing
• Minimum of five (5+) years of experience leading teams
• Demonstrated experience in MS Excel, including skills creating and configuring VLOOKUPs, Pivot Tables, and Sum IF formulas

Preferred Qualifications:

• Preferred ten (10+) years of experience in oil and gas accounting
• Bachelor's Degree in Accounting preferred
• Strong understanding of COPAS guidelines, oil and gas accounting principles, including cost allocations
• Experience with SAP and Energylink
• Ability to work collaboratively with cross-functional teams, partners and auditors
• Attention to detail with ability to multi-task, prioritize workload, work independently, and maintain organized files
• Examples of suggested and implemented process improvements to increase efficiency
• Exceptional analytical skills with the ability to interpret complex financial data
• Ability to thrive in a dynamic and fast-paced environment
• Flexibility regarding daily work assignments and priorities
• Excellent organizational and time management skills
• Strong attention to detail with ability to quickly pick up on new concepts

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.

Important Notice: Protect Yourself from Recruiting Scams At Diamondback Energy, we are committed to providing a secure and transparent recruitment process. Unfortunately, there have been reports of fraudulent individuals posing as our recruiters in an attempt to deceive job seekers by postings on third-party websites. Please be cautious of the following: Job Postings and Official Communications: All legitimate job postings are listed on the "Careers" page of our website and all communications from our recruitment team will come from an official Diamondback Energy email address, @diamondbackenergy.com. No Upfront Payments: We will never ask candidates to pay any money for job applications, interviews, or other related expenses. Interviews: All interviews will be conducted through recognized platforms, either via video call or in person. We will not request personal information over the phone or through unofficial channels. Job Offers: Official job offers from Diamondback Energy will be made through a formal offer letter via the candidate's personal Workday candidate account and will not require immediate actions, such as payment or sharing sensitive personal information. If you believe you have encountered a scam or suspicious activity related to Diamondback Energy, please report it immediately to our HR department at hr@diamondbackenergy. In addition, you may file a complaint with the appropriate authorities: Federal Trade Commission at https://reportfraud.ftc.gov/ FBI Internet Crime Complaint Center at https://ic3.gov Always verify any information you receive through our official channels.