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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 costsManage and monitor assigned accounts through reporting systems ensuring compliance with appropriate GAAP standards and SEC requirements including evaluating the impact of recent and proposed pronouncementsAssist 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 requiredReview/prepare footnotes and related disclosures for quarterly and annual financial statements included in the company’s SEC filingsResponsible for the development and documentation of accounting policies and procedures including periodic updatesHelp in the development and implementation of financial systems and processes to enhance efficiencyAssist in the design, implementation, management and maintenance of an appropriate system of internal controls to sustain the company’s Sarbanes-Oxley Section 404 complianceEnsure 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 informationBuild and maintain an appropriate team of professional accountants demonstrating the proficiency and technical skills required for proper accounting and reporting risksParticipate in discussions with senior leaders for the purpose of recommending strategies associated with new strategic plans and directivesParticipate and lead external auditing processesProvide comprehensive financial updates to senior management by evaluating and analyzing appropriate data points through internal reportingAssist in earnings release process through preparation and analysis of support for investor relations as required, and review of financial information included in the earnings releaseCoordinate with technical accounting team and participate in quarterly disclosure meetings with senior management and external auditorsAssist in disclosure reviews of peers and other SEC filers for reporting practices and improvement opportunitiesParticipate 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 analysisProvide the leadership and direction necessary to sustain the company’s growthFoster and support the company cultureOther duties as assigned

Required Qualifications:

Bachelors’ degree in AccountingMinimum of ten (10+) years combined public accounting and industry accounting experience for an exploration and production companyAt least five (5+) years of experience in similar roleCompetence in oil and gas accounting, reporting, and processing conceptsAdvanced knowledge of internal controls principles and practicesStrong knowledge and experience with technical accountingStrong communication and interpersonal skillsKnowledge of oil and gas accounting systemsDeep 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 taxesGeneral and administrative accounting including corporate fixed assets and depreciationFinancial accounting and ability to analyze financial statements and provide insights to management regarding financial performance and trends

Preferred Qualifications:

CPA preferred but not requiredAbility to multi-task on competing and deadline sensitive prioritiesStrong time management and project management skillsStrong analytical, problem-solving skills and collaborative skillsAbility to lead and mentor staffAttention to detailProcess 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 about E-Verify.