Diamondback Hiring for Manager Accounting – Indirect Tax and Regulatory Accounting at   Oklahoma City, OK Full Time

Description

Summary: The Accounting Manager for Indirect Tax and Accounting Regulatory will be responsible for tax strategy, regulatory compliance and operations, including process and policy development, planning and modeling as it relates to ad valorem tax, sales & use tax, severance tax, 1099 reporting, oil & gas regulatory items and other areas as may become necessary. The Accounting Manager will be responsible for helping with operational strategies that directly influence the processes and functions within their area of responsibility and will manage and maintain the adequacy of the internal control environment. The Accounting Manager will work directly with and manage the work of external consultants related to indirect taxes and regulatory. Furthermore, the Accounting Manager will participate in the external audit process, working with the external audit firm and internal business process owners as necessary. The Accounting Manager will exhibit an experienced level of knowledge within the functional area and serve as a principal spokesperson for the company as it relates to indirect taxes and regulatory matters.
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 the leaders of accounting functions, 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 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 areas as well as with consultants, and to participate in discussion with executives. Effective time management and prioritization skills in managing multiple projects are essential to the success of this role.
Job Duties and Responsibilities:

• Manage the indirect tax and accounting regulatory 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 the indirect tax and accounting regulatory department
• As it relates to the department, 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
• As it relates to the department, provide comprehensive updates to senior management
• Manage the work of consultants assisting with indirect tax and accounting regulatory matters
• 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 calculation and submission of monthly Royalty payments to University Lands, Texas GLO & ONRR for all products
• Create/submit appropriate monthly reports to University Lands, Texas GLO & ONRR electronically
• The compilation, review, and timely filing of IRS 1099 forms
• The timely filing and payment of production/severance reports, ad valorem taxes and sales and use tax for various state regulatory agencies
• Create/submit appropriate reports to tax authorities as required
• Record monthly accruals related to severance, ad valorem and sales and use taxes
• Resolve outstanding issues regarding accounting regulatory and indirect tax matters
• Appropriate and timely reporting of indirect taxes within the company’s financial statements

Required Qualifications:

• Bachelor’s degree in Accounting, Finance, Business Administration or a similar discipline
• Minimum of eight (8) years of experience in accounting for an upstream oil and gas company with at least five (5) of those being in the indirect tax and accounting regulatory function
• Five (5) or more years of experience in progressive accounting or tax leadership roles
• Experience working within the PRA module of SAP
• Strong working knowledge of revenue accounting, production, and general accounting principles

Preferred Qualifications:

• CPA preferred
• Minimum of ten (10) years of relevant experience with an Oil and Gas upstream company preferred
• 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 eligible for relocation assistance.
Work Authorization:
Diamondback Energy is not currently sponsoring employment visas for this position.

Job Type: Full-time

Posted on :
Wed, 04 Aug 2021 08:18:08 GMT