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Accounts Receivable Analyst

CURRENT EMPLOYEES - Please apply using "Jobs Hub" in Workday. This career site is for external applicants only.

The Accounts Receivable Analyst will be responsible for monitoring customer balances to ensure timely payments, working with multiple teams inside the organization to clear discrepancies and assisting owner relations in owner inquiries. They will also be responsible for processing journal entries and account analysis. This person will assist with monthly reporting and analysis for the executive accounting team. This position requires strong attention to detail and research skills, as well as effective communication and the ability to pick up new concepts quickly.


 

Job Duties and Responsibilities:

  • Responsible for the accurate booking of inbound deposits
  • Review JIB account balances monthly to determine collectability and follow-up on non-payments, delayed payments, and other irregularities
  • Work closely with internal departments to research owner inquiries
  • Communicate timely and effectively with working interest owners to clear billing discrepancies
  • Assist owner relations team with JIB related inquiries
  • Responsible for accurate and timely billing of third-party invoices
  • Prepare reports for management related to outstanding balances and disputed items
  • Monthly balance sheet account reconciliations as assigned
  • Process journal entries for expense reclasses as necessary
  • Perform owner account analysis
  • Investigate and understand unusual transactions
  • Assist with monthly reporting and analysis
  • Other duties, projects, analysis or reviews as needed or requested

Required Qualifications:

  • Bachelor's Degree in accounting, finance, or related field
  • At least one (1+) year Oil & Gas accounting experience
  • At least one (1+) year of demonstrated experience in Microsoft Office, specifically Excel
  • Strong working knowledge of joint interest accounting and general accounting principles

Preferred Qualifications:

  • BS in Accounting preferred
  • SAP experience preferred
  • High degree of accuracy and attention to detail 
  • Good problem solving and critical thinking skills 
  • Ability to operate both independently and as part of a team  
  • Flexible regarding workload and priorities  
  • Ability to pick up on new concepts quickly  
  • Eye for continuous improvement opportunities
  • Effective communication skills within the organization and with outside parties
  • Possess a positive and team-oriented attitude

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 about E-Verify.

Average salary estimate

$60000 / YEARLY (est.)
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$50000K
$70000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Accounts Receivable Analyst, Diamondback Energy

Join Diamondback Energy as an Accounts Receivable Analyst in beautiful Oklahoma City, OK! In this dynamic position, you will play a vital role in ensuring that customer balances are monitored and managed effectively, which means timely payments and a smooth workflow for everyone. You’ll collaborate with various teams within the organization to resolve any discrepancies and support owner relations with their inquiries, making you a key player in our financial team. Your daily tasks will include processing journal entries, performing account analysis, and contributing to monthly reporting and analysis for our executive accounting team. We're looking for someone with a keen eye for detail, strong research skills, and fantastic communication abilities. It’s crucial that you can quickly learn and adapt to new concepts, so if you thrive in a fast-paced environment and love solving problems, this could be the perfect job for you! The role encompasses a range of responsibilities, such as accurately booking inbound deposits, managing JIB account balances, and preparing insightful reports for management. With your solid grounding in accounting or finance and at least a year of relevant experience in the Oil & Gas industry, you’ll bring valuable knowledge to our team. Ready to take the next step in your career? Apply now and help us continue pushing boundaries at Diamondback Energy!

Frequently Asked Questions (FAQs) for Accounts Receivable Analyst Role at Diamondback Energy
What are the responsibilities of an Accounts Receivable Analyst at Diamondback Energy?

As an Accounts Receivable Analyst at Diamondback Energy, you'll be responsible for monitoring customer balances to ensure timely payments, reviewing account balances for collectability, and communicating with owner relations to clear billing discrepancies. You'll also process journal entries, assist with monthly reporting, and carry out monthly account reconciliations while collaborating closely with various internal departments.

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What qualifications do I need for the Accounts Receivable Analyst position at Diamondback Energy?

To qualify for the Accounts Receivable Analyst role at Diamondback Energy, you should have a Bachelor's Degree in accounting, finance, or a related field. Additionally, a minimum of one year of Oil & Gas accounting experience and strong skills in Microsoft Office, particularly Excel, are essential. Familiarity with joint interest accounting and general accounting principles is highly valued.

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What skills are valued for the Accounts Receivable Analyst position at Diamondback Energy?

Diamondback Energy values candidates for their attention to detail, problem-solving abilities, critical thinking skills, and effective communication across the organization. You'll thrive in this role if you can operate both independently and as part of a team while having the flexibility to handle varying workloads and priorities.

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Does Diamondback Energy offer relocation assistance for the Accounts Receivable Analyst position?

Unfortunately, the Accounts Receivable Analyst position at Diamondback Energy does not come with relocation assistance. Therefore, applicants should be local or willing to relocate on their own.

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Is Diamondback Energy an equal opportunity employer for the Accounts Receivable Analyst role?

Yes, Diamondback Energy proudly is an Equal Employment Opportunity Employer. They provide equal opportunities to all qualified applicants regardless of race, sex, sexual orientation, gender identity, or any other protected status as per the law.

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Common Interview Questions for Accounts Receivable Analyst
What experience do you have in accounts receivable?

In answering this question, highlight your relevant experience, emphasizing any specific roles where you managed accounts receivables, processed journal entries, or handled customer inquiries. Include relevant software proficiency, such as Excel, and mention your success in optimizing processes.

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How do you handle discrepancies in billing?

To tackle this question, describe your problem-solving approach. Discuss how you would investigate discrepancies, communicate with relevant stakeholders, and what steps you’d take to ensure customer satisfaction while also adhering to company policies at Diamondback Energy.

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Can you explain your experience with joint interest billing?

When addressing this, share your direct experiences with joint interest billing, detailing any specific tools or methods you utilized. It’s helpful to include examples of how you managed complex billing situations to showcase your aptitude for this important aspect of the Accounts Receivable Analyst role.

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How would you prioritize your workload?

Discuss your time management strategies, like using task lists, prioritizing urgent tasks, and leveraging team communication to handle workload effectively. Mention how you would remain flexible to shifting priorities, which aligns with Diamondback Energy’s values.

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What software tools are you proficient in?

Mention your proficiency in Microsoft Office, particularly Excel, as it's critical for this role. If you have experience with accounting systems, such as SAP, be sure to include that as well and talk about how you utilized these tools to improve efficiency.

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What is your approach to communication within a team?

Highlight your belief in transparency and open lines of communication. Discuss how you would proactively reach out for clarifications and maintain an awareness of team dynamics, illustrating how you approach collaborative problem-solving at Diamondback Energy.

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Can you provide an example of a time you improved an accounting process?

Provide a specific example where you identified inefficiencies and took initiative to improve a process. Explain what steps you took, the challenges you faced, and the positive outcome, tying it back to how it could benefit your future role at Diamondback Energy.

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How do you ensure accuracy in your accounting work?

Your answer should reflect your rigorous attention to detail. Describe specific procedures you follow to verify data, such as repeated checks, consultation with team members for a second opinion, and the importance of maintaining accurate records in your prior roles.

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What motivates you about working as an Accounts Receivable Analyst?

Focus on your passion for numbers and the satisfaction of solving challenging billing issues. You can also mention your enthusiasm for supporting a team at Diamondback Energy and contributing to the company’s overall financial health.

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How do you stay updated on accounting regulations and best practices?

Talk about your commitment to continuous learning, whether it be through professional development courses, following industry news, or participating in professional organizations. Demonstrating your proactive nature in staying informed can resonate well with the interviewers.

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MATCH
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FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
No info
HQ LOCATION
No info
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
April 9, 2025

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