Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description: Manages most advanced & complex portfolio within a given segment of specialty assets, i.e., the real estate, oil & gas, farm & ranch, timberland and private businesses group. Partners closely with Private Bank relationship/client managers - provides creative solutions to complex customer/asset needs.
Responsibilities:
The Mineral Asset Manager is responsible for the comprehensive management of oil, gas and mineral assets held in trusts, estates, and investment management accounts on Bank of America’s wealth management platform. This role requires strong negotiation, research, and communication (written and verbal) skills to liaise with clients, oil and gas operators, and other professions. Key responsibilities include:
- Portfolio management: analyze, monitor, and evaluate a portfolio of oil, gas, and mineral assets to ensure performance aligns with client goals.
- Lease and contract management: Negotiate mineral leases, pooling agreements, term assignments, and other contracts; oversee compliance with all lease provisions.
- Legal and title research: Research and verify ownership and title issues, and recover escheated or suspended funds.
- Revenue and payment processing: Track and monitor royalty payments, shut-in’s, delay rentals, lease bonuses, and other oil and gas related income to ensure accurate payments and provide clients with consolidated financial statements. Where applicable, review and approve authority for expenditures (AFEs) joint interest billings (JIBs).
- Auditing and compliance: Monitor oil and gas production to verify operator payments and ensure compliance with legal requirements. On an annual basis complete detailed analysis and review of each accounts oil and gas holdings.
- Tax and financial administration: Oversee property tax payments and provide annual reports and other tax-related documents for client tax preparation.
- Client and stakeholder communication: Provide clients with regular updates on industry activity, asset performance, and strategic recommendations to optimize the oil and gas portfolio.
- Responsible for negotiating oil and gas leases, and managing the development of oil and gas assets
- Asset development and risk mitigation: Evaluate drilling prospects and participation, unleased mineral acreage, and other active mineral management strategies to maximize asset value and mitigate risk.
Required Qualifications:
- 8+ years of professional experience in the oil and gas industry
- Bachelor’s degree preferred in Petroleum Land/Energy Management or legal background a plus
- Strong understanding of oil and gas law, mineral rights, and title matters
- Experience working in the fiduciary/trust mineral management space is considered a plus
- Excellent communication and relationship-building skills to work with clients and industry partners
- Results driven, detail oriented, and motivated self-starter
- Exceptional organizational skills and ability to manage multiple tasks.
Desired Qualifications:
- Proficiency with Enverus Drillinginfo and other standard industry software
- Register Professional Landman (RPL), Certified Professional Landman (CPL), or other certifications preferred but not required.
Skills:
- Collaboration
- Decision Making
- Issue Management
- Prioritization
- Strategic Thinking
- Critical Thinking
- Customer and Client Focus
- Oral Communications
- Project Management
- Written Communications
- Active Listening
- Adaptability
- Analytical Thinking
- Continuous Improvement
- Innovative Thinking
**Minimum Education Requirement: **High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
**Hours Per Week: **
40