About this role
Associate Special Assets Manager – Energy & Minerals Management Group
locations Dallas, TX
time type
Full time
posted on
Posted Today
job requisition id
R160191
About Northern Trust
As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.
Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.
With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
About the Energy & Minerals Management Group:
The Energy & Minerals Management Group (EMM Group) consists of 15 professionals, including certified professional landmen, oil and gas attorneys, and petroleum engineers with over 120 years of collective experience in the oil and gas industry. The team manages over 20,000 oil, gas and mineral interests held in trusts or estates where Northern Trust has been named trustee or executor. The team is structured similar to a non-operating production company, including division order analysts and operational staff.
Services that the EMM Group provides to clients include:
- Conducting annual performance reviews and investment oversight
- Negotiating leases, farmout agreements, gas purchase contracts and related proposals
- Proactively mitigating the risks of drilling and production activities
- Evaluating the costs and benefits of investment proposals for capital projects
- Monitoring working interest expenses and payment of joint interest bills
- Performing technical evaluations of drilling and workover proposals
- Conducting title research and identification of assets held in trust and agency accounts
- Collecting revenue and tracking monthly production income
- Reviewing and paying ad valorem taxes
Job Description Summary:
Support Asset Managers and Sr. Asset Managers with various assignments. Uses specific knowledge of a discipline to achieve goals through own work. Has specific knowledge or expertise typically gained through formal education or equivalent experience. Uses expertise to provide guidance to others as a project manager or consultant. Requires conceptual knowledge of theories, practices, and procedures within a job discipline. Performs routine assignments using existing procedures. Receives instruction, guidance and direction from more senior level roles.
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