Sr. Asset Manager, Special Assets, Petroleum Engineer for Energy Minerals Management

Northern Trust•Dallas, TX

About The Position

Northern Trust, a Fortune 500 company, is a globally recognized financial institution operating since 1889. It provides innovative financial services and guidance to successful individuals, families, and institutions, with over 130 years of experience and more than 22,000 partners. The Energy & Minerals Management Group (EMM Group) comprises 15 professionals, including certified professional landmen, oil and gas attorneys, and petroleum engineers, with over 120 years of collective industry experience. This team manages over 20,000 oil, gas, and mineral interests, offering services such as annual performance reviews, investment oversight, lease negotiation, risk mitigation, investment proposal evaluation, expense monitoring, technical evaluations, title research, revenue collection, and ad valorem tax review. The Sr. Asset Manager is responsible for managing special assets held in trusts, estates, and agency accounts. This includes taking possession of assets, coordinating their management, evaluating investment potential, recommending investment policies, and assisting in or handling sales when necessary. The role often involves highly sensitive account situations and requires a high degree of technical knowledge. The position also provides engineering, geological, and other technical advice and recommendations to the EMM Group for managing oil, gas, and mineral assets, including preparing net income projections, reviewing joint interest billings, reviewing authority for expenditures (AFEs), and providing election recommendations.

Requirements

Subject matter specific knowledge of asset management, investment products and fiduciary matters.
Analytical, negotiation, organizational, communication and leadership skills.
Accounting and financial analysis skills (may also be required).
7-10 years of experience in the management of special assets.
Petroleum Engineering or other applicable engineering degree.
Proficient with PHDWin reserve and economic software.

Nice To Haves

PE Certification

Responsibilities

Develops periodic goals, organizes the work, sets short-term priorities, monitors all activities, and ensures timely and accurate completion of the work.
Coordinates and completes Annual Investment Reviews and valuations, including the formulation of investment recommendations, and determination of whether is a market for an asset.
Responsible for the management of a portfolio of complex assets reviewing critical documents and financial data to ensure when possible that asset is performing acceptably.
Assists in the evaluation and remediation of new assets.
Work with partners, fiduciaries and third parties to make necessary business decisions regarding the asset.
Assists in the collection of information necessary for the ongoing asset management and completion of Annual Investment Reviews and may review Annual Investment Reviews prepared by Analysts and/or Asset Managers where appropriate.
Makes recommendations, receives and reviews appraisals, values assets where necessary.
Advises account administrators and clients of activities and issues.
Makes recommendations to the appropriate management committees regarding the suitability of retaining an asset.
Sells or assists in the sales of assets from fiduciary accounts, when appropriate.
Ensures that revenues are collected, expenses are paid, proceeds from sales are properly credited, fees collected, and asset is removed from record or documentation.
Coordinates or assists in the coordination of the execution of all contracts, legal documents and closing documents subject to trust attorney review.
As required, act as manager, officer and/or director of entities when appropriate and approved by senior management when necessary.
Monitors newly assigned assets to assure that they are placed on record and coded/valued appropriately.
Assists with the resolution of audit and regulatory issues as required within agreed timeframes.
Participates in marketing, business development and prospecting activities as needed.
As subject area expert, provides comprehensive, in-depth consulting and leadership to team and partners at a high technical level.