Mineral Asset Manager – SAM Associate III
Bank of America
full-time
Posted on:
Location Type: Office
Location: Dallas Fort Worth • Texas • United States
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About the role
- 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.
- 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.
- Requires strong negotiation, research, and communication (written and verbal) skills to liaise with clients, oil and gas operators, and other professionals.
- Analyze, monitor, and evaluate a portfolio of oil, gas, and mineral assets to ensure performance aligns with client goals.
- Negotiate mineral leases, pooling agreements, term assignments, and other contracts; oversee compliance with all lease provisions.
- Research and verify ownership and title issues, and recover escheated or suspended funds.
- 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.
- Complete detailed analysis and review of each accounts oil and gas holdings annually.
- Monitor oil and gas production to verify operator payments and ensure compliance with legal requirements.
- Oversee property tax payments and provide annual reports and other tax-related documents for client tax preparation.
- Provide clients with regular updates on industry activity, asset performance, and strategic recommendations to optimize the oil and gas portfolio.
- Evaluate drilling prospects and other active mineral management strategies to maximize asset value and mitigate risk.
Requirements
- 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.
Benefits
- Health insurance
- 401(k) matching
- Flexible work hours
- Paid time off
- Professional development opportunities
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
portfolio managementnegotiationresearchanalysisfinancial statement preparationmineral lease negotiationcompliance monitoringroyalty payment trackingproperty tax managementdrilling prospect evaluation
Soft Skills
communicationrelationship buildingresults drivendetail orientedmotivated self-starterorganizational skillsmulti-tasking