Sr. Advisor, Special Assets - Energy & Minerals Management Group

About this role

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.

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:

Responsible for the management of special assets held in trusts, estates, and agency accounts. Responsibilities include taking possession of the asset, coordinating its management, evaluating its investment potential, recommending the investment policy, and assisting in or handling its sales where necessary. Assigned assets may include highly sensitive account situations and those requiring a high degree of technical knowledge.  Assist Northern partners in the sale process for Specialty Asset fiduciary and/or advisory services while building Northern Trust’s brand and awareness of its Specialty Asset capabilities both internally and externally. Job expectations include demonstrating deep asset knowledge, applying sound fiduciary judgment, leading asset decisions with growing independence, and delivering strong client support and execution.

Major Duties: • 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

• Role is balanced between high level operational execution and development, and execution of strategic direction of business function activities

• 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

Similar jobs

• Associate Special Assets Manager – Energy & Minerals Management Group — Northern Trust · Dallas, TX
• Manager, Tribal Energy & Infrastructure Advisory — Baker Tilly · Madison, WI | USA WI Milwaukee | USA DC Washington DC
• Senior Consultant, Energy Advisory — Baker Tilly · Madison, WI | USA WI Milwaukee | USA DC Washington DC
• Sr. Dir, Listed Real Assets Senior Analyst - Midstream Energy and Utilities — Tiaa · Minneapolis, MN - 901 Marquette Avenue
• Sr. Consultant - Natural Resources — Esri · Vienna, Virginia, United States
• Sr. Consultant - Natural Resources — Esri · Redlands, CA
• Sr. Partner Manager - Commercial Natural Resources — Esri · San Antonio, TX
• Sr. Partner Manager - Commercial Natural Resources — Esri · Denver, CO - Louisville