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

About Northern TrustAs 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 oversightNegotiating leases, farmout agreements, gas purchase contracts and related proposalsProactively mitigating the risks of drilling and production activitiesEvaluating the costs and benefits of investment proposals for capital projectsMonitoring working interest expenses and payment of joint interest billsPerforming technical evaluations of drilling and workover proposalsConducting title research and identification of assets held in trust and agency accountsCollecting revenue and tracking monthly production incomeReviewing and paying ad valorem taxesJob 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 levelRole is balanced between high level operational execution and development, and execution of strategic direction of business function activitiesPortfolio 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 account's 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 assetsAsset 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.Knowledge:Knowledge of managing complex specialty assets including acquisitions, sales, fiduciary issues usually acquired through related work experience or formal training.Experience working in the fiduciary/trust mineral management space is considered a plusStrong understanding of oil and gas law, mineral rights, and title mattersAccounting and financial analysis skills are needed to analyze financial statements, budgets, leases, financing, investment structures and returns. Outstanding communication skills, both written and verbal.The ability to engage clients and/or prospects, present and sell Specialty Asset Services (Fiduciary and Advisory) as well as the ability to execute and deliver the needed advice providing clear and concise communication throughout the assignment.Leadership and organizational skills are required to develop periodic goals and manage and motivate Team members.Requires specialized depth and/or breadth of expertise in own job discipline or fieldExperience:A College or University degree, preferred in Petroleum Land/Energy Management and/or relevant proven work experience is required / preferred. Related Industry qualification is required / preferred. 7-10 years of related professional experience in either the oil and gas industry or asset management experience; legal background a plus May lead functional teams or projects with moderate resource requirements, risk, and/or complexity Exceptional organizational skills and ability to manage multiple tasksProficiency with Enverus Drillinginfo and other standard industry softwareRegister Professional Landman (RPL), Certified Professional Landman (CPL), JD or other certifications preferred but not required.Work AuthorizationApplicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa). Working with UsAs a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities. Reasonable Accommodation Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at View email address on click.appcast.io, or alternatively you can discuss your individual requirements with the recruiter you are working with. SummaryLocation: Dallas, TXType: Full time