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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.
Job Posting Title: Associate Special Assets Manager – Energy & Minerals Management Group
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.
Major Duties:
Researches and analyzes suspense accounts and title issues;
Establishes and maintains accurate Division of Ownership Interest records;
Resolves revenue discrepancies, verification of well interest, and explanation of interest;
Communicates and corresponds with Oil & Gas companies;
Works closely with mineral managers and analysts;
Assists with and backs up processing of revenue and additional tasks assigned by Manager of Department.
Monitors newly assigned assets to assure that they are placed on record, coded correctly and valued appropriately.
Works closely with and responds promptly to partners in various areas with respect to the management and/or sale of the asset.
Completes administrative functions as needed or requested.
Uses existing procedures to solve standard problems; analyzes information and standard practices to make judgments.
Works within standardized procedures and practices to achieve objectives and meet deadlines.
Knowledge:
Basic knowledge of the types of assets to be managed usually acquired through related work experience or four-year degree program.
Analytical, organizational and communication skills are required to manage, review and/or sell the various types of assets.
Requires conceptual knowledge of theories, practices and procedures within a job discipline.
Applies general knowledge of business developed through education or past experience.
Exchanges straightforward information, asks questions and checks for understanding.
Experience:
A College or University degree and 2-3 years of proven work experience is preferred.
Accountable for own contributions.
Familiarity with Enverus, DrillingInfo, MineralSoft, Word, Excel, PowerPoint
Work Authorization
Applicants 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 Us
As 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 MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.