Job Information
Bank of America Mineral Asset Manager/ SAM Associate III in Midland, Texas
Mineral Asset Manager/ SAM Associate III
Dallas, Texas;Fort Worth, Texas; Midland, Texas
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Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
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.
Responsibilities:
TheMineral Asset Manageris 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. This role requires strong negotiation, research, and communication (written and verbal) skills to liaise with clients, oil and gas operators, and other professions. Key responsibilities include:
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 accounts 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 assets
Asset 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.
Required Qualifications:
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.
Desired Qualifications:
Proficiency with Enverus Drillinginfo and other standard industry software
Register Professional Landman (RPL), Certified Professional Landman (CPL), or other certifications preferred but not required.
Skills:
Collaboration
Decision Making
Issue Management
Prioritization
Strategic Thinking
Critical Thinking
Customer and Client Focus
Oral Communications
Project Management
Written Communications
Active Listening
Adaptability
Analytical Thinking
Continuous Improvement
Innovative Thinking
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.