Mineral Asset Manager​/SAM Associate III

Mineral Asset Manager/ SAM Associate III

Fort Worth, Texas

** To proceed with your application, you must be at least 18 years of age.*
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** Bank of America employees are required to meet all*
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* ** prior to applying for any new position.*
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** To proceed with your application, you must be at least 18 years of age.*
* Acknowledge (
-2)

** Bank of America employees are required to meet all*
* ** posting eligibility requirements*
* ** prior to applying for any new position.*
* Acknowledge (
-2)

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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!

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* Job Description:

*
* This job is responsible for managing the most complex specialty asset portfolios, including farm and ranch land, timberland, real estate, mineral and energy interests, and private businesses. Key responsibilities include overseeing advanced asset strategies, supporting client and prospect meetings, and delivering tailored asset solutions in partnership with private bank teams. Job expectations include demonstrating deep asset knowledge, applying sound fiduciary judgment, leading asset decisions with growing independence, and delivering strong client support and execution.

** Responsibilities:*
* The Mineral 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:

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** Portfolio management** : analyze, monitor, and evaluate a portfolio of oil, gas, and mineral assets to ensure performance aligns with client goals.

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** Lease and contract management** :
Negotiate mineral leases, pooling agreements, term assignments, and other contracts; oversee compliance with all lease provisions.

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** Legal and title research** :
Research and verify ownership and title issues, and recover escheated or suspended funds.

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** 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).

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** 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.

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** Tax and financial administration** :
Oversee property tax payments and provide annual reports and other tax-related documents for client tax preparation.

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** 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

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** Asset development and risk mitigation** :
Evaluate drilling prospects and participation, unleased mineral…