The Business Development Manager will be responsible for growing the oil and gas assets of a private family-owned investment company. The position will be responsible for pursuing potential investments in the industry, building a network of partners, operators, investors and potential sources for deals. The person filling the position will help refine Erie’s oil and gas acquisition model and be accountable to pursuing assets consistent with that model. This position will involve working closely with financial, technical and legal counterparts to complete deals and manage the current portfolio of oil and gas assets.

Additionally, the Business Development Manager will also analyze financial data, conduct research and perform valuation analysis of prospective and current investments, including the assessment of financial risks. The Manager will participate in internal and external partner meetings, negotiation of contracts, drafting of RFP proposals and the due diligence processes. This position will be a critical member of Erie’s leadership team, with direct involvement in both deal execution and business development. The ideal candidate will have a strong background in the oil and gas industry, financial modeling, valuation, due diligence, and deal structuring.

KEY RESPONSIBILITIES

· Investment Opportunities: Identify, evaluate, and pursue potential investment opportunities in the oil and gas sector, with a focus on producing assets.

· Market Analysis: Conduct comprehensive market research and analysis to understand trends and opportunities in the oil and gas industry.

· Strategic Planning: Develop and implement strategic plans to achieve business objectives related to the oil and gas investment portfolio.

· Relationship Management: Build and maintain relationships with key stakeholders, including investors, partners, and clients in the oil and gas industry.

· Negotiation: Lead negotiation of investment deals, contracts, and agreements.

· Risk Management: Assess potential risks and returns of investment opportunities to ensure alignment with the company's financial goals and risk tolerance.

· Reporting: Prepare and present regular reports on the performance of the oil and gas investment portfolio to senior management and stakeholders.

ADDITIONAL DUTIES

· Perform financial analysis, valuation, and modeling of potential transactions, using various methods and assumptions.

· Conduct comprehensive due diligence on deals, including technical, commercial, legal, environmental, and regulatory aspects.

· Negotiate and execute definitive agreements, in coordination with internal and external advisors.

· Act as primary contact with operators and other working interest partners on all producing properties.

· Manage post-acquisition integration and transition, as well as monitor and report on portfolio performance.

· Managing the daily operations and revenue generation of the company and ensuring its continual growth and success.

· Research variances from budgeted expectations, significant changes from prior periods or trends, and other operational anomalies and report to the executive team monthly.

· Work closely with Controller to gather financial analysis, results and monthly statements, financial reporting.

· Support completion of YE and mid-year reserve report with contracted engineer.

· Review and approve accruals and AFEs on a monthly basis in cooperation with the accounting department.

· Review monthly financial data and maintain familiarity with the performance to budget throughout the year.

Qualification: Bachelor's degree in petroleum engineering, finance, economics, or related field. MBA is a plus.

· At least 5 years of relevant experience in oil and gas industry, preferably in acquisition, divestiture, or business development roles.

· Proven successful experience in business development, or related role, in the oil and gas industry.

· Strong knowledge of oil and gas markets, trends, drivers, and players.

· Proficient in financial modeling, valuation, and analysis, using Excel and other tools.

· Excellent communication, negotiation, and interpersonal skills.

· Ability to work independently and collaboratively within the bigger team.

· Ability to build and maintain strong relationships with a diverse range of stakeholders.

· Experience with Aries engineering and economics software is a plus

Job Type: Full-time

Pay: From $95,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Disability insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Education:

• Bachelor's (Required)

Experience:

• Oil & gas: 5 years (Required)

Work Location: In person