What are the responsibilities and job description for the Oil & Gas Title Analyst - SAM Associate II position at Bank of America?
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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
Manages more complex specialty assets within The Private Bank Group with a full and in-depth understanding of all fiduciary aspects associated within a given segment of specialty assets, i.e., real estate, farm & ranch, timberland, oil & gas, private businesses. Partners closely with Private Bank relationship/client managers in proactive client service and sales activities to generate new business. Also links up closely with a Private Bank market to determine appropriate resources needed within Specialty Asset Management to obtain new business. Provides creative solutions to complex customer/asset needs. May have indirect coaching responsibilities.
Job Responsibilities:
- Review division orders and confirm account ownership interest
- Working with internal departments to set up new accounts, new assets and properties, and new wells
- Working with internal departments to take down assets and wells where appropriate and assist with closing accounts
- Detailed analysis of legal descriptions, gross and net acreage, ownership interest, lease data, production data, and researching internal and external records
- Identifying and setting up well and payer information in order to efficiently process income
- Identifying account and property information on class action settlement checks, shut in payments, and delay rental payments
- Communicating with oil companies and purchasers about change of ownership, discrepancies in ownership interest, improper deductions, and making demands for statutory interest on late payments
- Reviewing escheated items and working with the asset manager to claim the escheated funds from state agencies
- Reviewing JIB statements and confirming ownership interest
- Reviewing check detail on production and revenue to identify and allocate funds appropriately within the Bank’s accounting system
Required Qualifications:
- 2-5 years oil and gas title experience with experience in the analysis of title documents, oil and gas leases, land contracts, production sharing agreements, operating agreements, and division orders
- Experience with Enverus DrillingInfo/PRISM and other industry software used for title research
- Advanced in Microsoft Office (Excel, PowerPoint, Word, Visio)
- Strong written and verbal communication skills
- Highly organized with the ability to multi-task and handle several ongoing projects at one time
Desired Qualifications:
- Bachelor’s degree in a related field
- Certified Professional Lease and Title Analyst (CPLTA) or Certified Mineral Manager (CMM) designation
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
