Associate Special Assets Manager – Energy & Minerals Management Group

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.