Specialty Asset Portfolio Manager Minerals

Broadway Bank - San Antonio, TX

Full-time - Mid Level

San Antonio, TX

About the position

The Specialty Asset Portfolio Manager - Minerals at Broadway Bank is responsible for managing a portfolio of mineral assets within fiduciary accounts in Wealth Management. This role involves collaborating with the Senior Asset Portfolio Manager to ensure efficient asset management, foster portfolio growth, and deliver superior client relationship management while adhering to fiduciary standards.

Responsibilities

• Conduct document analysis to confirm mineral asset ownership.
• Negotiate agreements for the development and exploitation of mineral resources.
• Monitor compliance with mineral lease provisions to maximize client income.
• Analyze and verify Divisions of Interest (working and royalty).
• Audit Working/Royalty Interest payments for oil, gas, and product sales, including market value and volume.
• Identify and address title defects and verify the accuracy of conveyance documents.
• Collaborate with tax vendors to assemble and provide necessary data for ad valorem tax assessments and protests.
• Assist in ensuring the timely recording of revenue receipts.
• Analyze revenue and expenses for working interests to assess investment suitability.
• Assist the Senior Specialty Asset Portfolio Manager in identifying and executing strategies to capture new mineral management opportunities.
• Coordinate with internal teams to ensure consistent and targeted marketing efforts.
• Cultivate relationships with key referral sources, including attorneys and CPAs.
• Maintain and manage a sales pipeline using CRM to track progress and qualify opportunities.
• Educate internal partners on mineral management capabilities to drive referrals and cross-selling opportunities.
• Collaborate with the Senior Specialty Asset Portfolio Manager and Account Advisor to regularly meet with clients and review mineral asset development, income, and lease compliance.
• Prepare comprehensive reports to educate clients on mineral assets and their revenue potential.
• Utilize strong communication skills to build credibility and maintain rapport with clients.
• Maintain up-to-date knowledge of local, regional, and national developments in the oil, gas, and mineral industries.
• Keep abreast of major economic trends affecting the mineral sector.
• Ensure adherence to the Property and Estates Codes as applicable to mineral management.
• Prepare management reports and presentations for internal and client-facing use.
• Analyze technology solutions and provide recommendations for their implementation.
• Mentor junior team members in mineral management practices and the application of related technology.

Requirements

• Bachelor's degree required.
• 2+ years of in-house and field experience as a practicing Land Professional, including management of mineral/working interests, oil and gas lease negotiations, title research, and curing title defects.
• 5+ years of mineral management experience preferred.
• Professional designation as a Registered Professional Landman (RPL) or Certified Professional Landman (CPL) preferred.
• Expertise in managing mineral and working interests.
• Strong title research capabilities, including curing title defects.
• Familiarity with Trust and Probate documents related to mineral assets.
• Experience in monitoring and auditing royalty and working interest payments.
• Advanced knowledge of local and regional mineral development trends and economic factors.
• Competency in financial analysis and assessment of mineral investment suitability.
• Excellent verbal and written communication skills.
• Proficiency in Microsoft Office Suite, including Word and Excel.
• Strong client relationship management and client reporting skills.
• Ability to mentor junior staff and guide them in mineral management practices.
• Detail-oriented, with excellent organizational and multitasking abilities.

Nice-to-haves

• Advanced degree in a related field.

Benefits

• Tuition reimbursement
• Paid time off
• Vision insurance
• Retirement matching
• Employee recognition, awards, and events
• Generous paid time off, minimum 4 weeks