Posting Details

Position Information

Job Title Minerals Manager Department VP for Investments/Treasurer Full Time/Part Time Full-Time Requisition Number S19304 Open Date 12/11/2018 Close Date Salary Information

Salary Commensurate with Experience and Qualifications

Work Schedule

Monday through Friday, 8 a.m. to 5 p.m.

Benefits Eligible No Eligible for Overtime Yes Position Summary

The Rice University Endowment is approximately $6 billion and ranks in the top 20 endowments of private research universities (by market value) in the US. The endowment is critical to the university’s ability to achieve its goals. The annual distribution from the endowment funds nearly half of the university’s annual operating budget. The Rice Management Company (RMC) was established October 1, 2009, as a division of Rice University. The goal of the RMC is to provide a stable source of funding for current university operations and to preserve and grow the purchasing power of the endowment to benefit future generations of students. The RMC is responsible for all endowment matters of the university including asset allocation, the selection and termination of investment managers and monitoring performance of the portfolio, and reporting to the Rice Management Company Board of Directors. The endowment primarily utilizes outside investment managers and invests globally across all asset classes.

The position will help manage the University’s direct oil and gas holdings (mineral, royalty and net profit interests) and handle transactional work relative to these holdings. Royalty revenues will be analyzed in depth to ensure that proper payment is received. Expense review will also be necessary in respect to the University’s net profit interests. The position will also be responsible for maintaining systems that allow the University to efficiently process incoming royalty checks, analyze the accuracy of royalty payments, develop mapping capabilities, assist with internal reporting, and prepare data for 3rd party engineering and valuation reports. As needed, this role will be an integral part of creating and implementing new systems and process improvements.

Education Required Bachelor's Degree Major/Discipline Substitution for Education Requirement

Experience may not be substituted for the education requirement.

Education Preferred Experience Required 5 years Type of Experience

Minerals and royalties experience.

Substitution for Experience Requirement

Education may not be substituted for the experience requirement.

Experience Preferred

- Five to eight years minimum total experience.
- Experience in the Gulf Coast region.

License/Certification Required License/Certification Preferred Skills Required

- Strong quantitative and communication skills
- Detail oriented
- Strong negotiation skills
- Intellectual curiosity and independent initiative
- Expertise with computer programs, Excel, PowerPoint, Internet research
- Ability to work in a small team environment
- Familiarity with all basic oil and gas contracts and comfort in drafting and amending contracts

Skills Preferred Internal / External Contacts

- Internal contacts include RMC team and university colleagues
- External contacts include the oil and gas community, vendors, Accountants, engineers, consultants, etc.

Physical Demands

Working on computer for extended time during a work day.

Working Conditions

Standard work week.
Weekend/evening work as needed.

Security Sensitive Yes Special Instructions to Applicants Quick Link for Posting http://jobs.rice.edu/postings/17744 Job Duties

Job Duty Name Essential Functions Description of Job Duty

- Maintains applicable systems including implementing new systems as needed
- Processes incoming royalty checks
- Ensures accuracy of royalty payments
- Prepares data for 3rd party engineering and valuation reports
- Prepares and maintains internal cash flow models for reporting
- Markets mineral interests for lease
- Negotiates favorable lease terms
- Prepares data for 3rd party engineering and valuation reports
- Builds 3rd party relationships
- Performs other duties as assigned

Applicant Documents Required Documents

1. Cover Letter
2. Resume
3. Writing Sample

Optional Documents

Supplemental Questions

Required fields are indicated with an asterisk (*).

1. * Do you have a bachelor's degree?
   • Yes
   • No
2. * Do you have five or more years of minerals and royalties experience?
   • Yes
   • No