Mineral Associate I
Broadway Bank - Texas

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Location:
Wealth Management

Job Number:
10713

# of openings:
1

Description

Job Number: 10713

Job Title: Mineral Associate I

Location: Wealth Management Division, San Antonio, TX

Job Type: Full-Time

Grade: 26

Employee Type: Non-Exempt

Hours: Monday - Friday between the hours of 8:00 am - 5:00 pm. Hours may vary and/or subject to change based on departmental needs

Company Overview

Broadway Bank was founded in 1941 to serve the San Antonio community. It has evolved from a small neighborhood bank into the largest independently-owned bank headquartered in the San Antonio metropolitan area, and continues to operate as a locally-owned and operated financial institution.

Today, Broadway Bank has more than $2.6 billion in assets and operates a total of 39 locations in South Central Texas and is on every military installation in San Antonio.

Throughout our history, the Broadway Bank leadership team has guided our course with careful and sound decisions that have enabled us to become one of the largest independent banks in the region and one of the strongest and best capitalized.

Our financial position continues to earn the highest ratings for financial safety and soundness from the nation's leading independent financial ratings services. Visit the Broadway Bank website at broadwaybank.com for more information.

Benefits

Broadway Bank offers an opportunity to work with one of the premier financial service organizations in San Antonio, competitive compensation, and an excellent benefit package that includes:

Medical, dental and vision coverage

Life Insurance/AD&D

Generous Tuition Assistance

Broadway Bancshares Inc. Profit-Sharing 401 (k)

Paid Vacation, Sick, Holidays, and Personal Leave

Paid Learning and Development programs

Team-oriented working environment

Function

Responsible for operational functions relating to Mineral procedures and the coordination of that process with the Mineral Manager .

Duties & Responsibilities

Set up leases and mineral interests, withdraw and transfer all mineral assets on the Trust Accounting System and on Mineral Management (OGSYS).

Process and post all Mineral Asset income through the Trust Accounting System and the Mineral Management System in a timely manner within the confines of our Policy and Procedures.

Enter all information on Mineral Management System as reported on oil company payment statements. Verify data input, balance and transmit information to trust accounting system.

Process, pay, and file all Mineral Asset billings in a timely manner.

Maintain and control balances daily. Close out each month on the Mineral Management System monthly; perform year end processing on the Trust Accounting System annually; balance Form 1099 income reporting with Mineral Management System data annually.

Maintenance both system as necessary

Set up and withdraw mineral interests Tax Processor (IGC); pay ad valorem taxes in conjunction with Tax Processor.

Generate and process Division Orders and verify property transfers under the supervision of Mineral Manager.

Process annual Reg. 9 Mineral Interest Reviews.

File all royalty receipts, working interest income receipts, working interest expense vouchers, correspondence, etc. in mineral interest files.

Provide assistance and perform other duties as assigned.

Minimum Qualifications

Education

High school diploma or equivalent

Work Experience

2 years data entry

2 years mineral accounting

Good verbal and written skills

Equipment/Machines

PC proficiency with word processing and spreadsheet software

Calculator

Type 50 – 60 wpm

Preferred Qualifications

Education

Some college courses with emphasis in business or accounting

Work Experience

Oil and gas experience that includes accounting, review of Division Orders, Royalty Interests, JIB’s, ad valorem taxes

Equipment/Machines

Mineral interest revenue accounting computer programs

Trust Accounting Systems

To be considered for this position, you must at least meet the basic qualifications.

Note: This preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Broadway Bank is proud to be an Equal Opportunity and Affirmative Action Employer. Broadway Bank is a drug-free and tobacco-free workplace. M/F/D/V. Member FDIC

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