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Senior Lease Analyst

at Shell Oil & Gas
Location Midland, TX
Date Posted Apr 12, 2019
Category Lease Analyst
Job Type Contractor


Job Title: Senior Lease Analyst - Crude Lease

Job Description:
The Lease Analyst provides support, and work directly with, Onshore Lease Crude Trading, external Crude Oil Operators and other Operations Teams within the Shell Trading & Supply Organization. The main responsibilities are working directly with Lease Traders to ensure all required components of deals, new and deal amendments, are captured and entered per Deal Trade Policy, ensure the correctness of master data setups for leases and further life-cycle maintenance therefore of, and contract drafting and troubleshooting with internal and external counterparties. This position requires a sound understanding of the lease crude business, standard oil crude lease deals and contract components and ability to work in a fast pace environment.

Work directly with Crude Onshore Lease Traders, Trade Analysts, Contract Review Analysts, other internal Operations teams and third-party owner/operators to provide real time E2E commercial deal & crude lease support.
Trade deal capture and entry for new and existing lease deals, and associated master data, in the Lease Purchases System (LPS) per Commercial Deal Trade Policy, Legal, and Regulatory requirements.
Draft new contracts, and amendments to existing contracts, in Management of Contracts and Confirmations (MCC) system, for further dispatching to 3rd party contract holders, per team metric targets.
Perform LPS monthly Closing duties which requires overtime work during business work days 5-10.
Ensure that the oil volume allocations are processed accurately and timely in LPS according to monthly close schedule.
Coordinate and processes out-of-cycle payments for Interest Owners.
Work with Severance Tax to action business referrals per established SLA.
Work in conjunction with Commercial and Lease Division Order (DO) Teams to execute assignments per established process.
Work with DO Team to resolve discrepancies that have aged and require further investigation, at times requiring the retrieval and research of historical system data and records.
Work with external Owner/Operator inquiries, often requiring further research and coordinating with other Commercial and Operations teams within metric targets.
Add commercial value and prevent profit leakage through existing processes and process improvements where applicable.
Action and resolve Debit Balances per team metric targets.
Ensure that records are maintained in in accordance to GRM standards.
Maintain compliance with all Shell policies, manual of authorities and SOX controls.
Ensure that all contracts and master data accurately reflect the agreed commercial terms and are accurately and timely maintained in deal capture systems.
Maintain a complete electronic record incorporating contracts, documents and amendments.

Lease Admin Analyst will be working on the trade floor with constant F2F interactions with Crude Onshore Lease Traders and other Operations team members. The trade floor is an open, energizing environment that requires special focus to accomplish required job accountabilities.

Bachelor's Degree required or minimum of three (3) years of crude Lease Administration experience.
Solid knowledge in and skill interpreting components of lease deals.
Highly motivated, self-starter with strong desire and drive to deliver bottom line results for self and team.
Should understand related roles in the organization, including Commercial, Scheduling, Inventory, Operations Support, Division Order and Owner Relations and will be required to understand the end-to-end Crude business.
Ability to work beyond normal business hours during monthly close and at times of increased commercial business.
Must have systems knowledge of Lease Purchase System (LPS), MCC, Microsoft Office Suite and a strong learning aptitude for new systems in business related applications and tools. Technical capabilities will be considered.
Ability to manage a high volume of complex data and be able to generate reports to meet business requirements (i.e., Audits, Status, Metrics), to arrive at root causes of problems and implement resolutions.
Ability to work autonomously, develop resolutions and implement best practices with minimal supervision.
Ability to take on additional projects outside of specific role.
Attention to detail, possess a strong work ethic, good interpersonal and written skills, strong team working skills, results focused, self-motivated and thrive in a busy work environment.

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