Rife Resources Ltd. is a private oil and gas exploration and production company, wholly-owned by the CN Pension Trust Funds (pension fund for employees of the Canadian National Railway). Rife has interests in approximately 610,000 acres of land in Western Canada. Rife’s current production is ~5,000 boed with operational focus on heavy oil in the greater Lloydminster area and light oil in Central Alberta. Rife also manages the assets of Canpar Holdings Ltd. and Freehold Royalties Ltd.
Canpar Holdings Ltd. is a private land holdings company, wholly-owned by the CN Pension Trust Funds. Canpar generates income through resource development royalties on its ~4.1 million gross acres of mineral title lands in Western Canada.
Freehold Royalties Ltd. is a public mineral title and royalty company with oil and gas properties across five provinces in Canada and eight states in the United States. Freehold generates approximately 14,000 boed of royalty production from approximately 6.3 million gross acres of mineral title and GORR lands in Canada and over 800,000 gross drilling unit acres in the United States. Freehold is focused on providing investors with low risk returns and growth over the long term by acquiring and creating new high-quality royalties. (TSX: FRU)
Senior Business Development Specialist, Diversified Royalties
The Diversified Royalties business unit is responsible for expanding the asset portfolios for both Freehold Royalties Ltd. and Canpar Holdings Ltd. outside of Oil and Gas. It is actively identifying and evaluating royalty opportunities in mining and minerals, renewable energy, and energy transition developments across North America.
Rife is seeking candidates for the position of Senior Business Development Specialist. This position is based in Calgary and reports directly to the Vice President of Diversified Royalties. The successful candidate will join a multidisciplinary team of Engineers, Technical specialists and Landmen who are responsible for evaluating royalty acquisition opportunities for the Diversified Royalties’ business unit. This position is being offered on a contract basis for maternity leave coverage purposes, the contract is expected to have an 18 month duration.
The Senior Business Development Specialist will be responsible for coordinating with other members of the Diversified Royalties team to identify new royalty opportunities, participate closely in the evaluation process, assist in identifying project risks, generate risk reducing and increased ROI deal structures and commercial terms, and negotiate and draft all applicable contracts and agreements. Strong networking skills, professionalism, and the ability to present to the executive is a requirement. An entrepreneurial and creative nature is also considered an asset.
Responsibilities:
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Work within the Diversified Royalties team to optimally grow the portfolios of Freehold and Canpar, by identifying and evaluating royalty acquisitions opportunities in mining & minerals, renewable energy, and energy transition
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Assist in building and delivering bid recommendations to the Executive Management and the Board of Directors
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Lead and support the development and negotiations of commercial terms
- Lead and support the review, drafting and execution of commercial agreements including, CA’s, Term Sheets, PSA’s, royalty agreements, partnership/LP/JV and management service agreements.
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Coordinate and assist in conducting full due diligence on all land related transactions
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Lead and support transaction closings including preparation and review of all conveyance documentation, and coordinate/assist in post close integration
- Work closely with internal and external counsel on a transaction-by-transaction basis ensuring that Freehold and Canpar’s acquisitions are properly securitized
- Develop and execute short-term and long-term business development strategies
- Develop, foster, and maintain relationships with investment banks, private equity firms and industry operators
- Create and implement land acquisition and lease optimization strategies
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Work closely with internal departments to monitor the performance of contract terms and obligations
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Assist in mentoring junior staff
Required Characteristics, Attributes and Skills:
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Desire to learn new industries and ability to manage multiple transactions in several industries simultaneously
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Excellent understanding and professional experience with contractual royalties including title royalties
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Technical acumen – the ability to leverage a variety of large data sources to help supplement asset evaluations
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Strong foundational knowledge of chain of title
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Extensive experience interpreting and drafting commercial contracts
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Strategic thinker with the ability to proactively incorporate the needs of the various departments within the business
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Strong research capabilities, with abilities to compile and organize available and relevant data pertaining to land, regulations, and government policy
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Understanding of economic and financial modelling and analysis
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Initiative – self starter who can work independently
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Team player with strong interpersonal skills
Qualifications:
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Minimum 10+ years’ experience in negotiations and contracts
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Professional land designation with either a university degree in a petroleum land discipline, or an equivalent combination of education and work experience
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MBA or CFA designation considered an asset
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Strong background in identifying, evaluating, and executing on acquisition opportunities
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Ability to apply creative solutions to complex problems in time sensitive situations
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Experience working within multidisciplinary teams, and a clear ability to communicate effectively with all levels of an organization
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Curiosity, creativity, and a drive for continuous improvement are preferred personality traits
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Experience evaluating assets, drafting agreements, conducting due diligence, and closing transactions in the USA, or other jurisdictions, considered an asset
Additional Requirements/Information:
All applicants must be legally entitled to work in Canada at the time of application
Additional Working Conditions:
Hybrid Work Program Information - We understand the way we do our work has changed and our employees are looking for flexibility with a blend of in-office and remote work. Rife currently has a hybrid work program in place allowing us to live, learn and adapt in a way that works for our business and our employees.
What does our hybrid work program look like?
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Combination of in-office and remote work: Tuesday, Wednesday, Thursday are core in-office work days, Monday and Friday in-office or remote based on your preference
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Flexible work hours, while committing to being available during our core hours of 9:00am – 3:00pm
If you choose to participate in the hybrid work program, you will:
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Be provided with a Rife computer or laptop when working in the office
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Require access to a personal computer when working from home
Benefits:
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Benefits program
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Health and Wellness spending account
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Employee & Family Assistance Program
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Pension plan
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Flex day program
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Hybrid work program
Equity, Inclusion and Diversity
Committed to attracting and retaining diverse employees, Rife Resources will honor your experiences, perspectives and unique identity. Together, we strive to create and maintain a working environment that is welcoming and promotes diversity of thought, inclusivity and equity.
We thank all applicants; however, only those selected for an interview will be contacted.
