Executive Director (Natural Resource Trust Authority)

About this Job

The Natural Resources Trust Authority (NRTA) was created by Act 727 of 2024 as a financial arm within the State Mineral and Energy Board (SMEB). The NRTAs mission is to develop and manage financial instruments that secure obligations related to oil-field site restoration particularly the plugging and abandonment of orphaned wells. The Authority assumed responsibility for the administration of financial security mechanisms previously managed by the Louisiana Oilfield Restoration Association.

The NRTA serves as the fiduciary and administrative body responsible for holding and managing state resources that secure plugging and abandonment obligations for orphaned wells. Because the Authority handles public funds and acts in a fiduciary capacity both Louisiana law and federal banking standards require it to operate independently and at arms length from any other agency office or individual.

Statutes governing the NRTA place it under the oversight of the State Mineral and Energy Board and require coordination with the State Bond Commission and State Treasury. Public finance laws mandate that :

• All funds are deposited in the state treasury
• Expenditures occur only through legislative appropriation and
• Balances are fully collateralized.

Ethical and fiduciary standards emphasize independence impartiality and the duty of loyalty to the Trusts beneficiaries. Internal control frameworks further require segregation of duties documentation of approvals and transparent governance. Collectively these requirements ensure that the NRTA cannot lawfully or prudently act without explicit authorization from the SMEB.

Maintaining this independence safeguards the integrity of Louisianas natural resource programs protects public funds and strengthens public confidence in government operations.

The Executive Director of the Natural Resources Trust Authority is responsible for leading managing and overseeing all operational financial and administrative activities of the NRTA. The position reports directly to the Undersecretary of the Department of Natural Resources and operates under the strategic direction of the State Mineral and Energy Board.

This leadership role requires a deep understanding of public finance energy sector regulation and fiduciary management. The Executive Director will design and implement the financial structures investment mechanisms and compliance systems that support and sustain the Authoritys mission.

Minimum Qualifications

Job Duties and Other Information

In this role the Natural Resources Trust Authority Executive Director plays a critical role in managing Louisianas financial security systems for oil-field site restoration and orphan well obligations. Key responsibilities include :

POSITION-SPECIFIC DETAILS :

Appointment Type : Unclassified

Work Schedule : Work hours are flexible.

Compensation : $130000 - $175000

The final salary will be determined based on the selected candidates qualifications and experience .

HOW TO APPLY :

Applications will be reviewed on a rolling basis until the position is filled. Early submission is encouraged.

A cover letter and resume MUST be attached for consideration.

To apply for this vacancy click on the Apply link above and complete an electronic application which can be used for this vacancy as well as future job opportunities. Applicants are responsible for checking the status of their application to determine where they are in the recruitment process. Further status message information is located under the Information section of the Current Job Opportunities page.

For further information about this vacancy contact :

Human Resources

Department of Conservation and Energy

PO Box 94396

Baton Rouge LA 70804-9396

Email :

Louisiana is a State As a Model Employer (SAME) that supports the recruitment hiring and retention of individuals with disabilities.

BENEFITS

Louisiana State Government represents a wide variety of career options and offers an outstanding opportunity to make a difference through public service. With an array of career opportunities in every major metropolitan center and in many rural areas state employment provides an outstanding option to begin or continue your career.

As a state employee you will earn competitive pay choose from a variety of benefits and have access to a great professional development program :

Insurance Coverage More information can be found at Leave Up to six weeks paid parental leave

More information can be found at and Leave State employees receive the following paid holidays each year :

State employees earn sick and annual leave which can be accumulated and saved for future accrual rate increases as your years of service increase.

Retirement State of Louisiana employees are eligible to participate in various retirement systems (based on the type of appointment and agency for which an employee works). These retirement systems provide retirement allowances and other benefits for state officers and employees and their beneficiaries. State retirement systems may include (but are not limited to) :

Required Experience :

Director

Key Skills

Dhcp,Dermatology,B2C,Account Development,AC Maintenance

Employment Type : Unclear

Experience : years

Vacancy : 1

Yearly Salary Salary : 130000 - 175000