Oil & Gas Engineer Executive
Bank of America
Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
This job is responsible for leading a dynamic oil and gas engineering process that evaluates the client's oil and gas reserves to determine proper loan asset values and potential collateral risks that could jeopardize loan repayment. The successful candidate will possess the necessary technical skills and relevant managerial experience to lead a team of bank engineers to execute the process at a high level while continuing to drive for process improvements and operational efficiencies.
Role Responsibilities
Bank of America’s engineering staff is responsible for evaluating the client's oil and gas reserves in conjunction with new financing transactions under consideration plus semi-annual borrowing base redeterminations. The engineering position supports the process by performing analysis and risk assessment of client engineering data. This position will have responsibilities for managing associates, but will also require the engineer to provide engineering analysis and support for their own clients.
Specific Responsibilities include:
Drive accuracy, consistency and timely execution of the engineering process
Champion data driven decision-making and removes obstacles to optimize operations
Develop and refine engineering techniques for continued process improvement
Coach to sustain and elevate organizational performance
Efficiently allocate and manage resources to drive short and long term profitability
Inspect and challenge risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk
Contribute to enterprise strategy and connect team contributions to business purpose, results, and success
Minimum Candidate Qualifications
BS Petroleum Engineering
10+ years of relevant experience with 3+ years managerial experience working for a financial institution
Strong Aries experience is required; Strong PHDwin experience is preferred
Strong Microsoft Access and Excel skills; Excel modeling experience required
Experience with bank E&P (Exploration & Production) borrowing bases required
Significant business knowledge of risk management and regulatory interactions
Strong analytical and organizational skills; focus on attention to detail
Excellent written and verbal communication skills. Effectively packages and communicates complex content and information.
Demonstrated ability to engage and communicate at the executive level, establish, and maintain collaborative partnerships and provide thought leadership to strategic decisions
Critical thinker with the ability to influence senior leaders, including to challenge the status quo, produce appropriate changes and implement goals
An individual who can lead a diverse associate population, inspire a strong sense of camaraderie and accountability, and motivate continuous improvements to performance. Able to attract, retain and develop top talent
Technical Competencies Include:
Data input, organization, manipulation, and presentation of oil and gas cash flow projections
Execution of engineering software (ARIES, PHDWin) to analyze data and prepare forecasts
Extraction of model cash flow projections into Excel-based credit models to assess asset performance
Preparation of narrative engineering reports and supporting documentation
Routine correspondence with internal partners and external clients related to engineering matters
Preparation of internal reports related to the oil and gas portfolio
Adherence to credit policy and due diligence guidelines
Shift:
1st shift (United States of America)Hours Per Week:
40