Credit Analysis - Oil & Gas, Associate

Mizuho•New York City, NY

18h•Hybrid

About The Position

This position requires an individual who can skillfully serve as a linchpin between the various stakeholders within the branches, agencies and other credit departments. The Credit Department VP must possess a good understanding of the Oil & Gas Industry and have his/her finger on the pulse of market trends in order to make accurate recommendations to senior management regarding credit requests.

Requirements

Proven credit analysis skills and related analytical skills/knowledge/abilities: Exhibits a capacity to analyze the underlying credit trends, including the competence to accurately assess credit migration trends and default possibility of the borrowers.
Has Oil & Gas Industry and non-IG experience, including RBL for smaller E&P companies.
Demonstrates credit skills/ability to accurately identify and evaluate underlying risk elements of the borrowers.
Aptitude to write well organized, accurate and in-depth reports based on information gathered ( including through the use of AI ) and thoughtful cash flow projections .
Strong multitasking ability to proactively monitor on an on-going basis the pool of credits to detect potential credit problems at an early stage.
Undergraduate degree in Accounting, Business, Finance or Economics or strong quantitative background.
Solid time management skills to complete own work and support senior team members .
Ability to plan and schedule work to meet both long term and short term time frames.
Consistently demonstrates effective analytical, verbal and written communication skills.
Ability to present credit package to decision maker.
Excellent interpersonal skills.
Capable of working well independently and in teams.
Strong knowledge of Mizuho’s credit policies and procedures.
Effectively analyzes and solves problems/issues.
Proficiency with Capital IQ, Bloomberg, MS Excel, Word and PowerPoint
Formalized credit training from an accredited financial institution ( 6+ years experience) and proficient financial modeling skills.

Responsibilities

Provides effective analysis of credit including, worthiness of applicant, loan structure, risk return, applicant operating profile and industry profile including historical profit and loss performance, financial condition and cash flow.
Creates cash flow projections, commenting on the reasonableness of assumptions in both management’s and Mizuho’s sensitivity cases.
Compares the prospective borrower to its peers and notes industry trends.
Prepares accurate, clear, well-organized and complete written summary/analysis (Credit Opinion) with recommendations for approval or decline for transactions and comprehensive annual reviews.
Discusses with branches/agencies potential changes to credit structure or other conditions for which we would grant credit approval.
Assesses small E&P companies that have loans governed by borrowing base s comprised of oil and gas reserves (Reserve-Based :ending, or “RBL”) taking into account recommendations from independent reserve engineer, Mizuho RBL policy, regulatory guidelines, and basin(s)/other reserve characteristics.
Incorporates collateral analysis in credit opinion.
Presents credit approval recommendations to senior management.
Recommends appropriate internal and regulatory risk rating for each customer/transaction as required.
Coordinates with Energy relationship managers and portfolio managers.
Directly engages in external meetings/presentations/events with syndicate banks, rating agencies, clients, law firms and other related parties, in co-ordination with coverage bankers, other product partners and Mizuho affiliates.
Proactively monitors and assesses assigned borrowers/industry subsectors including market data such as share price, EDF, CDS or loan secondary price or other appropriate indices and reports the information and its impact on credits/industries to Senior Management in a timely manner.
Complies with credit standards, policies, objectives and requirements.
Plays strong management role with branches/agencies to ensure they understand and comply with the policies.
Acts as liaison between, gathers information (especially on problem customers) from and exchanges views with branches/agencies/other Credit Departments and senior management regarding issues related to credit applications, monitoring, analysis, standards and policies.