Petroleum Engineer

Citizens Financial Group • Houston, TX

9d • Hybrid

About The Position

The Petroleum Engineer partners and interacts with the Senior Petroleum Engineer and the Energy Team’s Relationship Managers (RMs), Portfolio Managers (PMs) and Credit Officers, and is responsible for the technical evaluation of oil and gas assets. The successful incumbent has strong interpersonal, business skills, and excellent verbal and written communication skills, skilled in collecting and analyzing complex data and possesses excellent listening and problem-solving skills, work independently and collaboratively, while building strategic relations with colleagues and constituents.

Requirements

• 5-7 years of relevant experience in reserve evaluation and risk assessment in the Energy Industry
• Proficient in Aries for Windows, PHDWin, Microsoft Office
• Evidence of strong business judgment, communication, leadership and integrity
• Bachelor's Degree from an accredited university in Petroleum Engineering or related degree
• Strong customer-centric mindset
• Persistence and resilience in the face of challenges
• Embrace continuous learning to adapt and grow in a dynamic environment

Nice To Haves

• Financial Industry background is preferred

Responsibilities

• Conducting thorough due diligence activities with the client and Agent Bank technical teams to confirm the use of prudent assumptions in the projections including an assessment of past performance, industry trends, and in-basin peer performance.
• Obtaining data for engineering evaluation from customer's engineering and financial personnel, using engineering expertise to analyze data provided by customers to determine validity and accuracy of information, while using accepted petroleum engineering methods to arrive at oil and gas reserve estimates.
• Preparing memos that summarize the results of the evaluation including risk assessment, quality of customer's technical staff and grading of collateral characteristics.
• Communicating to the loan committee the RBL results and risk assessment of the engineering evaluation of oil and gas properties, to ensure all pertinent aspects of the collateral are known and understood.
• For Agented deals, assisting clients in preparing engineering information for syndication purposes and interfacing with prospective participating bank engineers and bankers to assist in their internal reserve analysis.
• Assisting in marketing efforts by making outside calls with Relationship Managers (RM's) with an emphasis on potential customers where technical knowledge will help generate new business.
• Screening potential new loans for viability.
• Collaborating with the Senior Petroleum Engineer, RM’s, PM's and Credit Officers on the RBL valuation process, inherent risks and value determination methods and provide input to the periodic assessment of Bank commodity price assumptions used for the determination of loan values.
• Initiating recommendations to improve the efficiency of engineering software and hardware.
• Participating in presentations to leadership, Credit Officers and other bank groups as needed.

Benefits

• competitive pay
• comprehensive medical, dental and vision coverage
• retirement benefits
• maternity/paternity leave
• flexible work arrangements
• education reimbursement
• wellness programs
• paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States

What This Job Offers

• Job Type: Full-time
• Career Level: Senior