Reserves Evaluation Engineer

US Bank • Denver, CO

119d • $139,230 - $163,800

About The Position

This role is responsible for executing a comprehensive engineering process to evaluate customers' petroleum reserves in support of Reserve Based Lending (RBL). The successful candidate will apply strong technical expertise to assess collateral value and identify potential risks, contributing to the accuracy and efficiency of the lending process. The Reserves Evaluation Engineering culture revolves around innovation, creativity, execution, process improvement, and collaboration across all three lines of defense and regulatory bodies. Individuals seeking to join the team should possess an inquisitive, growth mindset, track record of taking initiative, and agility to problem-solve in a team setting.

Requirements

• B.S. Petroleum Engineering.
• 10+ years of relevant engineering experience.
• Experience and understanding of discounted cash flows and cash flow modeling.
• Strong Aries experience is required.
• Strong Microsoft Access and Excel skills; Excel modeling experience required.

Nice To Haves

• Advanced knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business.
• Advanced understanding of the business line's operations, products/services, systems, and associated risks/controls.
• Thorough knowledge of Risk/Compliance/Audit competencies.
• Ability to act with a high degree of independence.
• Effective written and verbal communication skills.
• Self-motivated with a high level of individual initiative.
• Strong analytical capabilities with the ability to make technically and economically sound recommendations with limited information.
• Excellent time management skills with ability to manage multiple assignments concurrently and meet deadlines.
• Strong analytical, problem-solving and negotiation skills.
• Proficient computer skills, especially Microsoft Office, SLQ, Python, and PowerBI Technologies.
• Applicable professional certifications.

Responsibilities

• Ensure accuracy, consistency, and timely completion of engineering evaluations.
• Conduct engineering and economic assessments of oil and gas assets for RBL purposes.
• Prepare detailed narrative engineering reports and supporting documentation.
• Communicate regularly with internal stakeholders and external clients regarding technical matters.
• Generate internal reports related to oil and gas portfolio performance and risk.
• Follow established credit policies and due diligence procedures.
• Analyze and present oil and gas cash flow projections.
• Utilize engineering software (e.g., ARIES, PHDWin) to model reserves and forecast production.
• Contribute to the development and refinement of engineering methodologies to improve processes.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree