Commercial Valuation Svs Exec - Oil & Gas Engineer

Commercial Valuation Svs Exec - Oil & Gas Engineer

Dallas, Texas;Houston, Texas; Charlotte, North Carolina; Chicago, Illinois; Denver, Colorado

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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

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.