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SalaryDescription
The Senior Petroleum Engineer partners and interacts with 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.
Primary responsibilities include but will not be limited to:
Appraisal Evaluations:
- 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 appraisal 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.
Marketing and New Business:
- 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.
Training and Collaboration:
- Collaborating with RM’s, PM's and Credit Officers on the appraisal 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.
Minimum Qualification Requirements
- 10 or more 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
- Financial Industry background is preferred
Education:
- Bachelor's Degree from an accredited university in Petroleum Engineering or related degree
Hours & Work Schedule:
- Hours per Week: 40
- Work Schedule: Monday through Friday
Pay Transparency
The salary range for this position is $200,000 - $275,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.
Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.
Equal Employment Opportunity
At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.
Equal Employment and Opportunity Employer
Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.
Why Work for UsAt Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth
