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Energy Industry Credit Consultant - Houston, TX #6780428

Company: SunTrust Banks

Date: 09/11/2019

Category: Energy and Utilities

City: Houston, TX

Req ID: W467299

Job Description
This position supports a $1.7 Billion reserve based loan portfolio for the Energy Group. It reviews oil and gas reserves 2-4 times per year for collateral adequacy and loan amortization capabilities for customers to secure a revolving credit facility. We also support oil and gas M&A activities when financing (either bank or HY debt ) is a component of the transaction.

Evaluate prospective customers' oil and gas reserves to be used as collateral to secure a revolving credit facility. Reserves must be evaluated according to STRH lending policies using pricing and operating practices. Results are loaded into proprietary lending model to determine the appropriate loan amount and then submitted to the approving Risk Manager.

The Petroleum Engineer has broad discretion, subject to approval of the Head of Petroleum Engineer, to evaluate and model the oil and gas properties appropriately in order to reflect the specific economic situation for each loan.

When SunTrust syndicates a loan, the petroleum engineer coordinates the distribution of all technical information to the bank group and answers questions to support a successful borrowing base determination.
Directed by the Head of Petroleum Engineering.

No direct reports; broad discretion over how each assignment is completed.

Liberal autonomy over how and when each borrowing base is completed as long as it falls within known response deadlines, typically one week.

Borrowing base determination can range from straight forward to highly complex with having to combine up to six companies/entities to derive multiple outcomes with different debt structures and interest rates/terms.

This person will be the primary technical person for SunTrust to know and discuss the his assigned customers business as needed with internal SunTrust persons.

The Petroleum Engineer must be able to manage and prioritize his own schedule and multiple evaluations as required in order to respond within deadlines.

As a Risk Manager, this position is on the front line in identifying risks and mitigants for all loans where revenues from oil and gas production are the primary means of repayment. The petroleum engineer will own the risk of his work being comprehensive, insightful and correct. Major errors can subject the bank to substantial loss of principal and/or a risk of a failed loan syndication with associated damage to the SunTrust reputation and brand.
Minimum Requirements:

B.S. in Petroleum Engineering or another engineering field with a minimum of 10 to 15 years oil and gas industry experience. Experience must include reservoir engineering, economic analysis and transactional experience. Must be proficient with ARIES and PHDWin petroleum economics software, MS Office suite, strong communication skills and ability to write concise, complete technical reports. Travel required as needed by customers.

Preferred Qualifications:

B.S. Petroleum Engineering with 20 years of industry experience.
Equal Opportunity Employer: SunTrust supports a diverse workforce and is a Drug Testing and Equal Opportunity Employer. SunTrust does not discriminate against individuals on the basis of race, creed, color, gender, religion, national origin, age, disability, veteran status, pregnancy, marital status, citizenship status, sexual orientation, gender identity, genetic information, or any other classification protected by applicable laws.

To review the EEO Poster, copy and paste the following link into your browser:

© 2017 SunTrust Banks, Inc. All rights reserved.

SunTrust is federally registered service marks of SunTrust Banks, Inc.

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