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CIBC · 4 weeks ago

Director, Petroleum Engineer

Houston, TX

Full-time

Onsite

Senior Level, Lead/Staff

10+ years exp

CIBC is a relationship-oriented bank for the modern world, seeking a Director, Petroleum Engineer to lead the assessment of collateral value for oil and natural gas assets. The role involves analyzing reserve reports and cash flow projections while ensuring compliance with lending guidelines and contributing to risk management strategies.

BankingCredit CardsFinancial Services

H1B Sponsor Likely

Responsibilities

Evaluate corporate reserve reports with a view to establishing an independent lending value that is in adherence to CIBC’s lending guidelines, independently of the loan production and credit approval functions

Assess the quality of the client’s, or prospective client’s) asset quality, experience and competence of a their technical team, and the reasonableness of their business strategy

Utilize industry software (e.g. Aries) to confirm client reserve assessments

Review the technical and economic input parameters to the client reserve report to ensure compliance to historical data

Deliver corporate cash flow projections using CIBC’s standard templates incorporating economic assumptions such as production forecasts, reserves, commodity prices, operating costs, and discount rate

Prepare evaluations for credit applications that contain an independent assessment of an appropriate lending value, and the risks and merits of the client and their asset portfolio

Provide input for CIBC’s price forecasts for oil and natural gas at least semi-annually or as market conditions dictate

Compile semi-annual portfolio analysis

Support US Corporate Solutions Group with commodity derivative (hedging) analysis

Provide input and analysis to Institutional Structuring and Securitization Group for deals supported by oil and natural gas collateral

Qualification

Petroleum EngineeringEconomic EvaluationsOilNatural GasIndustry Software (Aries)Analytical CapabilitiesRelationship ManagementLeadership SkillsCommunication SkillsTime Management

Required

10+ years of domestic oil and natural gas evaluation experience, preferably with a financial institution, exploration & production company or engineering consulting firm

Expertise in economic evaluations of exploration, development and exploitation properties

Familiarity with major resource plays in the United States

Excellent oral and written communication skills

Strong leadership skills and an ability to manage a team

Excellent research skills and analytical capabilities

Strong relationship management and interpersonal skills

Superior time management skills, with ability to effectively prioritize

Successful candidates must exhibit CIBC's values of trust, teamwork, and accountability

Benefits

Medical

Dental

Vision

Health Savings Account

Life Insurance

Disability

Other Insurance Plans

Paid Time Off (including Sick Leave, Parental Leave, and Vacation)

Holidays

401(k)

Company

CIBC

Glassdoor4.0

CIBC is a financial service company that offers business solutions.

Founded in 1867

Toronto, Ontario, CAN

10001+ employees

https://www.cibc.com

H1B Sponsorship

CIBC has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

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Trends of Total Sponsorships

2023 (1)

2021 (8)