Job Description
Position Overview At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. As a Petroleum Engineer, you will report to the Head of Engineering within PNC’s Independent Risk Management organization.
This is a hybrid position which provides flexibility to work both in the office and remotely and is based in Houston, TX. Certain job responsibilities may require time in the office on a regular basis.
We are seeking the following qualifications:
• Evidence of success in working in a fast-paced environment with strict
deadlines.
- Experience in major onshore US basins preferred.
- Prior experience with petroleum engineering software Aries or PHDWin is
required.
• Strong proficiency in Microsoft Excel including advanced functions (e.g.
VLOOKUP, pivot tables, macros) and data analysis tools.
• Proficiency in Microsoft Access including database design, query, and
reporting data analytics.
• Experience in Spotfire (or equivalent) to create and maintain dashboards,
visualizations with the ability to analyze and interpret complex data sets.
• Ability to communicate engineering findings effectively to both technical
and non-technical stakeholders.
• Ability and willingness to keep abreast of industry trends, basin trends,
A&D trends, and operator track records.
• Familiarity and/or experience in Enverus (or similar) to analyze data,
assess performance, and provide actionable insights.
• Serve as a resource and partner for entire bank for knowledge and insight
regarding basic engineering analysis techniques and any energy related
trends, which at times may even require support for special energy
projects such as renewables, ESG initiatives, carbon capture, etc.
• Collaborative, team player with the willingness to partner on special
projects and in-person meetings/presentations.
• Experience at an active E&P company, a third-party reserve audit firm, an
A&D firm, or financial / banking institution.
• Professional engineering license and/or finance experience is a plus.
Primary Roles and Responsibilities:
• Provide support for PNC Energy Team consisting of primarily Credit,
CPG/Underwriting, and C&IB.
• Complete thorough, independent engineering due diligence assessment of
proposed deals and redeterminations for existing and prospective RBL and
Midstream onshore US oil and gas clients by assessing engineering and
commercial viability and identifying key risks, typically semi-annually, for
existing clients and as needed throughout the year for prospective clients.
• Assess technical risks for each deal and client using information provided
by client for analysis, prior industry experience, and data service or other
outside industry resources, ensuring potential risks are conveyed to
appropriate Energy Team members (Credit, CPG and C&IB).
• Apply standard reserve reporting methodology to engineering analysis that
adheres to internal PNC Engineering Policy guidelines, Underwriting Policy,
OCC guidelines and all other PNC policies as well as oil and gas reporting
SEC and PRMS guidelines, with basis of loan value analysis rooted in
valuation of proved reserves, prior experience with reserve classification a
plus.
• Communicate key findings to Energy Team members in a concise, relevant,
effective manner through written documentation as well as pre-screen or
other formal approval meetings with key decision makers; requires strong
communication skills and fundamental understanding of economics,
payouts, rates of return, and cash flow to assess fully assess and
communicate technical risk especially to non-engineering Energy Team
members.
• Collaborate with Energy Team members to develop final approval package,
supplying engineering outputs, including but not limited to a
comprehensive Excel cash flow tool, a written high-level engineering
summary, and a detailed written summary for each package approval.
Other Roles and Responsibilities:
- Interface with clients and agent bank representatives.
- Attend in-person client and other necessary meetings, when possible,
which may require limited out-of-town travel at times.
• Create semi-annual technical lookback analysis publication and present
takeaways and process improvement areas to larger Energy Team on
Upstream Secured loan portfolio after each spring and fall redetermination
season.
• For existing RBL clients where PNC is administrative lead, in addition to
preparing basic due diligence analysis described previously, responsible
for fielding Q&A from syndicate partners, preparing data site materials, and
proposing a loan value for the syndicate. Job Description Monitors reservoir production; evaluates reservoir development opportunities to optimize and improve production performance.
Provides production forecasting, production tracking and optimization, and production reporting for oil and gas production operations.
Works with engineering support to analyze the root causes of failures and reports on production disruptions.
Identifies, evaluates and recommends enhanced recovery and work-over opportunities to enhance reservoir production.
Leads and coordinates the development, implementation and support of reservoir development standards, guidelines and work practices.
PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:
Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.
Qualifications Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.
Preferred Skills Analytical Thinking, Commercial Real Estate, Competitive Advantages, Consumer Lending, Credit Risk Management, Data Analytics, Decision Making, Financial Operations, Portfolio Risk, Risk Appetite Competencies Business Ethics, Decision Making and Critical Thinking, Effective Communications, Engineering Services, Finance and Accounting, Oil & Gas Industry, Oil And Gas Production, Problem Solving, Regulatory Environment (Oil and Gas) Work Experience Roles at this level typically require a university / college degree. Higher level education such as a Masters degree, PhD, or certifications is desirable. Industry relevant experience is typically 8+ years. Specific certifications are often required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered. Education Bachelors Certifications No Required Certification(s) Licenses No Required License(s) Benefits PNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 8 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service. To learn more about these and other programs, including benefits for full time and part-time employees, visit Your PNC Total Rewards .
Disability Accommodations Statement If an accommodation is required to participate in the application process, please contact us via email at
[email protected] . Please include “accommodation request” in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.
Equal Employment Opportunity (EEO)
PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.
This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.
California Residents Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.
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Job Tags
Full time, Temporary work, Part time, Work experience placement, Work at office, Remote work,