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Vice President Energy Risk Management Houston Texas TX

Vice President Energy

Houston, Texas

Our client, a key global organization seeks a talented individual to join the Risk Management Credit team in Houston. Working as part of high profile team who deal extensively with senior management; your ability and proven record of effectively managing and analyzing complex transactions will be key to the success of the role and our businesses. The Risk Management Group is an independent, centralized unit responsible for assessing and monitoring risks. This includes market and liquidity risk, credit risk, compliance risk and operational risk. Risk Management Group personnel liaise closely with all operating areas to ensure risks are understood and properly managed.

You will be a key member of a team that assist in the execution and structuring of complex structured finance and derivative transactions in a deal-oriented environment.

The successful candidate will ideally bring US Energy industry experience. This role will be pivotal in facilitating the development of our client energy businesses in North America.

KEY RESPONSIBILITIES

  • Assisting in the execution, structuring and objective analysis of new complex transactions
  • Ongoing dialogue with international Senior Risk Management and businesses to identify relevant key business and risk related issues and make appropriate recommendations.
  • Ensuring that appropriate guidelines, procedures and approvals are in place for new products and limits, through proactive liaison with the appropriate business units and other relevant areas, including senior management in the Risk Management Group
  • Oversight and development of a team of analysts

KEY EXPERIENCE AND SKILLS

  • Strong track record of execution, structuring, analysis and approval of complex and diverse transactions in a fast-paced and deal-oriented environment.
  • Existing knowledge of the North American market. Exposure to Power transactions would be beneficial
  • Strong commercial orientation and understanding of business and risk-related issues
  • Qualifications in finance, economics, engineering, or other quantitative disciplines, ideally with postgraduate studies
  • Persuasive communication skills (both written and verbal) and confidence when being challenged
  • Ability to build strong, open, dialogue-based relationships with relevant businesses, clients and colleagues
  • Self-directed in an unpredictable market environment
  • Pro-active, flexible and outgoing
  • A  Bachelor’s Degree in Petroleum or related Engineering plus a Master’s degree in a financial discipline (MBA, Accounting, or Finance) is strong plus.

The select candidate will be offered an outstanding base salary plus incentive opportunities and a benefits package second to none in the industry!

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CV Resume of Candidate 21458 Energy Leader Executive Vice President Petroleum Reservoir Engineering seeking new opportunity open relocation

ENERGY INDUSTRY LEADER

Energy Industry Leader with twenty-eight years experience in the energy sector. Skillful negotiator with expert qualifications in identifying market opportunities and operating solutions to drive optimal revenue and profit growth. Successful in cultivating and building strategic alliances, joint ventures and partnerships.

COMPETENCIES

Strategic Business & Market Planning · Joint Venture Alliances & Partnerships · P&L Management

Risk Assessment & Management · Strategic Decision Making · Interdisciplinary Team Leadership

Portfolio Strategy · Acquisition & Divestitures · Reserve Calculations & Reservoir Engineering

Drilling, Completion & Workover Operations · Production Planning & Optimization

PROFESSIONAL EXPERIENCE

Confidential Company, Houston, Texas                                                           2008 – Present

Executive Vice President, Engineering

Formed Company in 2008.  Company is a private Texas limited liability company backed by Major Investment firm.  It is engaged in the acquisition, exploitation, development and production of crude oil and natural gas in Texas.

Significant Accomplishments:

  • Acquired 500 MBOe in Madison County, Texas(Madisonville).
  • Assembled and managed team to operate acquired property(12 operated wells).
  • Implemented workovers and facilities modifications to improve profitability at Madisonville.
  • Evaluated and requested funding for ‘bolt-on’ acquisitions at Madisonville.
  • Evaluated and recommended drilling programs at Madisonville.
  • Evaluated and requested funding for additional acquisitions in Texas, Louisiana and Mississippi.
  • Evaluated and requested funding for joint ventures in Texas, Louisiana and Pennsylvania.
  • Prepared reserve reports and recommended bank facility to fund drilling program.

Major Consulting Firm, Houston, Texas                                                           2006 – 2008

Director

Recruited for business development, project management, technical evaluation and data room presentations for various divestiture projects.

Significant Accomplishments:

  • Managed EnerVest Shiloh(East Texas) divestment – sold to Fidelity for $235MM.
  • Managed Metano Energy(South Texas, Gulf Coast) divestment – sold to Legend for $135MM.
  • Managed Nadel and Gussman East Texas divestment – sold to XTO Energy.
  • Secured Aethon(Permian Basin, Oklahoma) and Bold Energy(Permian Basin) divestments – sold to Sheridan and an Undisclosed Buyer, respectively.
  • Provided reservoir engineering support for all East Texas/North Louisiana projects.
  • Recruited associate to join firm.

Confidential Company, Houston, Texas                                                           1996 – 2006

Vice President, Reserves & Acquisitions (2004 – 2006)

Promoted to assemble and manage the M&A Team and to direct the reserves process to include Sarbanes-Oxley compliance. Develop SEC and bank reserve documentation and reporting.

Significant Accomplishments:

  • Assessed stock trade value of Petrohawk Energy and assisted senior management in the company’s successful merger agreement with Company.
  • Secured the acquisition of Devon properties in North Louisiana, East Texas and Mississippi. Acquired 47 BCFe for $86.9 million.
  • Secured ExxonMobil property in Wharton County, Texas. Acquired 12.4 BCFe for $24.8 million.
  • Acquired Vintage property in Lincoln Parish, Louisiana (11.2 BCFe for $26.2 million).
  • Closed nine minor acquisitions (acquired for $6.4 million) with initial estimates of 2.9 BCFe.
  • Led the divestiture of Bearhead Creek, South Louisiana, Murdock Pass and LaPlaya in South Texas.
  • Delivered midyear 2005 reserves of 378 BCFe and a PV10 value of $1.2 billion, and year end 2005 reserves of 452 BCFe and a PV10 value of  $1.7 billion.

Vice President, Gulf Coast Division Engineering (2002 – 2004)

Accepted dual responsibility leading an engineering and production team of 40 while coordinating reserve reports to restructure debt and increase funding capital for future projects. Challenged to improve production performance and drilling success within the Gulf Coast region.

Vice President, Mid Continent Division Engineering (1996 – 2002)

Recruited as a Reservoir Engineer and promoted to assume leadership for an engineering and technical team of 25 performing production/drilling operations in North Louisiana and West Texas. Responsibility for a $20 million operating budget, all staffing and training, cost containment, forecasting and reporting.

Confidential Company, Houston, Texas                                                           1994 – 1996

President

Established two consulting companies providing reservoir and environmental engineering services to major oil and gas companies. Secured engagements with Exxon Company, Valence, Swift Energy and Petrocorp. Calculated deterministic SEC proved reserves using volumetric analysis and well performance. Installed air pollution reduction equipment, and performed air permitting, soil contamination and remediation services.

EXXON COMPANY, USA, Houston, Texas                                                   1981– 1994

Reservoir Engineer/Surface Facilities Engineer/Environmental Engineer

Computing Group Technical Advisor

Thirteen year career highlighted by increasingly responsible engineering leadership roles in the Gulf Coast within reserves development, project economics and environmental compliance. Recognized for maximizing profitability by drilling  40 wells and working over 150 wells during tenure. Provided production, capital and expense forecasts to support strategic planning at District, Division and Corporate levels.

EDUCATION

Louisiana Tech University, Ruston, Louisiana, BS, Petroleum Engineering

Cum Laude…GPA 3.46

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Energy Resume Energy CV Candidate NA-1454971300 Bilingual Spanish Risk Manager Seeking new opportunity open to relocation MBA Texas A&M BS Civil Engineering Bringham Young

EDUCATION:

Texas A&M University – College Station, Texas May 2002

Masters of Business Administration – Finance Emphasis

Brigham Young University – Provo, Utah December 1997

Bachelors of Science Civil Engineering

Engineer in Training Certificate

Spanish Study Abroad – Argentina Oct 1990 – Oct 1992

EXPERIENCE:

Confidential Company

October 2010  – Present

Managing integration of energy acquisition for global investment bank.

Confidential Company Director Risk Analysis

January 2007 – June 2010

Work directly with CRO on all ad hoc senior management requests and executive reporting. Responsible for risk valuations and analysis in Board of Directors presentations and investor Calls.  Valued other company’s trade books for potential merger and acquisition opportunities.  Forecast the company’s gross margin, stress test the portfolio and reconcile changes to budget for Senior Management.  Worked with Credit group to provide scenario testing for S&P credit survey and margining thresholds.  Manage Term analysts to ensure their forward risk books accurately reflect Companies exposure to market changes.  Developed and maintained risk metrics to update senior management of commodity exposure.

Same Company Manager Risk Analysis

September 2005 – January 2007

Worked with Bear Stearns investment bank to create the Intra–Month and Term risk reports under the joint venture.  Managed the daily reporting of Companies position, P&L and various volumetric and monetary limits on a daily basis.  Responsible for the risk analysis of trader’s physical and financial trades and explanation of changes in position and P&L.  Worked closely with Bear Stearns employees to ensure proper recording of P&L at month end and to reconcile any variance.  Served as main point of contact for Bear Stearns and Company regarding risk and valuation.

Same Company MBA Rotational Program

May 2002 – September 2005

Associate Risk Analysis (Term)

Calculated forward risk books on a daily basis to facilitate trading activities.  Explained any changes to position and P&L to the traders and management as needed.  Booked structured deals in Risk Management System (Nucleus) in order to appropriately manage associated risks.  Worked closely with Structuring group to ensure structured deals are accurately reflected in Nucleus and to reconcile any modeling differences.  Developed tool for deal capture to accurately book all components of heat rate deals in Nucleus and for Term analysts  to check if deal is booked correctly.  Performed ad hoc analysis and projects as needed.

Associate Gas Scheduling

Coordinated with the Gas and Power Desk in order to schedule the correct gas volumes to various plants as needed.  Maintained relationships with several pipeline representatives to ensure gas demand for each plant was met and to avoid costly penalties associated with ramp rates and plant outages.  Worked closely with accounting to settle pipeline invoices and explain differences.  Set up risk book for gas traders to manage fix price exposure and physical gas requirements during bid week.

Associate Risk Analysis (Intra-Month)

Maintained traders positions and P&L and explained respective changes to traders and management as needed.  Monitored  Intra-Month exposures and interfaced with Trading, Deal Capture, Scheduling and Accounting Departments to ensure proper recording of P&L. Monitored daily actualization activities among middle and back office to ensure the integrity of P&L.  Worked closely with accounting to tie out any differences to Risk Flash process at end of month.  Developed improvements to automate and improve efficiency of Intra-Month books.

El Paso Corporation MBA Summer Intern

May 2001 – August 2001

Created hedge strategies for El Paso Field Services in order to comply with FAS 133 requirement.  Compiled hedge strategy documentation for risk book to be maintained by Risk Management Group on an on-going basis.  Performed an extensive series of linear regression analysis on the changes in NGL commodity prices using various indexes as  underlyings.  Determined where Field Services is under/overhedged with regards to price exposure and worked to renegotiate contracts in order to increase the effective NGL volumes that are marketed.

Bechtel Corporation Civil/Structural Engineer

April 1999 – August 2000

Civil/Structural Area Lead Engineer – Aberdeen Chemical Disposal Facility

Responsible for coordinating with client and other engineering disciplines to design and analyze structures, buildings, pipe racks and foundations.

January 1998 – April 1999

Structural Engineer – Chevron Normal Alpha Olefin Expansion Project

Responsible for the production of working drawings and calculations, and the 3-d Micro Station model for reviews with client.  Coordinated with other engineering disciplines throughout the design stage to optimize engineering design.

SKILLS/COMPETENCIES:

Knowledge of options, Black Scholes Model, swaps, futures and other derivatives.

Computer skills: Highly proficient in excel both creation and use of complex excel based models.  Proficient with Nucleus Risk Management System, Curve Manager, LIM, FEA and Microsoft products including Word & PowerPoint. Fluent in Spanish.  Good communication skills and willingness to work as a team.

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