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Credit Products Underwriter I - Energy Banking

Houston, TX, US

Req ID: 61805 

Job Location: Houston Houston TX 

Areas of Interest: Commercial Banking, Energy; Commercial Credit Underwriter; Underwriting 

BOK Financial (BOKF), Headquartered in Tulsa, Oklahoma, BOK Financial Corporation (NASDAQ: BOKF) is a top 25 U.S.-based financial services holding company with operations in ten states – Oklahoma, Texas, Arkansas, Arizona, Colorado, Kansas/Missouri, New Mexico, Nebraska and Wisconsin. The company began more than 100 years ago in Tulsa and has successfully diversified into a variety of industries, businesses and geographies.                  .

Bonus Type

Formula Based


Join us as a Credit Product Underwriter III- Energy. Our commitment to you is a positive work environment, a deep connection to our communities, and a focus on putting our clients first. Energy lending has been a core competency of BOK Financial for over 100 years, and this specialty lending business is a key differentiator for us in the financial services industry.

About the Role

In this highly analytical and client-facing role, your primary responsibility will be underwriting more complex and specialized transactions in partnership with the Relationship Manager and Senior Credit Product Underwriter. You will focus on underwriting deals that fall into the Energy portfolio at BOKF; upstream midstream and E&P companies. Energy participates in a significant portion of the bank's syndicated deals.  You will provide product and industry information to the client by designing and executing integrated solutions on transactions. 

What You Can Expect

The majority of your time will be spent analyzing, designing, and executing deals and partnering with the Relationship Managers to generate revenue and increase profitability.  Energy deals can range from the very simple to very complex, where the bank is soliciting capital or equity from very reputable and sophisticated groups. The portfolio is reviewing twice a year, and you will respond to request about waiving covenants or amending agreements.

Team Culture

The Energy Underwriting team is dynamic; you are working in an industry that is always changing.  This niche space allows the opportunity for you to become a specialist and understand deals in a way most people do not.  We complete with Tier 1 institutions across the country, allowing you to perform this sophisticated work from our local markets.

“Work hard, play hard” is a motto we live by.  We have two hectic seasons a year, so providing work/life balance is key to our culture.  Growth in this space is a journey, and as you achieve various milestones, you will take on additional responsibilities and tasks.

How You'll Spend Your Time

  • You will prepare complex financial underwriting on mid to large energy transactions, which significantly impact profits for the lending division.   You may work on Syndicated or Club transactions.
  • You will recommend the final structure and pricing to the Relationship Manager and Credit Concurrence Officer and assume responsibility for all exceptions.
  • You will write all commitment reports for your specified loans and participate in loan committee presentations to provide additional information and/or to support conclusions reached in analysis.  
  • You will participate in joint calling on prospects and clients with the Relationship Managers, interacting with clients frequently, developing solid relationships, and assisting in developing new business.
  • You will mentor and coach more junior underwriters and interns, including managing the analysis workflow, covenant compliance testing, and financial statement spreading.

We'd Like to Talk to You

ACCOUNTING: You have comprehensive knowledge of intermediate accounting theory, GAAP, income-tax-based statements, cash and accrual, consolidation and elimination principles, and the effect each type of accounting has on the underwriting process.  

COMMUNICATION:   You’ll need exceptional verbal and written communication to express yourself clearly and concisely to internal and external clients, including C-level audiences.

ANALYTICAL THINKING: You approach a problem logically, systematically, and sequentially.

Education & Experience Requirements

The required level of knowledge is normally acquired through a Bachelor’s degree in Accounting, Finance, or related field and 8+ years of Credit Analysis/Credit products underwriter experience; or an equivalent combination of education and experience.

  • Comprehensive accounting & cash flow knowledge, with demonstrated knowledge of intermediate accounting theory (including the difference between GAAP and income-tax based statements, cash and accrual accounting, consolidation and elimination principals, and the effect each type of accounting has on the underwriting process)
  • Succinctly identify the drivers and/or potential threats to cash flow and structuring in order to mitigate that risk, if possible
  • Solid working knowledge of rules, regulations and documentation
  • Clearly communicate and convey information and ideas through a variety of channels
  • Leverage a network of relationships with clients, Relationship Managers, and peers for support in achieving both the individual and organizational goals
  • Strong knowledge and understanding of credit principles, lending functions, loan analysis, and application of general credit policies
  • Excellent organizational skills and meticulous work habits
  • Solid critical review skills focused on errors and incorrect conclusions
  • Ability to complete assignments quickly and efficiently with minimal direction
  • Proactive communication skills (internally with colleagues and senior personnel and externally)
  • Good conflict management skills
  • Possess the courage and confidence to have difficult conversations or voice differing opinions (both internally and externally)
  • Ability to work efficiently under limited timeframes
  • Strong knowledge of loan documentation, loan policy and regulations
  • Excellent knowledge of the Loan Grading Process
  • Excellent oral and written communications skills
  • Advanced PC and spreadsheet software skill

BOK Financial is a stable and financially strong organization that provides excellent training and development to support building the long term careers of our employees. With passion, skill and partnership you can make an impact on the success of the bank, our customers and your own career!

Apply today and take the first step towards your next career opportunity!
BOK Financial is an equal opportunity employer.  We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, sexual orientation, genetic information or veteran status.

Please contact recruiting_coordinators@bokf.com with any questions. 


Investing in our talent and building a great workplace is a top priority for us.

  • Empowered employees
  • Award-winning culture
  • Community commitment

Base salary range explanation:

The base salary range represents an average range for this position. Actual offers to be determined based on the candidate’s qualifications, skills, experience and education. See job details for salary range and bonus type.


BOK Financial offers industry-leading benefits addressing your complete physical, financial and emotional health. Click here to see our benefits.


BOK Financial is an award-winning $46 billion regional financial services company and one of the top 30 banks in the U.S, based in Tulsa, Oklahoma.

We seek to continually foster and support the principles and values of our company by promoting an environment that is inclusive of the diverse values, opinions, experience, culture and needs of our employees, clients and communities.


  • 5,100 employees
  • 28 years of financial profitability
  • $79+ billion assets under management and administration
  • $5.8 million in charitable contributions in 2019 and $86 million since the start of the BOKF Foundation in 1998

Nearest Major Market: Houston

Job Segment: Banking, Credit, Bank, Equity, Accounting, Finance

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