Loan Workout Officer - Salt Lake City (In Office)

Job description

Zions Bancorporation is one of the nation’s premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker magazine as having a top banking team in its list of “The Most Powerful Women in Banking.” Our customers consistently vote us as the best bank in our local markets. We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a “local” business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers.

nWith benefits starting on day one, 12 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity.

nZions Bancorporation is currently hiring a Loan Workout Officer to join our Special Assets Team.

nSpecial Assets (SAG) is responsible for loans and credit relationships for which the borrower is experiencing financial difficulty and repayment could be in doubt, or even so bad as to warrant a liquidation. Our mission is to work with the borrower to find a way to restore the credit or, if not possible to restore, then to minimize the bank’s loss exposure.

nThis Loan Workout team supports Zions Bank and Vectra Bank’s large commercial loans from $1M up to $50M or larger and are responsible for the workout of adversely graded commercial loans through the restructuring of debt, negotiation of settlement agreements, pursuit of appropriate legal action and/or the liquidation of collateral. There is a total of 6 people on the team and we offer a good work/life balance with flexible schedules. We offer training through Zions’ Credit Training programs.

nThe ideal candidate will have the skills and experience to:

nnnCollects and resolves problems on troubled loans

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nnSecures collateral, equity or assets of the borrower to preserve the loan principal, gathers interest and prevents the loan from being placed on non-accrual and prevents or limits losses.

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nnResponsible for the workout of adversely graded loans through the restructuring of debt, negotiation of settlement agreements, pursuit of appropriate legal action and/or the liquidation of collateral.

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nnLiquidates real estate or other assets as necessary and/or manages properties or other assets owned by bank.

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nnReviews lender liability issues to avoid lawsuits and keep legal expenses under control.

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nnDevelops good working relationships with internal and external industry contacts.

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nnMaintains knowledge of laws, regulations, internal policies and procedures appropriate to the position.

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nnMay provide assistance to less experienced Workout Officers.

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nnOther duties as assigned.

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n nQualifications:

nnnRequires a Bachelors in Finance, Business, Accounting or related field

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nn4+ years commercial/RE/business loans, lending laws, credit analysis, credit monitoring, loan workouts, lending or other directly related experience.

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nnA combination of education and experience may meet qualifications.

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nnEmploys advanced knowledge as a generalist or specialist of commercial/business lending, lending laws, bankruptcy laws and cash flow analysis.

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nnAdvanced working knowledge of collection processes and practices.

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nnExcellent interpersonal and communication skills, both oral and written required.

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nnStrong analyses, negation and problem resolution skills.

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nnAbility to work individually and as part of a team.

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nnAbility to identify, research, coordinate and resolve issues.

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nnMust be organized, detail-oriented and able to multi-task.

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nnStrong computer skills (Excel, Word, PowerPoint). Knowledge of Risk Grading.

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n nWork Location:

nnThis position is fully in office (5 days a week) at the Zions Bancorporation – 1 South Main Street, Salt Lake City, UT 84133

n nBenefits:

nnnMedical, Dental and Vision Insurance - START DAY ONE!

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nnLife and Disability Insurance, Paid Parental Leave and Adoption Assistance

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nnHealth Savings (HSA), Flexible Spending (FSA) and dependent care accounts

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nnPaid Training, Paid Time Off (PTO) and 12 Paid Federal Holidays

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nn401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience

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nnMental health benefits including coaching and therapy sessions

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nnTuition Reimbursement for qualifying employees

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nnEmployee Ambassador preferred banking products

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n nReq ID:

nEqual Opportunity Employer

nIt is the policy of this corporation to provide equal employment and advancement opportunities to all employees and applicants for employment, without regard to race, color, religion, age (40 and over), sex, pregnancy, gender, disability, national origin, ethnic background, citizenship, veteran status, sexual orientation, gender identity and expression or any other characteristic protected by applicable law. This policy is established and administered in accordance with all applicable federal, state, and local laws.

nIf you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for employment, please contact us at , Mon.-Fri. between 9 a.m. - 5 p.m. MST.

nClick here to view applicable Federal, State and/or local employment law posters.

Worksite address

salt lake city, UT, 84193, US

Who can apply

Review the original listing for work authorization, qualifications and employer requirements.