Loan Workout Officer - Salt Lake ; In Office

Loan Workout Officer - Salt Lake City (In Office)
With 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.

Zions Bancorporation is currently hiring a Loan Workout Officer to join our Salt Lake City team!

This Loan Workout team supports Zions Bank and Vectra Bank’s large commercial loans from $1M up to $50M or larger and are r esponsible 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 5 people on the team and we offer a good work/life balance with flexible schedules.

We offer training on Zions’ Credit Foundations program.

The ideal candidate will have the skills and experience to:

Collects and resolves problems on troubled loans

Secures 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.

Responsible 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.

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

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

Develops good working relationships with internal and external industry contacts.

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

May provide assistance to less experienced Workout Officers.

Other duties as assigned.

Qualifications:

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

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

A combination of education and experience may meet qualifications.

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

Advanced working knowledge of collection processes and practices.

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

Strong analyses, negation and problem resolution skills.

Ability to work individually and as part of a team.

Ability to identify, research, coordinate and resolve issues.

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

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

Easy access to the City Creek UTA TRAX station, as well as various electric vehicle charging stations in most City Creek area garages;

An employee-only fitness center and bike storage;

An employee lounge, kitchen, micro market, game tables, couches and TVs;

Private mothers’ rooms and lockers; and

Access to downtown shopping, dining, arts and entertainment.

This position will be open until filled.

All candidates, including those with criminal histories will be considered for employment. However, a background check adjudicated consistently with the FDIC Section 19 regulation will be completed on any candidate who accepts a conditional job offer from the Company. Because the Company is a financial institution, the FDIC guidelines apply to all positions within the company and as such any and all job duties have a direct relationship to a candidate’s criminal history and that criminal history would need to align with the FDIC Section 19 regulations.

Zions Bancorporation, National Association prohibits illegal discrimination and reaffirms its policy of providing Equal Employment Opportunity (EEO), by extending 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, protected veteran status, military service, sexual…