Loan Workout Officer - CA, UT, NV, TX, AZ

Loan Workout Officer - CA, UT, NV, TX, AZ, CO

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 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 5 people on the team and we offer a good work/life balance with flexible schedules.

We offer training on Zions’ Credit Foundations program.

• 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.

• 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.

• $95,000 - $134,000 (Based upon relatable skills/experience and location)

This position can be located at one of our headquarters in the following locations:

• Phoenix, AZ
• Las Vegas, NV
• Houston, TX
• Salt Lake City, UT
• Medical, Dental and Vision Insurance - START DAY ONE!
• Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
• Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
• Paid Training, Paid Time Off (PTO) and 12 Paid Federal Holidays
• 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
• Mental health benefits including coaching and therapy sessions
• Tuition Reimbursement for qualifying employees
• Employee Ambassador preferred banking products

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…