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Loan Workout Officer
Loan Workout OfficerZions Bancorporation • Salt Lake City, Utah, United States
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Loan Workout Officer

Loan Workout Officer

Zions Bancorporation • Salt Lake City, Utah, United States
30+ days ago
Job type
  • Full-time
Job description

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 Banks 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.

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.

Pay Range:

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


Work Location:


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

  • Phoenix, AZ
  • Los Angeles, CA
  • Denver, CO
  • Las Vegas, NV
  • Houston, TX
  • Salt Lake City, UT


Benefits:

  • 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
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Loan Workout Officer • Salt Lake City, Utah, United States

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