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

Zions Bancorporation•Salt Lake, UT

14h•Hybrid

About The Position

Zions Bancorporation is seeking a Loan Workout Officer to join their Special Assets Team. This team is responsible for managing loans and credit relationships where borrowers are experiencing financial difficulty. The mission is to work with borrowers to restore credit or minimize the bank's loss exposure. This role supports large commercial loans ($1M to $50M+) for Zions Bank and Vectra Bank, handling adversely graded commercial loans through debt restructuring, settlement negotiations, legal action, and collateral liquidation. The team consists of 5 people and offers a good work/life balance with flexible schedules and training on Zions’ Credit Foundations program.

Requirements

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, negotiation 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.

Responsibilities

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.