Loan Workout Officer - Houston

Zions Bancorporation•Houston, TX

1d•Onsite

About The Position

Zions Bancorporation is seeking an experienced Loan Workout Officer to join our Special Assets Group (SAG) in Houston. The SAG is responsible for managing credit relationships where borrowers are experiencing financial difficulty and repayment is in doubt. The primary objective is to mitigate risk to the bank by working with the borrower to restore the credit or, if not possible, to maximize recovery through various workout strategies. This role will support the Texas market, branded as Amegy Bank, and will manage a portfolio of adversely graded commercial loans ranging from $1M to $100M+, including single hold and syndicated credits. The position involves restructuring debt, negotiating settlement agreements, pursuing legal action, and liquidating collateral.

Requirements

Requires a Bachelor's in Finance, Business, Accounting or a related field.
1-4+ years commercial/RE/business loans, lending laws, credit analysis, credit monitoring, loan workouts, lending or other directly related experience.
An equivalent 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 analysis, 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.

Nice To Haves

Employee Ambassador preferred banking products

Responsibilities

Manage the workout of adversely graded commercial loans through debt restructuring, negotiation of settlement agreements, pursuit of appropriate legal action, and/or collateral liquidation.
Secure collateral, equity, or borrower assets to preserve loan principal, gather interest, and prevent or limit losses.
Liquidate real estate or other assets as necessary and/or manage properties or other assets owned by the bank.
Communicate across all levels of management on the current status of non-pass credits and provide reasonable forecasts for resolutions.
Review lender liability issues to avoid lawsuits and control legal expenses.
Develop good working relationships with internal and external industry contacts.
Maintain knowledge of laws, regulations, internal policies, and procedures appropriate to the position.
Provide assistance to less experienced Workout Officers.
Perform other duties as assigned.