Loan Workout Officer - Midvale, UT (In Office)

Zions Bancorporation • Midvale, UT

6d • Onsite

About The Position

Zions Bancorporation is seeking a Loan Workout Officer to join their team. This is an in-office position located at the Zions Bancorporation Technology Center in Midvale, UT. The company is a premier financial services organization known for its local banking approach and commitment to its employees and communities. They are recognized for being a great place to work and for their strong customer relationships. Zions Bancorporation values its employees and strives to create fulfilling opportunities, rewarding them for their contributions.

Requirements

• Requires a Bachelors in Finance, Business, Accounting or related field and 2+ years consumer/mortgage loans, lending laws, credit analysis, credit monitoring, loan workouts, lending or other directly related experience.
• A combination of education and experience may meet qualifications.
• Working knowledge of consumer/mortgage lending, lending law, bankruptcy law and cash flow analysis.
• Working knowledge of collection processes and practices.
• Solid interpersonal and communication skills, both oral and written required.
• Solid analytical, 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).

Nice To Haves

• Knowledge of Risk Grading and accrual accounting a plus.

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.

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 11 Paid Federal Holidays, and any applicable state 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 enrolled in an accredited degree program related to the needs of the business, maximum of $5,250 per calendar year, employees are eligible for the program upon hire
• Employee Ambassador preferred banking products

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level