Loan Workout Officer - Midvale, UT (In Office)

Zions Bancorporation is one of the nation’s premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker as one of the “Best Banks to Work For” and as having a top banking team in its list of “The Most Powerful Women in Banking.” Our customers consistently vote us as the best bank in our local markets. We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a “local” business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers.

With benefits starting on day one, 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.

We are currently seeking a Loan Workout Officer to join our team.  This is an in-office position located at our Zions Bancorporation Technology Center in Midvale, UT.    

The ideal candidate for this position will have the skills and experience necessary 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 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).

·          Knowledge of Risk Grading and accrual accounting a plus.

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

Salary : $5,250