Loan Workout & Recovery Specialist

Zions Bancorporation

Salt Lake City (UT)

On-site

USD 70,000 - 100,000

Full time

14 days+

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Benefits offered by this job

Medical, Dental and Vision Insurance -

Paid Time Off (PTO)

12 Paid Federal Holidays

401(k) with company match

Job summary

Zions Bancorporation is seeking a Loan Workout Officer to join the Special Assets Team at our Salt Lake City office. The role focuses on workouts of commercial loans from $1M to $50M+, including debt restructurings and collateral liquidation.

The ideal candidate has a finance-related degree and 4+ years in commercial lending or workouts, with strong analytical and negotiation skills. Fully in-office role with training opportunities and benefits.

Qualifications

Requires a Bachelor's in Finance, Business, Accounting or related field.
4+ years commercial/RE/business loans, lending laws, credit analysis, loan workouts, lending or related experience.
A combination of education and experience may meet qualifications.
Employs advanced knowledge 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.
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.
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.