Job Description

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 magazine 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, 12 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.



Zions Bancorporation is currently hiring a Loan Workout Officer to join our Salt Lake City team!



Special Assets (SAG) is responsible for loans and credit relationships for which the borrower is experiencing financial difficulty and repayment could be in doubt, or even so bad as to warrant a charge off. Our mission is to work with the borrower to find a way to restore the credit or, if not possible to restore, then to minimize the bank's loss exposure .



This Loan Workout team supports Zions Bank and Vectra Bank's large commercial loans from $1M up to $50M or larger and are r esponsible for the workout of adversely graded commercial loans through the restructuring of debt, negotiation of settlement agreements, pursuit of appropriate legal action and/or the liquidation of collateral. There is a total of 5 people on the team and we offer a good work/life balance with flexible schedules. We offer training on Zions' Credit Foundations program.

The ideal candidate will have the skills and experience 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



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, negation 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.



Located in the heart of downtown Salt Lake City, the Zions Bank Building serves as the headquarters of both Zions Bancorporation and Zions Bank. The building sits adjacent to City Creek Center, a world-class shopping and dining destination with more than 100 stores and restaurants. The Zions Bank Building stands tall among Salt Lake City's central business district, providing hundreds of team members with an exceptional work environment and features such as:



Easy access to the City Creek UTA TRAX station, as well as various electric vehicle charging stations in most City Creek area garages;



An employee-only fitness center and bike storage;



An employee lounge, kitchen, micro market, game tables, couches and TVs;



Private mothers' rooms and lockers; and



Access to downtown shopping, dining, arts and entertainment.