Loan Workout Officer - Hybrid Schedule

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, 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 an experienced Loan Workout Officer to join our Salt Lake City team! This position is eligible to work from home with a flexible work schedule (subject to periodic review).

The ideal candidate will have the skills and experience to:
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.

Secures collateral, equity, or assets of the borrower to preserve the loan principal, prevents the loan from being placed on non-accrual and prevents or limits losses.

Liquidates real estate or other assets as necessary.

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.

Provides periodic reporting to both Regional and Corporate management concerning portfolio status, loss potential and future trend analysis.

Other duties as assigned.

Qualifications:
Extensive knowledge of commercial/business lending, lending law, bankruptcy law and cash flow analysis. Working knowledge of collection processes and practices.

Excellent interpersonal and communication skills, both oral and written required.

Strong analyses, negotiation and problem resolution skills.

Strong word processing and computer based skills. Requires a Bachelors in Finance, Business,

Accounting or related field

2-4 years commercial/business loans, lending laws, credit analysis, lending or other directly related experience.

A combination of education and experience may meet qualifications.