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.

The purpose of Commercial Special Assets it to help the Bank achieve its goal of proactive problem credit management. The Bank strives to rehabilitate problem credits wherever possible. The work is dynamic and you will gain exposure to all types of commercial loan products. Some of these products are Commercial Real Estate loans, Construction loans, SBA 504 loans, Real Estate Term Loans, C and I business loans, Revolving Line of Credit, Asset Based Loans, etc. This group does not handle any consumer loans.

We are accepting applications for a Loan Workout Officer to join the team. The person will need to be living in the state of California and have the ability to work fully remote.

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.

• Provides regular reporting for management, executive management, Credit Examination Department, etc. to understand the status of the troubled credit.

• On specific credits that are more complex you will be assigned a mentor to assist you and provide guidance.

• Other duties as assigned.

  Qualifications:

• Requires a Bachelors in Finance, Business, Accounting or related field

• 4+ years commercial/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.

• Working knowledge of commercial/business 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 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 a plus

  Salary:

• This position is eligible to earn a base salary in the range of $90,000 - $110,000 annually/hourly depending on job-related factors such as level of experience and location

  Work Environment:

  This group works remotely from home. The candidate should ideally be located somewhere in the State of California since most of the portfolio that we handle is governed by California State Law. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. This team spends a great deal of their day on Teams calls and engages with the team frequently. Reasonable accommodations may be made to enable individual with disability to perform the essential functions.

  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

• 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

• Employee Ambassador preferred banking products

Req ID: 064936

Equal Opportunity Employer

It is the policy of this corporation to provide equal employment and advancement opportunities to all employees and applicants for employment, without regard to race, color, religion, age (40 and over), sex, pregnancy, gender, disability, national origin, ethnic background, citizenship, veteran status, sexual orientation, gender identity and expression or any other characteristic protected by applicable law. This policy is established and administered in accordance with all applicable federal, state, and local laws.

If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for employment, please contact us at (801) 844-7628, Mon.-Fri. between 9 a.m. - 5 p.m. MST.

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