Consumer Loan Workout Specialist

1 week ago


Midvale, Utah, United States Zions Bancorporation Full time
Consumer Loan Workout Officer

Zions Bancorporation is a leading financial services company operating in western markets. We are committed to providing excellent banking services to our customers and creating fulfilling opportunities for our employees. Our company values strong ties to the communities we serve and strong relationships with our customers.

About the Role

We are seeking an experienced Consumer Loan Workout Officer to join our team at the Zions Technology Center. This position is eligible to work from home with a Hybrid work schedule. The Consumer Special Assets Group (CSAG) was formed to help the Bank achieve its goal of proactive problem credit management. This is achieved by developing win/win solutions for borrowers experiencing financial difficulty while limiting exposure by utilizing best practices in the workout arena through team-work, continuing education, mentoring, skill sharing and peer support.

Key Responsibilities
  • 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.
Requirements
  • Basic knowledge of consumer 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 consumer collections/workout, lending laws, credit analysis, lending or other directly related experience.
Work Environment

The position is located at the Zions Technology Center, a 400,000-square-foot technology campus in Midvale, Utah. The campus features a modern and environmentally friendly design, with features such as electric vehicle charging stations, a large modern cafe, and a healthy indoor environment with ample natural light and fresh air.



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