Loan Workout Officer - Houston

About the role

The Special Assets Group ("SAG") at Zions Bancorporation is responsible for managing credit relationships where borrowers are experiencing financial difficulty. The primary objective is to mitigate risk to the bank, either by restoring credit or maximizing recovery through various workout strategies.

Responsibilities

• Manage the workout of adversely graded commercial loans through debt restructuring, negotiation of settlement agreements, pursuit of appropriate legal action, and/or collateral liquidation.
• Secure collateral, equity, or borrower assets to preserve loan principal, gather interest, and prevent or limit losses.
• Liquidate real estate or other assets as necessary and/or manage properties or other assets owned by the bank.
• Communicate across all levels of management on the current status of non-performing credits and provide reasonable forecasts for resolutions.
• Review lender liability issues to avoid lawsuits and control legal expenses.
• Develop good working relationships with internal and external industry contacts.
• Maintain knowledge of laws, regulations, internal policies, and procedures appropriate to the position.
• Provide assistance to less experienced Workout Officers.

Requirements

Requires a Bachelor's in Finance, Business, Accounting or a related field. 1-4+ years commercial/RE/business loans, lending laws, credit analysis, credit monitoring, loan workouts, lending or other directly related experience. An equivalent 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 analysis, negotiation 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.

Qualifications

• Requires a Bachelor's in Finance, Business, Accounting or a related field.
• 1-4+ years commercial/RE/business loans, lending laws, credit analysis, credit monitoring, loan workouts, lending or other directly related experience.
• An equivalent 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 analysis, negotiation 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.

Skills

Must have the skills and experience to manage the workout of adversely graded commercial loans through debt restructuring, negotiation of settlement agreements, pursuit of appropriate legal action, and/or collateral liquidation. Must also have the ability to secure collateral, equity, or borrower assets to preserve loan principal, gather interest, and prevent or limit losses. Must be able to communicate across all levels of management and develop good working relationships with internal and external industry contacts. Must maintain knowledge of laws, regulations, internal policies, and procedures appropriate to the position. Must provide assistance to less experienced Workout Officers. Must perform other duties as assigned.

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 12 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