Loan Workout Officer - San Diego or Irvine

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.

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 position can be located in San Diego or Irvine, CA.

Responsibilities:

• Works on extremely complex loan default problems and provides resolutions that are highly creative.
• Uses independent judgment to accomplish objectives.
• Acts as prime consultant on large projects that effect the organization’s long-term goals and objectives.
• 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.  
• 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.
• Functions as an SME and may provide assistance to less experienced Workout Officers, as well as the line units. 
• Other duties as assigned.

Qualifications:

• Requires a Bachelor’s in finance, Business, Accounting or related field and
• 10+ 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.
• Expert knowledge of commercial/business lending, lending law, bankruptcy law, and cash flow analysis.
• Expert knowledge of collection practices and processes.
• Excellent interpersonal skills and communication skills, both oral and written.
• Excellent analyses, negotiation and problem resolution skills.
• Can work independently and as a team.
• Must be organized, detail-oriented, and able to multi-task.
• Excellent computer skills (Excel, Word and Power Point)
• Expert knowledge of Risk Grading
• Applies advanced principles, theories, and concepts.
• Contributes to the development of innovative principles and ideas.

Salary Range:

• Salary range $145,000 to $170,000 depending on experience and location. Employees may, at the company’s discretion, be eligible to receive a cash bonus award

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