Loan Workout Officer - Houston

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.

Zions Bancorporation is currently hiring a Loan Workout Officer to join our Special Assets Group. The Special Assets Group (“SAG”) is responsible for managing credit relationships for which the borrower is experiencing financial difficulty and repayment could be or is in doubt. The primary objective is to mitigate risk to the bank with the first priority being to work with the borrower to find a way to restore the credit but if not possible, then to maximize the recovery to the bank through various workout strategies.

We are seeking an experienced Loan Workout Officer (“LWO”) that would support the Texas market that is branded under Zions Bancorporation as Amegy Bank. This person would join an existing workout group that covers various credits that originate from Amegy’s commercial banking team, commercial real estate team, the energy team and business banking team. These credit facilities range in size from $1M up to $100M plus including single hold and syndicated credits. The LWO is responsible for the workout of adversely graded commercial loans through the restructuring of debt, negotiation of settlement agreements, pursuit of appropriate legal action and/or the liquidation of collateral.

The ideal candidate will 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.
• 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-pass 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.
• Perform other duties as assigned.

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.

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