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Loan Workout Officer
Zions Bancorporation
Sacramento, CA, United States
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Description
California Bank and Trust, a leader amongst banks in California with over 10 billion in assets and nearly 100 branch offices in the state. CB&T prides itself on creating California’s best banking relationships and to do this we must continue to build a team of intelligent contributors who can add value to our clients’ businesses and build deep roots in the communities we serve.
We are currently seeking well qualified professionals for the role of Loan Workout Officer II. In this role the successful incumbent will perform the following essential job responsibilities:
• Provides resolutions to a diverse range of complex problems loans
• 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.
• May provide assistance to less experienced Workout Officers.
• Other duties as assigned.
Qualifications
• Requires a Bachelors in Finance, Business, Accounting or related field and 4+ years commercial/business loans, lending laws, credit analysis, lending or other directly related experience. A combination of education and experience may meet qualifications.
• Extensive knowledge of commercial/business 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.
• Familiarity with U.S. Small Business Administration loan products a plus.
Benefits:
• Health/ Dental /Vision plan
• 401 k plan with up to 5 % matching – no waiting period for new employees
• Competitive pay commensurate with experience
• Promotional Opportunities
• Stable Employer