Accounts Receivable & Inventory Monitoring Specialist - Midvale - Hybrid Schedule

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 as one of the "Best Banks to Work For" and 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 hiring an Accounts Receivable & Monitoring Specialist to join our Central Collateral Monitoring department located in our new Zions Tech Center in Midvale, UT.

Position will offer a 3 / 2 hybrid work schedule.

The Central Collateral Monitoring Group is part of the Fee Income Group and specializes in asset-based financing structures;

including revolving lines of credit and term loans, to borrowers across a variety of industries. Central Collateral Monitoring is an Enterprise group for Zions Bancorporation, providing service to Borrower's located within the Western United States.

We validate Borrowing Base calculations supplied by our Borrowers to facilitate the functioning of these revolving lines of credit secured by the assets of our Borrowers.

Ideal candidates will have the skills and experience necessary to :

• Responsible for calculating a Borrowing Base Review (BBR) deliverable based on the Borrowing Base Certificate (BBC) and supporting reports submitted by the Borrower, Lender or third party service.
• Validates the collateral report balances to the Borrowing Base Certificate for accuracy.
• Investigates differences between the collateral reports and the BBR through contact with the Portfolio / Relationship Manager or Borrower.
• May reconcile Demand Deposit Account collections to the Borrowing Base Certificate.
• Reconciles data and enters Borrowing Base and supporting data into the Asset-based Lending software.
• Reviews results for accuracy, potential fraud, and unusual accounts / amounts.
• Validates loan balances and other reserves to BaNCS and other sources.
• Borrowing Base Review results are communicated to the Portfolio
• Manager / Relationship Manager, Borrower (where communication is allowed), and to others as required by CCM policy.
• Escalates over-advances or potential fraudulent activity to Credit Administrators or others as required.
• Contacts the Portfolio / Relationship manager or Borrower when needed to collect past due collateral reports.
• Other duties as assigned.

Qualifications :

• Requires a High School diploma or Equivalent
• 0-2+ years accounting, accounts receivable and reconciliations, banking, asset based lending processes, borrowing based certificates or other directly related experience.
• A combination of education and experience may meet job requirements.
• Proficient knowledge of banking or asset based lending processes, accounts receivables, payable aging's and balancing principles.
• Working knowledge of participation loans (multiple lenders, multiple sources of collateral).
• Some working knowledge of various types of new loans, multiple advance rates and complex limitations (advance caps) on the collateral.
• Ability to prepare accounting reports.
• Strong organizational, analysis and balancing skills.
• Excellent attention to detail skills and ability to multi-task.
• Strong problem resolution skills.
• Ability to meet deadlines.
• Advanced working knowledge of computer software including; Excel, Word, PowerPoint, Access.

The position is located at the Zions Technology Center which is a 400,000-square-foot technology campus in Midvale, Utah.

Located on the former Sharon Steel Mill superfund site, the sustainably built campus will be the company's primary technology and operations center.

This modern and environmentally friendly technology center will enable Zions to continue to compete for the best technology talent in the state while providing team members with an exceptional work environment with features such as :

• Electric vehicle charging stations and close proximity to Historic Gardner Village UTA TRAX station.
• At least 75% of the building is powered by on-site renewable solar energy.
• Access to outdoor recreation, parks, trails, shareable bikes and locker rooms.
• Large modern cafe with a healthy and diverse menu.
• Healthy indoor environment with ample natural light and fresh air.
• LEED-certified sustainable building that features include the use of low VOC-emitting construction materials.
7 days ago