Loan Disbursement Specialist - Salt Lake City - Hybrid Schedule

Enterprise Services
Salt Lake City, Utah
Jun 19, 2024
Jul 20, 2024
Full Time
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.

We are currently seeking aLoan Disbursement Specialist to join our Construction Disbursements Team. This position is located in downtown Utah and offers a hybrid work schedule.

The Construction Disbursement Administration (CDA) group is responsible for managing roughly 200 commercial construction projects simultaneously. We work with multiple departments around the Bancorp to ensure that construction is progressing properly and all agreements within the loan documentation are being followed by all parties. We have currently switched to a new construction monitoring system and are working to streamline and improve our processes in all aspects of construction monitoring. The Salt Lake City group works closely with one another and we maintain a collaborative mentality when monitoring the construction loans assigned to us. We are looking for someone who is willing to work hard and jump in with both feet into our team and help us maintain our high standards of service within the department.

We want to talk to you!

  • Responsible to review, analyze and process customer loan draws for commercial and residential construction projects, loan fund disbursements, equity draws, etc., including review of invoices, lien waivers, and budget.
  • Prepare payoff quotes, credit bids, default letters and loan modifications.
  • Schedule and direct pre-construction discussion with Borrower, Builder, and RM when requested.
  • Administer participation loans, coordinate with participating/lead bank(s).
  • Order, input, and review inspection reports.
  • Updates and maintains various reports and ticklers for loan maintenance.
  • Assists with and may serves as liaison with lenders, loan administration, and outside vendors.
  • Monitors and may process interest rate changes.
  • Reviews loans for past due status, insurance coverage, tickler exceptions, etc.
  • Ensures loan administration is consistent with loan documents, bank and department policies and procedures.
  • Other duties as assigned.


  • Requires High School Degree or Equivalent
  • 2+ years experience with commercial, real estate, construction or loan servicing process and procedures, loan documentation or processing or other directly related experience.
  • A combination of education and experience may meet job requirements.
  • Basic knowledge of lending disbursement processes, procedures and loan documentation.
  • Must be accurate, detail oriented and able to multi-task.
  • Must have good audit, problem solving, data entry and customer service skills.
  • Good time management and organizational skills.
  • Ability to review and process data per loan documentation.
  • Basic knowledge of standard construction budget and loan servicing practices and techniques.
  • Good communication skills, both verbal and written.
  • Basic knowledge of computer software programs such as word, excel, etc.

Located in the heart of downtown Salt Lake City, the Zions Bank Building serves as the headquarters of both Zions Bancorporation and Zions Bank. The building sits adjacent to City Creek Center, a world-class shopping and dining destination with more than 100 stores and restaurants. The Zions Bank Building stands tall among Salt Lake City's central business district, providing hundreds of team members with an exceptional work environment and features such as:

  • Easy access to the City Creek UTA TRAX station, as well as various electric vehicle charging stations in most City Creek area garages;
  • An employee-only fitness center and bike storage;
  • An employee lounge, kitchen, micro market, game tables, couches and TVs;
  • Private mothers' rooms and lockers; and
  • Access to downtown shopping, dining, arts and entertainment.

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