Commercial Loan Portfolio Specialist

This position is housed within the Bank’s Special Assets Division and will work alongside Liquidation Officers to support the management of default and high-risk commercial loans. Effective communication with stakeholders is required to properly accomplish the demands of this position, and the ideal candidate must possess strong problem-solving skills, organizational skills, and critical thinking to supply the best outcomes. The position offers a competitive salary, and the following is a list of responsibilities you may be asked to oversee, but not limited to:

Essential Job Functions:

• Support Liquidation Officers on daily tasks and projects.
• Order reports from external relationships, such as:
• Appraisals.
• Environmental Phase 1.
• Title reports and searches.
• Site inspections.
• Property Taxes.
• Prepare and analyze collateral equity calculations to determine recovery estimates.
• Assist in the development and implementation of liquidation strategies consistent with Bank and Small Business Administration policies.
• Communicate with high-risk Borrowers on collateral liquidation and workout agreements.
• Communicate with network Attorney’s on existing case management and new case engagement.
• Assist with real estate and OREO Portfolio responsibilities as assigned.
• Bankruptcy case onboarding and maintenance.
• Small Business Administration related tasks as assigned.
• Maintain spreadsheets and tracking sheets.
• Mail processing and distribution.
• Other tasks and projects as assigned.

Requirements

• Four-year or undergraduate degree required.
• Previous banking or lending experience preferred, within the Legal, Liquidation, and/or OREO arenas.
• Strong analytical skills and problem-solving.
• Detail oriented and possess excellent interpersonal, organizational, and communication (verbal and written) skills.
• Ability to thrive in a deadline-driven environment.
• Ability to thrive in fast-paced work environment.
• Outgoing personality with the ability to effectively resolve issues.
• Working knowledge of financial statements, cash flow analyses and loan structuring.
• Strong technical skills - including but not limited to Microsoft Office suite, web-based applications, and SharePoint/OneDrive.

Benefits

• Medical, dental, vision
• 401(k) with employer match
• Life and long-term disability coverage
• HSA and FSA plans
• Holidays and paid time off requests
• Robust wellness program (we’re talking catered meals three times a weeks, lunch and learns, and onsite gym.)

Headquartered in the heart of downtown Salt Lake City, Utah, Celtic Bank was named a top SBA lender in the nation in 2023! Celtic Bank is a leading nationwide lender specializing in SBA 7(a), SBA 504, USDA B&I, express loans, asset-based loans, commercial real estate loans and commercial construction loans.

Celtic Bank is an equal opportunity employer and complies with all applicable federal, state and local fair employment practices laws.

Physical and Other Requirements

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. The demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

• Stationary Work: The employee is frequently required to stand; walk; use hands to type, handle documents, and perform other office related duties. Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects.
• Mobility: The employee in this position needs to occasionally move between work sites and inside the office to access file cabinets, office machinery, etc.
• Communicate: The employee is regularly required to talk or hear and will frequently communicate with others. Must be able to read, write and understand fluent English.

• Work Model: The employee in this position will work either a fully Onsite or Hybrid work model. All employees, regardless of location, may be required to travel to the Salt Lake City office for mandatory company meetings, events, or related occasions.
• Utah-based employees: Hybrid work schedule available after initial training period in our Salt Lake City, Utah office – department and job requirements will determine eligibility.