Commercial Loan Liquidation Specialist

Celtic Bank • Salt Lake City, UT

3d • Hybrid

About The Position

The Commercial Loan Liquidation Specialist is housed within the Bank’s Special Assets Division to facilitate collateral recovery and the workout of defaulted or high-risk commercial loans. The liquidation component of the position will require the securement and recovery of collateralized assets via foreclosure and repossession channels. The workout component will involve the satisfaction of high-risk Borrowers in preventing default or charge-off. Effective communication with stakeholders is required to properly accomplish the demands of this position, and the ideal candidate must possess strong problem-solving skills, negotiation 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: Develop and implement collateral liquidation strategies that are consistent with Bank and Small Business Administration policies. Foreclosure Case Management and liaison to Celtic Bank legal counsel. Bankruptcy Case Management and liaison to Celtic Bank legal counsel. Prepare and analyze collateral equity calculations to determine recovery estimates. Communicate with high-risk Borrowers on collateral liquidation and workout agreements. Facilitate loan recommendations through written proposals by maintaining structured communication amongst multiple stakeholders. Effectively market and sell collateralized assets for maximum recovery. Manage real estate and the OREO Portfolio. Loan restructuring. Perform late-stage delinquency responsibilities. Budget management and oversight of expenditures. Order site inspections, appraisals, environmental reports, and foreclosure reports. Prepare Offer in Compromise (settlement) packages to the Small Business Administration. Small Business Administration related tasks. Bankruptcy case onboarding and maintenance. Other tasks and projects as assigned.

Requirements

• 3+ years commercial lending experience within the OREO, Liquidation, and/or Legal arenas.
• Four-year or undergraduate degree required.
• Strong analytical skills and problem-solving.
• Ability to thrive in a deadline-driven environment.
• Detail oriented and possess excellent interpersonal, organizational, and communication (verbal and written) skills.
• 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.

Nice To Haves

• SBA and Bankruptcy experience

Responsibilities

• Develop and implement collateral liquidation strategies that are consistent with Bank and Small Business Administration policies.
• Foreclosure Case Management and liaison to Celtic Bank legal counsel.
• Bankruptcy Case Management and liaison to Celtic Bank legal counsel.
• Prepare and analyze collateral equity calculations to determine recovery estimates.
• Communicate with high-risk Borrowers on collateral liquidation and workout agreements.
• Facilitate loan recommendations through written proposals by maintaining structured communication amongst multiple stakeholders.
• Effectively market and sell collateralized assets for maximum recovery.
• Manage real estate and the OREO Portfolio.
• Loan restructuring.
• Perform late-stage delinquency responsibilities.
• Budget management and oversight of expenditures.
• Order site inspections, appraisals, environmental reports, and foreclosure reports.
• Prepare Offer in Compromise (settlement) packages to the Small Business Administration.
• Small Business Administration related tasks.
• Bankruptcy case onboarding and maintenance.
• Other tasks and projects as assigned.

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.)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees