Credit Manager

Celtic Bank • Salt Lake City, UT

10d • Hybrid

About The Position

The Credit Manager is responsible for leading the underwriting and portfolio management team with a primary focus on people leadership, asset quality, and credit risk mitigation across the Energy, Infrastructure, and Project Finance platform. This role ensures consistent execution of underwriting, servicing, and—when necessary—credit restructuring strategies to protect the bank’s capital and optimize portfolio performance. The Credit Manager drives accountability for underwriting quality, portfolio monitoring, and servicing execution, while developing and coaching team members to perform at a high level. The role also has direct responsibility for maintaining asset quality through proactive risk identification, disciplined monitoring, and timely intervention, including restructuring or modification strategies where appropriate. In addition, this position provides clear, accurate, and timely reporting to senior leadership and executive stakeholders on portfolio performance, emerging risks, and mitigation actions.

Requirements

• Bachelor’s degree in finance, accounting, economics, business, or a related field (or equivalent relevant experience)
• Minimum of five (5) years of experience in commercial loan underwriting, credit analysis, or transaction structuring, with the ability to apply credit judgment in a sales‑driven origination environment.
• Working knowledge of portfolio servicing fundamentals, including covenant compliance monitoring, borrower reporting, and ongoing loan agreement oversight
• Demonstrated leadership capability, including delegating workloads, coaching staff, and managing performance in a deadline‑driven environment.
• Strong technical credit skills, including the ability to evaluate complex risk scenarios, solve underwriting problems, and apply sound credit judgment.
• Ability to implement and maintain consistent underwriting/credit standards across a team, including quality assurance routines and training disciplines
• Demonstrated or equivalent experience overseeing annual loan/asset reviews, including completion of Annual Performance Review deliverables, coordinating management review/approvals, and ensuring final documentation is retained in the credit file.
• Ability to establish and enforce portfolio monitoring cadence and controls (e.g., covenant tracking, borrower reporting timelines, and escalation routines), ensuring issues are identified and action plans are developed when performance deteriorates.
• Proven ability to partner cross‑functionally with origination/sales, underwriting/credit, operations, closing, and risk/compliance to execute transactions and ongoing monitoring expectations efficiently.

Responsibilities

• Lead and develop the underwriting and portfolio management team, including hiring, coaching, performance management, and establishing a culture of accountability, ownership, and continuous improvement
• Own overall asset quality of the portfolio, ensuring risks are proactively identified, assessed, and mitigated through underwriting discipline, servicing actions, and restructuring where necessary
• Ensure consistent and appropriate underwriting standards, credit structuring, and risk assessment practices across all new originations
• Oversee ongoing portfolio surveillance, including covenant compliance, borrower performance, reporting, and early warning indicators, with clear escalation protocols
• Direct and support credit intervention strategies, including amendments, waivers, modifications, and restructurings, to minimize losses and optimize recoveries
• Review and approve underwriting and portfolio analysis work product, ensuring accuracy, completeness, and alignment with bank credit standards and risk appetite
• Establish and enforce portfolio management cadence and controls, including periodic reviews, asset quality grading, and action planning for underperforming credits
• Provide executive-level reporting and insights on portfolio health, risk trends, watchlist assets, criticized/classified exposures, and mitigation strategies
• Partner with senior leadership, credit risk, and loan committee to ensure risk-adjusted decisioning and alignment with strategic objectives
• Coordinate cross-functionally with originations, closing, operations, and risk teams to execute transactions and servicing actions efficiently and consistently
• Drive process improvements and standardization across underwriting, monitoring, and servicing workflows to enhance scalability and control

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: Senior