SBA Loan Specialist

Celtic Bank • Salt Lake City, UT

1d

About The Position

Celtic Bank’s Special Assets Division is seeking an organized, analytical professional to support its Small Business Administration commercial loan portfolio. The SBA Loan Specialist primarily prepares Guaranty repurchase requests according to SBA procedures for requesting and honoring the SBA loan Guaranty program. The role involves communicating with internal Bank teams to prepare and analyze requests and support recovery of Guaranties from the SBA on defaulted loans. Gathering and analyzing documentation is a major part of the position.

The position also supports quality control of completed SBA packages, responds to SBA questions, and works with third-party resources to gather information. Additional responsibilities may include mail processing, post-default recovery payments, bankruptcy correspondence, liquidation activity, vendor payment processing, and reporting.

The role operates in a professional office environment and uses standard office equipment. The work model may be fully onsite or hybrid. Utah-based employees may be eligible for a hybrid schedule after an initial training period in the Salt Lake City office, depending on department and job requirements. Employees may be required to travel to the Salt Lake City office for company meetings and events.

Requirements

• Previous SBA and/or lending experience is preferred.
• A four-year or undergraduate degree is strongly preferred.
• Detail-oriented, with strong interpersonal, organizational, and verbal and written communication skills.
• Ability to problem solve and work independently.
• Ability to prioritize and support multiple activities simultaneously.
• Ability to work effectively in a deadline-driven environment.
• Strong technical skills, including Microsoft Office, web-based applications, and SharePoint/OneDrive.
• Ability to adapt to changing department priorities while attending to daily demands.
• Ability to learn quickly, adapt to new processes, and work collaboratively.
• Ability to establish and maintain effective working relationships.
• Must be able to read, write, and understand fluent English.

Nice To Haves

• Previous SBA and/or lending experience.
• Four-year or undergraduate degree.

Responsibilities

• Gather, review, and analyze loan documentation for SBA packages.
• Prepare SBA packages, including Universal Purchase Packages, Care and Preservation of Collateral tabs, Charge Off tabs, and Liquidation Deadline requests.
• Prepare wrap-up reports, memos, and justifications for certain loan actions.
• Review SBA packages prepared by other team members for quality control.
• Prepare responses to SBA questions about submitted requests.
• Work with third-party resources, including attorneys, appraisers, and site inspectors, to gather data.
• Complete other SBA-related tasks as assigned.
• Process and distribute mail.
• Complete Form 172 and remit post-default recovery payments.
• Handle bankruptcy correspondence and related tasks.
• Support liquidation activity and vendor payment processing.
• Generate and present monthly and quarterly reports.
• Complete other tasks and projects as assigned.

Benefits

• Medical, dental, and vision coverage.
• 401(k) with employer match.
• Life and long-term disability coverage.
• HSA and FSA plans.
• Holidays and paid time off.
• Wellness program, including catered meals three times a week, lunch-and-learns, and an onsite gym.

What This Job Offers

• Job Type: Full-time