VP, Portfolio Manager

Celtic Bank • Salt Lake City, UT

19h

About The Position

Celtic Bank is seeking an experienced VP, Portfolio Manager to join its Corporate Finance team. The role underwrites and actively manages a dedicated portfolio of middle-market corporate loans, with a primary focus on syndicated, leveraged finance, and cash flow-based credit facilities. The position monitors borrower performance, financial reporting, covenant compliance, and credit risk; leads periodic portfolio reviews; and supports new transaction underwriting as needed.

As part of relationship-led deal teams, the Portfolio Manager prepares and presents credit recommendations, collaborates with internal and external partners throughout the loan lifecycle, and identifies emerging risks. The role also supports effective portfolio management practices and uses approved technology, including AI-enabled tools where appropriate, while exercising sound judgment and following applicable data controls.

Celtic Bank is a nationwide lender headquartered in downtown Salt Lake City, Utah. The role operates in a professional office environment and may be fully onsite or hybrid. Employees may be required to travel to the Salt Lake City office for mandatory company meetings and events. 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.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field; equivalent relevant experience may be considered.
• At least seven years of relevant commercial or corporate banking experience, including meaningful responsibility for underwriting and portfolio management.
• Demonstrated underwriting experience with syndicated loans and cash flow-based or leveraged finance credit structures.
• Experience directly managing a portfolio of middle-market or corporate loans, including covenant monitoring and periodic credit reviews.
• Strong knowledge of financial statement analysis, accounting principles, cash flow analysis, financial modeling, loan structuring, and credit risk assessment.
• Ability to independently develop a well-supported credit position and clearly communicate recommendations to senior leaders and credit approval authorities.
• Strong written and verbal communication, organizational, and relationship-management skills.
• Ability to manage multiple active transactions and portfolio responsibilities in a deadline-driven environment.
• Ability to read, write, and understand fluent English.

Nice To Haves

• Experience as a credit analyst, underwriter, and/or portfolio manager.
• Experience in middle-market corporate banking, leveraged finance, syndicated lending, or a comparable cash flow lending environment.
• Experience working with agent banks, loan syndicates, financial sponsors, and complex multi-lender credit facilities.
• MBA, relevant professional certification, advanced degree, or comparable advanced credit training.
• Comfort adopting approved AI-enabled and analytical tools to enhance credit and portfolio management work.

Responsibilities

• Provide direct oversight of an assigned portfolio of corporate loan relationships and maintain a current, well-supported view of borrower performance and credit risk.
• Monitor financial reporting requirements, covenant compliance, borrowing performance, and other approved credit conditions.
• Document policy or credit exceptions and promptly escalate emerging risks or signs of credit deterioration.
• Lead periodic portfolio and credit reviews, including financial analysis, covenant calculations, risk assessments, risk-rating recommendations, and credit strategy.
• Underwrite new and existing syndicated, leveraged finance, and cash flow lending opportunities as needed.
• Complete due diligence, financial modeling, cash flow and repayment analysis, risk evaluation, and deal structuring.
• Prepare complete credit approval requests and present recommendations to credit committee and other approval authorities.
• Participate in relationship-led deal teams to evaluate transactions and support execution from initial review through closing and ongoing portfolio management.
• Coordinate with documentation, closing, servicing, legal, compliance, and other internal partners to ensure approved terms are accurately documented and administered.
• Maintain productive relationships with borrowers, financial sponsors, agent banks, syndicate participants, advisors, and other transaction partners.
• Identify opportunities to strengthen portfolio management practices, improve reporting, and increase the efficiency and consistency of credit processes.
• Use approved technology, including AI-enabled tools where appropriate, to improve analysis, workflow efficiency, and work quality while maintaining sound judgment and applicable data controls.
• Stay current on market conditions, regulatory expectations, and trends affecting middle-market, syndicated, and leveraged lending.

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
• Career Level: Senior