VP, Portfolio Manager

Job Description

Job Description

Celtic Bank is seeking an experienced VP, Portfolio Manager to join our Corporate Finance team. This role will be responsible for the underwriting and active management of a dedicated portfolio of middle-market corporate loans, with a primary focus on syndicated, leveraged finance, and cash flow-based credit facilities.

The VP, Portfolio Manager will monitor borrower performance, financial reporting, covenant compliance, and overall credit risk while leading periodic portfolio reviews and supporting new transaction underwriting as needed. Working as part of relationship-led deal teams, this individual will prepare and present credit recommendations, collaborate with partners throughout the loan lifecycle, and identify emerging risks early.

• 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 clear and 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 consistent 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 relevant market conditions, regulatory expectations, and trends affecting middle-market, syndicated, and leveraged lending.

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.

• 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.

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 2025!  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.