Trustee Jobs in Utah (NOW HIRING)

Are you an experienced special assets or SBA liquidation professional looking for more autonomy, not more oversight? If you’ve spent your career navigating complex commercial defaults and want to bring that expertise somewhere it will genuinely shape outcomes, Celtic Bank wants to talk to you about our SBA Special Assets Officer role. You’ll own a portfolio of defaulted SBA loans from transfer through final resolution—driving liquidation strategy, directing outside counsel, and making the calls that protect recoveries and preserve the SBA guaranty. This isn’t a role where decisions get made for you; it’s one where your experience is the asset.

At Celtic, deep expertise is respected and given room to operate. You’ll have the latitude to run your portfolio the way your experience tells you it should be run, alongside seasoned colleagues who take this work as seriously as you do, with opportunities to mentor others and continue sharpening your own craft.

Want to know more? Apply for or ask about this opening! It’s time to work for a different kind of bank.

• Manage a portfolio of defaulted SBA loans throughout the entire liquidation lifecycle.

• Coordinate and oversee judicial foreclosure proceedings from referral through final disposition.

• Work directly with outside legal counsel to manage foreclosure actions, bankruptcy cases, receiverships, and litigation.

• Evaluate collateral positions and develop effective liquidation strategies to maximize recoveries.

• Prepare and submit SBA-required liquidation plans, purchase packages, wrap-up reports, and guaranty repair documentation.

• Negotiate loan workouts, modifications, repayment agreements, settlements, deeds in lieu of foreclosure, and short sales when appropriate.

• Review borrower financial information to determine recovery opportunities and recommend appropriate action.

• Monitor foreclosure timelines, legal milestones, and bankruptcy deadlines to ensure compliance.

• Order and review property valuations, environmental reports, title reports, and collateral inspections.

• Coordinate liquidation of real estate and business assets with brokers, auctioneers, appraisers, and third-party vendors.

• Ensure compliance with SBA SOP requirements, banking regulations, and investor guidelines throughout the liquidation process.

• Document servicing activities accurately within loan servicing systems.

• Prepare management reports on portfolio performance, recovery efforts, and loss mitigation activities.

• Collaborate with Credit Administration, Loan Operations, Legal, Compliance, and external agencies to facilitate timely resolutions.

• Recommend charge-offs, recoveries, and loss reserve adjustments based on portfolio analysis.

• Maintain detailed loan documentation supporting SBA guaranty preservation.

• Bachelor’s degree in Business Administration, Finance, Accounting, Legal Studies, or related field preferred (equivalent experience considered).

• 5+ years of experience managing SBA loan liquidations, special assets, commercial collections, or loan servicing.

• 5+ years of direct experience handling judicial foreclosures involving commercial real estate.

• Extensive knowledge of SBA 7(a) loan servicing and liquidation requirements, including SOP 50 57 (or current version).

• Experience with OREO processes and disposition.

• Experience working with attorneys, bankruptcy trustees, receivers, and court systems.

• Strong understanding of commercial lending, collateral valuation, UCC filings, bankruptcy, receiverships, and foreclosure law across multiple jurisdictions.

• Excellent negotiation, analytical, and decision‑making skills.

• Strong organizational skills with the ability to manage multiple high‑risk loans simultaneously.

• Proficiency with loan servicing systems, Microsoft Office Suite, and document management software.

• 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 2023! 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, Hybrid or Remote 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.