Underwriter - Franchise Group at Celtic Bank in Salt Lake City, UT

Celtic Bank is seeking an experienced and detail-oriented Underwriter to join our growing Franchise Finance team. This role is responsible for analyzing and underwriting complex credit requests for franchise clients across a variety of industries, including restaurants, fitness, retail, and service brands.

The ideal candidate will bring a strong foundation in commercial lending, credit analysis, and risk assessment, along with the ability to make sound credit decisions that support both portfolio growth and long-term risk management. This position plays a key role in delivering exceptional service while maintaining the professionalism, efficiency, and collaboration that define the Celtic Bank team.

WHAT YOU’LL DO AT CELTIC BANK

• Evaluate and underwrite franchise loan applications including acquisitions, refinances, remodels, and development deals.
• Prepare clear and concise credit approval memos for internal credit committees and/or syndication partners.
• Perform detailed financial analysis of borrower and guarantor financial statements, tax returns, business plans, and projections.
• Assess franchisee performance metrics, brand strength, unit-level economics, and competitive positioning.
• Identify key credit risks and structure loans to mitigate potential exposures (covenants, collateral, guarantees, etc.).
• Collaborate with relationship managers, credit officers, legal, and operations to facilitate efficient deal processing.
• Monitor existing loan portfolio for performance trends, covenant compliance, and early warning signals.
• Participate in periodic portfolio reviews and contribute to credit policy updates and risk appetite frameworks.
• Complies with and adheres to all regulatory compliance areas, policies and procedures and best practices.
• Perform other duties as assigned.