How This Role Impacts Live Oak and its PeopleThe
Senior Credit Officer, SBB approves credit requests within individual loan authority adhering to Bank policies and Government program guidelines. They will assist in the review of the Bank's loan portfolio on a continuing basis in order to prevent or reduce loan losses; assures documentation is in compliance with loan approvals, State and Federal regulations; assists in the detection of deterioration in loan quality; reviews and ensures compliance policy objectives are met.
What You'll Do at Live Oak- Support loan production under the direction of the Director of Credit, SBB, while ensuring compliance with all applicable risk policies, procedures and mitigants
- Analyze loan transactions and portfolios across Live Oak Bank's Small Business Banking lending groups.
- Contribute to the collaborative process that aims to produce sound credit decisions and add appropriately structured loans to support the Bank's growth and loan generation goals
- Approve credit requests within individual authority, adhering to Bank and regulatory guidelines (FDIC, SBA, and USDA)
- Assist with a myriad of credit functions within the Credit Team (site visits, credit training, board reports, credit policy maintenance, portfolio analysis, participation in the Commercial Finance Credit Committee)
- Apply credit training, underwriting experience, and knowledge of lending policies to provide detailed loan transaction analysis
- Work cross-functionally with departments involved in loan production to ensure smooth execution
- Partner with risk and portfolio management teams to monitor and maintain accurate risk ratings across the loan portfolio
- Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC
Required Experience- 5+ years of financial analysis including underwriting of commercial loan credits
- 3+ years of experience decisioning commercial loan credit approvals
- In-depth knowledge of bank policies, procedures, and criteria
- In-depth knowledge of SBA, USDA, and other Government program guidelines
Preferred Experience- Commercial lending and sales experience
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For a detailed overview of our employee benefits please visit:
http://www.liveoakbank.com/careers/The base pay range for this position is $169,620.00 - $236,440.00 per year. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy. A candidate's salary is determined by several factors including travel, relevant work experience or skills and expertise.
Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave, including but not limited to Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.
