Commercial Credit Underwriter, SBB

Live Oak Bank • Wilmington, NC

3d • $82,240 - $133,640

About The Position

The Commercial Credit Underwriter analyzes loan opportunities to determine whether they are prudent for the Bank and the borrower. The role supports a critical stage of the lending process, moving deals from proposal through closing. In accordance with lending policies and procedures, the underwriter examines and evaluates commercial credit applications, develops customer relationships through responsive service, and promotes the Bank’s services to current and potential customers.

The role includes spreading and analyzing borrower financials, preparing credit overview materials and detailed credit memoranda, and partnering with Loan Officers on application analysis and presentations to Credit and Executive Loan Committee as applicable. The underwriter also reviews, manages, and negotiates loan documentation through closing; coordinates pre-closing activities with lending and closing departments; and supports post-closing portfolio management, including monitoring, upsizes, modifications, and portfolio reviews. The position may involve customer interviews and on-site visits, and requires developing expertise in the Bank’s loan systems, credit criteria, products, policies, procedures, regulatory requirements, and market trends. It also requires maintaining awareness of BSA, AML, CIP, and OFAC requirements.

Requirements

• Bachelor’s degree or equivalent experience.
• Credit underwriting, credit analyst, or similar experience.

Responsibilities

• Examine, evaluate, and help close commercial extensions of credit in accordance with established lending policies and procedures.
• Request specified information for loan applications as needed and develop customer relationships through friendly, courteous, responsive service.
• Promote the Bank’s services to current and potential customers.
• Spread and analyze borrower financials and partner with Loan Officers to create appropriate credit overview materials.
• Review, manage, and negotiate loan documentation through closing, with assistance from management, Senior Underwriters, and Loan Officers as needed.
• Assist with post-closing deals, support the Portfolio Analyst team, and assist with upsizes and modifications.
• Participate in strategic initiatives and projects that support growth of Conventional volume within SBB.
• Work with Loan Officers to analyze applicants’ financial status, credit, and property evaluations and determine whether loan requests meet the Bank’s lending criteria.
• Travel to on-site visits as applicable, conduct customer interviews, assess customers, and resolve outstanding transaction questions.
• Develop expertise in Bank loan systems and credit criteria, ensuring analysis and presentation align with Bank expectations for similar products.
• Prepare detailed Credit Memoranda and assist Loan Officers with presentations to Credit and Executive Loan Committee, as applicable.
• Perform financial analysis and modeling for new lending opportunities and existing clients across lending products, including CRE and C&I opportunities.
• Coordinate pre-closing activities and loan documentation review and negotiation with lending and closing departments.
• Develop in-depth knowledge of banking and lending products, policies, procedures, regulatory requirements, and market and industry trends.
• Support lending and portfolio management teams with monitoring loans and credit lines, updating financial performance, and conducting portfolio reviews.
• Maintain a high standard of regulatory awareness, including BSA, AML, CIP, and OFAC.
• Perform other related duties as assigned or requested.

Benefits

• Paid sick leave at least at the minimum level required for employees residing in states that require employer-paid sick leave.
• Annual bonuses and long-term incentives may be included in compensation, subject to metrics and company policy.

What This Job Offers

• Job Type: Full-time