Credit Officer, Commercial

Live Oak Bank • Wilmington, NC

3d

About The Position

The Credit Officer, Commercial approves credit requests within their individual loan authority, adhering to Bank policies and Government program guidelines. They assist in the review of the Bank's loan portfolio to help prevent or reduce loan losses. Responsibilities include verifying that documentation aligns with loan approvals and regulatory requirements, identifying signs of loan quality deterioration, and ensuring compliance with policy objectives.

Requirements

• 5+ years of financial analysis including underwriting of commercial loan credits

Nice To Haves

• 3+ years of experience in one or more of the following lending disciplines: commercial real estate, energy & infrastructure, venture banking, project finance, or sponsor finance
• Commercial lending and sales experience

Responsibilities

• Support loan production under the direction of the Managing Director, Commercial Credit, while ensuring compliance with risk policies and procedures
• Analyze loan transaction and portfolios across Commercial Finance and E&I lending teams, including: Seniors Housing, ABL/GovCon, Sponsor Finance, Venture Banking, and Energy & Infrastructure
• 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)
• Perform additional tasks as assigned by senior credit leadership
• 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

Benefits

• Paid sick leave

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed