Credit Officer

Live Oak Bank•Wilmington, NC

About The Position

About Us Live Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on service and technology has fueled our mission to be America’s Small Business Bank. Our products help customers buy, build, and expand their business, and our high-yield savings and CD products help them grow their hard-earned money. At Live Oak, we never lose sight of the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek those who embody and embrace what it takes to empower the American dream. How This Role Impacts Live Oak and its People The 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 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. 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) 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

Requirements

5+ years of financial analysis including underwriting of commercial loan credits
Travel required

Nice To Haves

SBA 7(a) and SBA 504 experience
Commercial lending and sales experience

Responsibilities

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)
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