Senior Credit Officer, SBB
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 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.
Requirements
- 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
Nice To Haves
- 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)
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
1,001-5,000 employees
