Senior Loan Officer - Investment Advisory
About The Position
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 In accordance with established lending policies and procedures, examines, evaluates, and recommends approval of commercial customer applications for extensions of credit, predominately through conventional lending programs. Interviews applicants and requests specified information for loan application. Structures credits in a manner consistent with the Bank program guidelines. Develops customer relationships through friendly, courteous and responsive service. Promotes Bank's services to current and potential customers through industry-specific trade shows. Develop strong relationships with referral sources in various market niches.
Requirements
- Bachelor's degree or equivalent experience
- 5 - 7 years of financial or industry related experience
- Excellent customer service and interpersonal skills
Nice To Haves
- Formal conventional and SBA credit training
- Strong work ethic
- Strong organizational Skills
- Strong Public Speaking Skills
- Sound judgment
- Detail oriented
- PC proficiency
Responsibilities
- Develops sales, marketing, and business development strategies for vertical
- Significant business development originator for vertical
- Analyzes applicants' financial status, credit, and property evaluation to determine if loan requests meet the Bank's and/or SBA's lending criteria
- Structures loan opportunities to comply with Bank and/or SBA standards
- Evaluates sources of repayment on potential loan requests
- Corresponds with or interviews applicants or creditors to resolve questions regarding application information
- Recommends loans to loan committee for approval
- Rejects loans that do not meet lending criteria
- Develops and maintains strong relationships with referral sources
- Develops industry expertise in serving specified market niches
- Maintains relationships with existing loan account customers and administers existing loan accounts as needed
- Keeps abreast of economic conditions, changes and trends in customers' businesses, the banking industry and the specific market niches targeted by the Bank
- Functions as a team and realizes all members of the team are vital to its success
- Stays current with products and services the Bank is offering
- Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC
- Performs other duties as required
Benefits
- paid sick leave
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What This Job Offers
Job Type
Full-time
Career Level
Senior
