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Senior Credit Officer, SBB
full-time•Wilmington•$169k - $236k
About this role
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.
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)
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
Required Experience
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
Preferred Experience
Commercial lending and sales experience
Our Values
Dedication: Possess a deep commitment to Live Oak Bank’s mission and core values, exemplified through a strong work ethic, adaptability and pride in your work.
Ownership: Take initiative to deliver positive results by proactively and creatively solving problems, while maintaining a high degree of quality.
Respect: Treat everyone with courtesy, politeness, and kindness.
Innovation: Embrace fresh ideas and fearlessly contribute new solutions to emerging or existing problems.
Teamwork: Foster collaboration, accountability, and trust with others and understand that together, we do more
For a detailed overview of our employee benefits please visit: http://www.liveoakbank.com/careers/
Live Oak Bank is an Affirmative Action and Equal Opportunity Employer, Minorities/Women/Veterans/Disabled. We consider applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status or disability. Equal access to programs, service and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at [email protected].
The base pay range for this position is $169,620.00 - $236,440.00 per year. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy. A candidate’s salary is determined by several factors including travel, relevant work experience or skills and expertise.Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave, including but not limited to Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.
What you'll do
- The Senior Credit Officer approves credit requests and assists in reviewing the Bank's loan portfolio to prevent loan losses. They ensure compliance with documentation and regulatory guidelines while contributing to sound credit decisions.
About Live Oak Bank
Live Oak Bank has had the privilege of helping thousands of passionate, driven people turn their dreams into reality. These everyday heroes aren’t in it for the fortune or the fame. They’re in it to make a difference, just like we are.
As one of the last banks to get a charter before the start of the Great Recession, Live Oak emerged out of the rubble of 2008 as the first bank to keep the customer at the center of the business model. We put a groundbreaking spin on what banking could be, focused on service and technology to redefine banking.
Live Oak is a digital, cloud-based bank serving small business owners in all 50 states. We are America's Premier SBA Lender and our mission is to be America’s small business bank. We aim to fulfill that mission through banking products that help business owners buy, build and expand, along with FDIC-insured checking, high-yield savings and CD accounts to grow their hard-earned money. Our family of companies under the holding and parent company Live Oak Bancshares (NYSE: LOB), and our subsidiaries, partner with businesses who share a groundbreaking focus on service and technology to redefine banking.
Our mantra is to treat every customer like the only customer and our mission is to be America’s small business bank.
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Frequently Asked Questions
What does Live Oak Bank pay for a Senior Credit Officer, SBB?
Live Oak Bank offers a competitive compensation package for the Senior Credit Officer, SBB role. The salary range is USD 170k - 236k per year. Apply through Clera to learn more about the full compensation details.
What does a Senior Credit Officer, SBB do at Live Oak Bank?
As a Senior Credit Officer, SBB at Live Oak Bank, you will: the Senior Credit Officer approves credit requests and assists in reviewing the Bank's loan portfolio to prevent loan losses. They ensure compliance with documentation and regulatory guidelines while contributing to sound credit decisions..
Is the Senior Credit Officer, SBB position at Live Oak Bank remote?
The Senior Credit Officer, SBB position at Live Oak Bank is based in Wilmington, North Carolina, United States. Contact the company through Clera for specific work arrangement details.
How do I apply for the Senior Credit Officer, SBB position at Live Oak Bank?
You can apply for the Senior Credit Officer, SBB position at Live Oak Bankdirectly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process.