What are the responsibilities and job description for the Credit Officer, Commercial position at Live Oak Bank?
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, Commercial 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 and 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
- Under the direction of the Managing Director, Commercial Credit, will contribute to the overall production of loans while simultaneously ensuring all appropriate risk policies, procedures, and mitigants are followed.
- Focus on loan transactions and portfolio analysis of the Commercial Finance and E&I lending teams which includes : 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.
- Approves credit requests within Individual authority adhering to Bank and regulatory guidelines including but not limited to FDIC, SBA, and USDA.
- Assist with a myriad of credit functions within the Credit Team. This includes but is not limited to site visits, credit training, board reports, maintenance of credit policy, portfolio analysis, and member of Commercial Finance Credit Committee. Other tasks may be assigned at the discretion of the Chief Credit Officer, Senior Managing Director, Credit, or Managing Director, Commercial Credit.
How You'll Do It
Required and Preferred Experience
Skills
Our Values
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 careers@liveoak.bank
EEO is the Law
Commitment to Diversity
Live Oak Bank is committed to creating and maintaining a workplace in which all employees have an opportunity to participate and contribute to the success of the business and are valued for their skills, experience, and unique perspectives. This commitment is embodied in company policy and the way we do business at Live Oak Bank and is an important principle of sound business management.
The base pay range for this position is $140,000.00 - $200,000.00 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.
Salary : $140,000 - $200,000
