What are the responsibilities and job description for the Credit Officer, Live Oak Express 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, Live Oak Express 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
- Under the direction of the Director, Live Oak Express this role 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 Live Oak Express lending groups.
- Will contribute to the collaborative process that aims to produce sound credit decisions and add appropriately structured loans to support 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 Live Oak Express Team. This includes but is not limited to credit training, reporting, maintenance of credit policy, portfolio analysis, and performance. Other tasks may be assigned at the discretion of the Live Oak Express Management.
How You’ll Do It
- Use credit training, interpersonal skills, loan processing, underwriting and closing experience and Knowledge of rules, regulations and LOB policies, procedures and lending models to provide detailed analysis of loan transactions presented to the Bank.
- This involves working collaboratively with all departments of the bank involved in loan production.
- This also requires working closely with other risk and portfolio management personnel at the Bank to provide ongoing review and appropriate risk rating of the existing portfolio.
Required and Preferred Experience
- At least 5 years of financial analysis including underwriting of commercial loan credits is required.
- SBA 7(a) and SBA 504 experience is preferred.
- Commercial lending and sales experience is preferred.
- Travel required.
Skills
- Commercial credit analysis
- Strong mathematical skills
- Exercises sound judgement
- Detail oriented, high level of ownership and accuracy
- Ability to function in a team setting.
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 wi.th 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
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 $125,000.00 - $175,000.00 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.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.
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 : $125,000 - $175,000
