Associate Commercial Underwriter, CRE

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 Associate Commercial Underwriter, as a member of Live Oak Bank’s CRE team, will contribute to the evaluation, underwriting, and closing of commercial real estate loans. The Associate Commercial Underwriter will assist with market research, due diligence, financial models and analysis, credit presentations, legal documentation review, and other projects through the entire loan process. The Associate Commercial Underwriter will work in coordination with other Commercial Underwriters to gain proficiency and to support functions across the bank to ensure execution of loan production pipelines while delivering top quality customer service to sophisticated (Institutional and High Net Worth) Borrowers.

Job Responsibilities

• Support the CRE team by analyzing and underwriting new loan transactions, with opportunity to cross train on multiple CRE asset classes over time (Seniors Housing, Hospitality, Multifamily, etc).

• Assist with preparation of pre-screen memos, final credit memos, and other analysis for new transactions.

• Assist in the entire Loan Production process with increasing exposure and responsibility over time.

• Assist with special projects, audits, quarterly portfolio reviews, and other ad hoc duties.

• Become a knowledgeable resource in familiar CRE asset class(es) and develop industry relationships.

How You’ll Do It

• Be involved in all aspects of the transaction including:

  • Analysis of market and demographic trends

  • Loan structuring

  • Review and analysis of due diligence items and reports

  • Financial spreads and proforma model analysis

  • Credit presentations

  • Legal documentation review and negotiation

  • Maintaining familiarity with applicable systems and ensuring accurate information for team and other departments

• Interact with other Underwriters, Portfolio Analysts & Managers, Senior Loan Officers, Managing Directors, Construction Team, Loan Operations, Closing, and other departments within the bank.

• Will often work as part of a team in partnership with senior underwriters and underwriting managers.

Required and Preferred Experience

• Bachelor’s degree in business or finance and 1+ years of relevant experience required

• 1+ years of real estate or finance background preferred

• Knowledge of credit analysis, spreading and analyzing financial statements, risk analysis, credit scoring, loan documentation, etc.

• Strong Excel skills and or ability to quickly learn

• Excellent written and verbal communication skills

• Strong working knowledge or ability to learn banking products, services, policies, procedures and regulations

• Excellent organizational skills with ability to prioritize and manage multiple workstreams and shifting priorities

• Excellent internal and external customer service and relationship management skills, with ability to maintain effective working relationships with all levels of bank personnel

• Ability to take on special assignments on an as-needed, ad-hoc basis

• Motivated self-starter

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

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