Credit Officer, Commercial

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           

• 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.

• At least 3 years of experience in one or more of the following lending disciplines: commercial real estate, energy & infrastructure, venture banking, project finance, or sponsor finance is preferred.

• Commercial lending and sales experience is preferred.

• This is a fully onsite role in Wilmington, NC.

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 th