Portfolio Analyst, Sponsor Finance

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 Portfolio Analyst (“PA”), Specialty Finance serves as an integral part of the bank’s credit risk management and is responsible for collecting and analyzing financial data, completing financial spread analysis, testing financial covenants, and completing loan reviews, advances, renewals, and amendments. Additionally, PA provides support to more senior members of the Specialty Finance team, preparing diligence materials and providing valuable feedback on portfolio performance.

What You’ll Do at Live Oak

• Collect and analyze financial information from assigned accounts through the life of the relationship.

  • Responsible for reviewing and spreading financial statements.

  • Ensures clients remain compliant with all conditions set forth in the loan documentation.

• Conduct on-boarding of new clients

• Manage operational complexity and inquiries from both external and internal stakeholders.

• Assist analysts with underwriting loan modifications/amendments/renewals accurately and timely in accordance with bank procedures and policy.

• Engage the deal team and credit team to guide underperforming client accounts.

  • Identify underperformance and proactively identify root causes which may result in defaults under the loan documents.

  • Work with internal partners to determine and carry out the appropriate response to underperformance to protect the bank’s interests.

• Facilitate loan advance requests by working with the client as well as bank legal, credit, and operations departments.

  • Assist with underwriting and closing advance requests under Delayed Draw Term Loan facilities.

  • Responsible for monitoring and processing Revolver advances in a timely manner and pursuant to loan documents.

  • Prepare diligence and presentation materials for ongoing loan reviews.

• Complete various projects as needed or as assigned by management.

How You’ll Do It

• Follow regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the detection and determent of unlawful activities.

• Take ownership of your primary responsibilities and goals; Pursue them with enthusiasm.

• Monitor and ensure that client credit files remain up to date. This will include creating client credit files, setting up reporting and covenant dashboards, and assisting with various reporting requirements.

• Prepare and deliver presentations in various department meetings on specific loans recommending appropriate action or structure of credits.

• Facilitate third-party engagements including valuations, appraisals, and field exams.

• Exhibit a sense of pride in helping clients and teammates achieve their respective goals.

• Exercise sound judgement; When needed, ask for help or guidance.

• Communicate effectively to set and meet realistic expectations.

• Complete additional tasks as needed by the specific lending team the PA supports.

• Travel may be required

Required and Preferred Experience

The successful candidate will have strong organizational skills, excellent verbal and written communication skills, and possess a high degree of financial statement analytical skills. Bachelor’s degree in a related field or equivalent work experience of two or more years in a bank commercial lending department is highly preferred. 

• Excellent verbal, written, interpersonal, and negotiation skills.

• Demonstrated experience in effectively writing/reviewing loan presentations that identify key risks and mitigants as well as cond