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
In accordance with established lending policies and procedures, examines, evaluates, and recommends approval of commercial customer applications for extensions of credit, predominately through SBA loan programs. Interviews applicants and requests specified information for loan application. Structures credits in a manner consistent with SBA program guidelines. Develops customer relationships through friendly, courteous and responsive service. Promotes Bank's services to current and potential customers through industry-specific trade shows. Develop strong relationships with referral sources in various market niches.
What You’ll Do at Live Oak
- Develops sales, marketing, and business development strategies for vertical.
- Primary business development originator for vertical.
- Analyzes applicants' financial status, credit, and property evaluation to determine if loan requests meet the Bank's, SBA's and/or USDA’s lending criteria.
- Structures loan opportunities to comply with Bank, SBA, and USDA standards.
- Evaluates sources of repayment on potential loan requests.
- Corresponds with or interviews applicants or creditors to resolve questions regarding application information.
- Recommends loans to loan committee for approval.
- Rejects loans that do not meet lending criteria.
- Develops and maintains strong relationships with referral sources.
- Develops industry expertise in serving specified market niches.
- Maintains relationships with existing loan account customers and administers existing loan accounts as needed.
- Keeps abreast of economic conditions, changes and trends in customers' businesses, the banking industry and the specific market niches targeted by the Bank.
How You’ll Do It
- Has responsibility for following 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 identification, detection and determent of money laundering or other unlawful activities.
- Functions as a team and realizes all members of the team are vital to its success.
- Stays current with products and services the Bank is offering.
- Performs other duties as required.
Required and Preferred Experience
- Excellent customer service and interpersonal skills
- Strong work ethic
- Strong organizational Skills
- Public Speaking recommended
- Sound judgment
- Detail oriented
- PC proficiency
- In-depth knowledge of Bank lending policies, procedures and criteria
- Minimum of a Bachelor’s degree in Finance, Business, or Marketing; an MBA is preferred.
- Formal SBA and/or USDA and conventional credit training is preferred
- Five to seven years of financial or industry related experience required.
To Thrive at Live Oak
- Gravitate to Growth – Shows adaptability and support for changes to improve organizational effectiveness.
- Communicate and Collaborate – Communicates clearly and thoughtfully, demonstrating empathy in teamwork.
- Eye of the Tiger – Gets positive results by taking personal responsibility for actions and team outcomes.
- Know Your Business – Curates and maintains a depth of knowledge and skill to perform one’s job effectively.
- Customer at the Center – Provides customers with a personalized experience to achieve exceptional outcomes.
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 - $425,000.00 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.
