Senior Loan Officer, CA

About Us

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. 

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.

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.