Paralegal II

at Live Oak Bank • Wilmington Headquarters

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The Paralegal II is accountable for gathering & investigating the appropriate information associated with the Bank’s commercial loan operations. Assist with reviewing/drafting documents for the Bank and SBA Standard Operating Procedure (SOP) compliance. The Paralegal II will be responsible for preparing and recording/filing documents as needed. Has responsibility for cross-checking the information gathered and its credibility. Accurate documentation, data, transcripts and files are required.


  1. Prepares and gathers documentation and creates files for paid out loans, UCC-3 Continuations and Loan Modifications.
  2. Prepare and record/file applicable documents to release and/or continue liens held as the Bank’s collateral.
  3. Receive, scan and upload incoming mail and determine if documentation is accurate and applicable to the file.
  4. Assistance with general administrative duties, as needed.


  1. 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.
  2. Functions as a team and realizes all members of the team are vital to its success.
  3. Maintains technical knowledge and skills through training as needed.
  4. Gain a thorough understanding and stay current with products and services offered by the Bank
  5. Performs other duties as required.


  • Must have effective interaction skills.
  • Proficient computer, internet and electronic researching skills
  • Detail-oriented with strong organizational skills
  • Excellent written and oral communication skills
  • Self-motivated, confident, energetic and creative
  • Understands the importance of collaborating with a team to generate the best possible end product


  • High school diploma or GED required
  • College degree preferred
  • Certification in paralegal studies preferred
  • In depth knowledge of legal terms and rules
  • Familiarity with court proceedings preferred
  • Adequate accreditation to support the Bank's attorneys


  • Minimum of 1-3 years of paralegal experience is strongly preferred.
  • Commercial, Transactional or Banking experience preferred.
  • Strong understanding of customer and market dynamics.


  • The ability to work the days and hours required to fulfill the essential functions of the position
  • The ability to work long hours and to multitask


  • Learning, thinking, concentration, creativity
  • The ability to interact with others and exercise self-control
  • The ability to work under stressful conditions
  • The ability to exercise discretion when necessary
  • The ability to manage multiple files simultaneously