Senior Credit Officer

at Live Oak Bank • Wilmington, North Carolina

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Live Oak is more than a bank. Live Oak helps people realize their full potential so they can create meaningful impact at work, home or in their communities. As an innovation hub, we fully embrace a bold approach to solving problems and surpassing goals. Daily life at Live Oak centers around a culture of taking care of each other, which has made us one of the most desirable places to work. We’ve topped the list of American Banker’s “Best Banks to Work For” because of our unparalleled dedication to our people. Our commitment to our customers and our culture is intertwined, so we seek those who embody and embrace what it takes to empower the American dream. Learn more at liveoakbank.com. 

How This Role impacts Live Oak and its People 

The Senior Credit Officer approvecredit 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, 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 

  • Approves credit requests within individual loan authority and within Bank Policies and Government program guidelines.  
  • Maintains excellent loan quality of portfolio through superior underwriting.  
  • Assists the Chief Credit Officer (CCO) within the implementation of a system of credit analysis and control of quality for all loans made as required by the policy approved by the Board of Directors.  
  • Assigns ratings as needed in conjunction with the loan loss reserve analysis.  
  • Performs written analyses on all large loans, large aggregate lending to one borrower, complex loans, and weak loans.  
  • May assist in the preparation of periodic reports to Board of Directors.  
  • Is active in portfolio management, preparing periodic studies of various portions of the loan portfolio to improve underwriting and servicing.  
  • Serves as Regulatory Liaison.  
  • Serves in other capacities as directed by the Chief Credit Officer.  

How You’ll Do It             

  • Collaborates and proactively engagewith the sales team to stay abreast with industry trends. 
  • Exercises sound judgement. 
  • Performs site visits where necessary. 
  • Takes part in credit training on formal and informal basis.  
  • Acts as voting member on the loan committee 

Required and Preferred Experience 

  • Twenty years of financial analysis experience required.  
  • Experience credit decisioning and underwriting Commercial & Industrial, Corporate Real Estate and Corporate Financed credits. 
  • Ten years of experience approving commercial loan credits. 
  • In-depth knowledge of bank policies, procedures and criteria. 
  • Deep understanding of regulatory compliance policies and procedures. 
  • In-depth knowledge of SBA, USDA and other Government program guidelines. 
  • Strong mathematical skills. 
  • Detail oriented, high level of ownership and accuracy. 
  • Bachelor’s degree in Business or Finance is required; an MBA is preferred. 
  • Functions as a team and realizes all members of the team are vital to its success.  
  • Travel may be required.  
  • Performs other duties as required.  

Required to Thrive at Live Oak

  • Dedication 
  • Ownership  
  • Innovation 
  • Teamwork 
  • Respect  

 

The above statements are intended to describe the general nature and level of work being performed by the incumbent assigned to this classification.  They are not intended to be construed as an exhaustive list of all responsibilities, duties and/or skills required of all personnel so classified.

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