Senior Credit Officer

Live Oak Bank; North Carolina; On-site; USD 185,000 - 255,000; Full time

Job summary

A digital banking institution is seeking a Senior Credit Officer to approve credit requests and ensure compliance with bank policies. The successful candidate will have at least 5 years of financial analysis experience and strong skills in commercial credit analysis. This role emphasizes collaboration within various lending teams to support business growth. Competitive salary and bonus structure included.

Benefits

Annual bonuses

Long-term incentives

Paid sick leave

Qualifications

• At least 5 years of financial analysis, including underwriting of commercial loan credits is required.
• At least 3 years of experience decisioning credit approvals in relevant lending disciplines is preferred.
• In-depth knowledge of bank policies, procedures, and criteria.

Responsibilities

• Approve credit requests within individual authority adhering to guidelines.
• Collaborate to produce sound credit decisions to support the bank’s growth.
• Assist with various credit functions within the Credit Team.

Skills

Commercial credit analysis

Strong mathematical skills

Exercise sound judgment

Detail-oriented

Ability to function in a team setting

Job description

Join to apply for the Senior Credit Officer role at Live Oak Bank.

Live Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on service and technology fuels 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 the company. Our commitment to 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 Senior Credit Officer, Commercial approves credit requests within individual loan authority adhering to bank policies and government program guidelines. They assist in reviewing the bank’s loan portfolio on a continuing basis to prevent or reduce loan losses; ensure documentation compliance with loan approvals and state and federal regulations; detect deterioration in loan quality; and review and ensure compliance with policy objectives.

What You’ll Do At Live Oak

• Contribute to the overall production of loans while ensuring all appropriate risk policies, procedures, and mitigants are followed.
• Focus on loan transactions and portfolio analysis of the Commercial Finance and E&I lending teams which includes seniors housing, ABL/GovCon, sponsor finance, venture banking, and energy & infrastructure.
• Collaborate to produce sound credit decisions and add appropriately structured loans to support the bank’s growth and loan generation goals.
• Approve credit requests within individual authority adhering to bank and regulatory guidelines including FDIC, SBA, and USDA.
• Assist with a variety of credit functions within the Credit Team: site visits, credit training, board reports, maintenance of credit policy, portfolio analysis, and membership on the Commercial Finance Credit Committee. Other tasks may be assigned at the discretion of the chief credit officer, senior managing director, credit, or managing director, commercial credit.

How You’ll Do It

• Use credit training, interpersonal skills, loan processing, underwriting, and closing experience and knowledge of rules, regulations, and LOB policies, procedures, and lending models to provide detailed analysis of loan transactions presented to the bank.
• Work collaboratively with all departments of the bank involved in loan production.
• Work closely with other risk and portfolio management personnel at the bank to provide ongoing review and appropriate risk rating of the existing portfolio.

Required And Preferred Experience

• At least 5 years of financial analysis, including underwriting of commercial loan credits is required.
• At least 3 years of experience decisioning credit approvals in one or more of the following lending disciplines: commercial real estate, energy & infrastructure, venture banking, project finance, or sponsor finance is preferred.
• In‑depth knowledge of bank policies, procedures, and criteria.
• Commercial lending and sales experience is preferred.

Skills

• Commercial credit analysis
• Strong mathematical skills
• Exercise sound judgment
• Detail‑oriented, high level of ownership and accuracy
• Ability to function in a team setting

Our Values

• Dedication: Deep commitment to the mission and core values, exemplified through strong work ethic, adaptability, and pride in your work.
• Ownership: Initiative to deliver positive results by proactively and creatively solving problems while maintaining a high degree of quality.
• Respect: Treat everyone with 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.

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 interview process should notify human resources at [e-mail].

EEO is the Law.

The base pay range for this position is $185,000.00 – $255,000.00 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.