Senior Credit Officer, SBB

Live Oak Bank; Wilmington (DE); On-site; USD 170,000 - 236,000; Full time

Job summary

Live Oak Bank, a digital bank serving small business owners nationwide, is seeking a Senior Credit Officer, SBB. The role involves approving credit requests within authority, reviewing loan portfolios, and ensuring compliance with bank policies and government program guidelines.

You will analyze loan transactions, support production under the Director of Credit, and work with risk and portfolio teams to maintain accurate risk ratings while adhering to regulatory expectations.

Qualifications

• 5+ years of financial analysis including underwriting of commercial loan credits.
• 3+ years of experience decisioning commercial loan credit approvals.
• In-depth knowledge of bank policies, procedures, and criteria.
• In-depth knowledge of SBA, USDA, and other Government program guidelines.

Responsibilities

• Support loan production under the Director of Credit while following risk policies.
• Analyze loan transactions and portfolios across Small Business Banking groups.
• Contribute to sound credit decisions and structured loans for growth.
• Approve credit requests within authority per guidelines (FDIC, SBA, USDA).
• Assist with credit functions within the Credit Team (visits, reports, policy maintenance).
• Apply underwriting experience to loan transaction analysis.
• Work cross-functionally with departments involved in loan production.
• Collaborate with risk and portfolio management to monitor risk ratings.

Skills

Financial analysis

Credit underwriting

Commercial loan knowledge

SBA/USDA guidelines

Policy enforcement

Job description

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

The Senior Credit Officer, SBB approvescredit requests within individual loan authority adhering to Bank policies andGovernmentprogramguidelines.They willassist in the review of the Bank’s loan portfolio on a continuing basis in order to prevent or reduce loanlosses; assuresdocumentationis in compliance withloan approvals, State and Federal regulations; assistsinthe detection of deterioration in loan quality; reviewsand ensurescompliance policy objectives are met.

What You’ll Do at Live Oak

• Support loan production under the direction of the Director of Credit, SBB, while ensuring compliance with all applicable risk policies, procedures and mitigants

• Analyze loan transactions and portfolios across Live Oak Bank’s Small Business Banking lending groups.

• Contribute to the collaborative process that aims 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 (FDIC, SBA, and USDA)

• Assist with a myriad of credit functions within the Credit Team (site visits, credit training, board reports, credit policy maintenance, portfolio analysis, participation in the Commercial Finance Credit Committee)

• Apply credit training, underwriting experience, and knowledge of lending policies to provide detailed loan transaction analysis

• Work cross-functionally with departments involved in loan production to ensure smooth execution

• Partner with risk and portfolio management teams to monitor and maintain accurate risk ratings across the loan portfolio

• Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC

Required Experience

• 5+ years of financial analysis including underwriting of commercial loan credits

• 3+ years of experience decisioning commercial loan credit approvals

• In-depthknowledge of bankpolicies, procedures, and criteria

• In-depth knowledge of SBA, USDA, and other Government program guidelines

Preferred Experience

• Commercial lending and sales experience

#LI-DNI

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 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

For a detailed overview of our employee benefits please visit:http://www.liveoakbank.com/careers/

Live Oak Bank is an Aff… 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 [e-mail].

EEO is the Law

The base pay range for this position is $169,620.00 - $236,440.00 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.