Credit Officer, Commercial

About the role

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 Credit Officer, Commercial approves credit requests within their individual loan authority, adhering to Bank policies and Government program guidelines. They assist in the review of the Bank's loan portfolio to help prevent or reduce loan losses. Responsibilities include verifying that documentation aligns with loan approvals and regulatory requirements, identifying signs of loan quality deterioration, and ensuring compliance with policy objectives. What You'll Do at Live Oak Support loan production under the direction of the Managing Director, Commercial Credit, while ensuring compliance with risk policies and procedures Analyze loan transaction and portfolios across Commercial Finance and E&I lending teams, including: Seniors Housing, ABL/GovCon, Sponsor Finance, Venture Banking, and Energy & Infrastructure 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) Perform additional tasks as assigned by senior credit leadership 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 Preferred Experience 3+ years of experience in one or more of the following lending disciplines: commercial real estate, energy & infrastructure, venture banking, project finance, or sponsor finance Commercial lending and sales experience 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 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 HumanResources@liveoak.bank . EEO is the Law The base pay range for this position is $143,920.00 - $205,600.00 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.