Associate Live Oak Express Lending Officer

About the role

The Associate Live Oak Express Lending Officer will be an integral team member serving the needs of clients. This role will be central and responsible in supporting all end-to-end activities of the business to include sales and growth strategies, business development and prospecting, client deepening activities, risk management, underwriting, operations, servicing, and portfolio management. Additionally, this role will have keen focus on safety and soundness and risk governance. Lastly, this position will serve as a key team member for strategic efforts related to the lending platform buildout and ongoing evolution that will support Live Oak Express and the entire bank.

Responsibilities

• Support the Director, Live Oak Express in the development and execution of tactical initiatives that drive the intermediate and longer-term strategic objectives of the business
• Aid in the development and execution of sales and growth projects and strategies related to business development, production pipeline management, verticalization and cross-sell, and client relationship deepening efforts
• Assess loan applications for completeness; make decisions on loan applications in a timely manner within delegated lending authority while adhering to bank policy, risk appetite, and regulatory guidelines
• Serve as a valued teammate related to the buildout and ongoing management of a cloud native, API enabled, digital end-to-end lending platform with a best-in-class risk framework that will underpin Live Oak Express, as well as the future state of credit decisioning for the entire bank (e.g., digital application and loan documents, underwriting workflows, credit decision engine & automation, product expansion, risk-based pricing)
• Assist in the ongoing credit portfolio management, credit policy, and financial performance activities that influence risk management, policy, and profitability
• Develop and manage acquisition and client deepening campaigns across new /existing Live Oak Express businesses, verticals, products, and features
• Audit and decide high-quality loans meeting bank policy in a high-volume, data-driven lending business
• Support new and existing clients related to loan applications, onboarding, and issue resolution
• Contribute to risk governance activities of the business (e.g., steering committee, risk committee, portfolio management)
• Maintain regular meetings with Live Oak Express Leadership to discuss business performance, industry trends, emerging risks, and opportunities
• Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC

Qualifications

• Bachelor’s degree in business, economics, computer science, or mathematics, or equivalent experience
• 1 - 3 years of proven banking experience across multiple financial services functions including lending, underwriting, credit, servicing, strategy and/or product covering both SBA and conventional loans, lines of credit, cards, and/or payments for business and/or consumer lending businesses
• Knowledge of business credit underwriting and loan structures that mitigate risks; strong conceptual understanding of risk /reward pricing and fee structures
• Fundamental knowledge of the SMB market drivers, competitors, and products
• Understanding of Live Oak Bank organizational vision, strategy, operations, and culture
• Effective verbal and written communication skills; ability to tailor communications to a broad spectrum of audiences and cross-functional teams
• Strong conceptual ability: able to solve complex problems with simple, easy to explain solutions
• Time spent in a fast-paced, technology-driven, result-oriented, often ambiguously defined arena, with shifting priorities and timelines

Skills

• Proficiency in data analysis, forecasting, and budgeting
• Intellectually curious
• Excellent written and verbal communication
• Strong work ethic, self-motivated, get it done attitude

Benefits

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

Pay

$56,540.00 - $92,520.00 per year

Schedule

Not specified