BDO / Senior Loan Officer - Chicago
About the role
In accordance with established lending policies and procedures, examines, evaluates, and recommends approval of commercial customer applications for extensions of credit, predominately through SBA loan programs. Interviews applicants and requests specified information for loan application. Structures credits in a manner consistent with SBA program guidelines. Develops customer relationships through friendly, courteous and responsive service. Promotes Bank's services to current and potential customers through industry-specific trade shows. Develops strong relationships with referral sources in various market niches.
Responsibilities
- Develops sales, marketing, and business development strategies for SBA BDO / Generalist Team
- Primary business development originator for SBA BDO / Generalist Team
- Analyzes applicants' financial status, credit, and property evaluation to determine if loan requests meet the Bank's SBA lending criteria
- Structures loan opportunities to comply with Bank SBA standards
- Evaluates sources of repayment on potential loan requests
- Corresponds with or interviews applicants or creditors to resolve questions regarding application information
- Recommends loans to loan committee for approval
- Rejects loans that do not meet lending criteria
- Develops and maintains strong relationships with referral sources
- Develops industry expertise in serving specified market niches
- Maintains relationships with existing loan account customers and administers existing loan accounts as needed
- Keeps abreast of economic conditions, changes and trends in customers' businesses, the banking industry and the specific market niches targeted by the Bank
- Functions as a team and realizes all members of the team are vital to its success
- Stays current with products and services the Bank is offering
- Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC
- Performs other duties as required
Requirements
- Bachelor's degree or equivalent experience
- 5 - 7 years of financial or industry related experience
- Well established external COIs/referrals sources
- Strong market influencer in Chicago area
- Has a history of closing $15 + M per year for the past 3 years, preferably in industries that Live Oak Bank finances
- Excellent customer service and interpersonal skills
- In-depth knowledge of Bank lending policies, procedures and criteria
Qualifications
- Formal SBA credit training
- Strong work ethic
- Strong organizational Skills
- Public Speaking recommended
- Sound judgment
- Detail oriented
- PC proficiency
Skills
- Dedication
- Ownership
- Respect
- Innovation
- Teamwork
Benefits
For a detailed overview of our employee benefits please visit: http://www.liveoakbank.com/careers/
Pay
The base pay range for this position is $128,500.00 - $436,900.00 per year. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy.
Schedule
A candidate’s salary is determined by several factors including travel, relevant work experience or skills and expertise.
Equal Opportunity Employer
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.