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
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. Develop strong relationships with referral sources in various market niches.
What You’ll Do at Live Oak
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
Required Experience
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
Preferred Experience
Formal SBA credit training
Strong work ethic
Strong organizational Skills
Public Speaking recommended
Sound judgment
Detail oriented
PC proficiency
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[email protected].
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. 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.
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