Associate Construction Specialist

About Us

How This Role Impacts Live Oak and its People

Ensures the specialty construction portfolio is actively managed and continuously monitored to identify and mitigate risk. Utilizes experience and expertise to guide borrowers projects and lending teams on policies procedures and best practices related to construction. Ensures all construction department standards are appliedconsistently and in accordance with Bank and government guaranteed lending policies and procedures to promote a highqualityconstruction portfolio.

What Youll Do at Live Oak

• Generate the construction closing checklist and participate in closing kickoff calls to educate borrowers on construction loan closing requirements.
• Collaborate with lenders underwriters closers borrower general contractor and other third parties to ensure necessary construction documentation is collected prior to closing.
• Provide lending teams construction closing updates during pipeline meetings.
• Initiate required credit enhancements. Engage thirdparty firms for initial project review and construction inspections.
• Prepare analyze and present general contractor due diligence for approval.
• Review construction documents collected from borrower to ensure completeness and accuracy prior to submitting file for closing approval.
• Confirm final loan budget and configure project setup in disbursement software application.
• Create and submit disbursements in conformance with bank and loan agreement funding requirements.
• Coordinate with internal and external partners on participated loans to insure loans are funded timely. Address participant questions or concerns and elevate issues as appropriate to avoid funding delays.
• Ensure inspections and title updates are timely ordered lien waivers and change orders collected and the preparation of draw checklist is completed in a manner to expedite disbursements.
• Serve as borrowers construction point of contact throughout loan closingand disbursement. Answer generalloan questions monitor project timelinesmanageloan budget and maintain current loan file through project completion.
• Completes modification requests on multiadvance loans as necessary. Works with internal and externalpartiesas required to facilitate documentation.
• Track monthly loan payments and address delinquencies in a prompt manner.
• Assist internal servicing department with collection of updated financials from borrowers in accordance with loan agreement.
• Elevate problematic situations to Construction Manager and Credit Administration as needed.

How Youll Do It

• Has responsibility for following regulatory requirements including those pertaining to the Bank SecrecyAct (BSA) AntiMoney Laundering (AML) Customer Identification Program (CIP) and OFAC to assist inthe identification detection and determent of money laundering or other unlawful activities.
• Treats people with respect; keeps commitments; inspires the trust of others; works ethically and withintegrity; upholds organizational values; accepts responsibility for own actions.
• Performs other duties as required.

Required and Preferred Experience

• 12 years of commercial lending/customer service experience is required
• Extensive knowledge of Bank and government guaranteed programs construction standards policies and procedures is required
• Knowledge of BUILT and Salesforce is required
• Bachelors degree or3to4years equivalent experience preferred
• Effective communication skills with a focus on conflict resolution
• Detail orientedwith a high degree of accuracy
• Strong organizational skills with the ability to prioritize workload
• Excellent customer service skills
• Proficient with Microsoft Office Suite

Our Values

• Dedication:Possess a deep commitment to Live Oak Banks 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 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: 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.

EEO is the Law

Commitment to Diversity
Live Oak Bank is committed to creating and maintaining a workplace in which all employees have an opportunity to participate and contribute to the success of the business and are valued for their skills experience and unique perspectives. This commitment is embodied in company policy and the way we do business at Live Oak Bank and is an important principle of sound business management.