Portfolio Analyst, Sponsor Finance
Portfolio Analyst, Sponsor Finance
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$ 55000 - 90000
1 Vacancy
Job Description
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 Americas 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
ThePortfolio Analyst (PA) Specialty Financeserves as an integral part of the banks credit risk management and is responsible for collecting and analyzing financial data completing financial spread analysis testing financial covenants and completing loan reviews advances renewals and amendments. Additionally PA provides support to more senior members of the Specialty Finance team preparing diligence materials and providing valuable feedback on portfolio performance.
What Youll Do at Live Oak
Collect and analyze financial information from assigned accounts through the life of the relationship.
Responsible for reviewing and spreading financial statements.
Ensures clients remain compliant with all conditions set forth in the loan documentation.
Conduct on-boarding of new clients
Manage operational complexity and inquiries from both external and internal stakeholders.
Assist analysts with underwriting loan modifications/amendments/renewals accurately and timely in accordance with bank procedures and policy.
Engage the deal team and credit team to guide underperforming client accounts.
Identify underperformance and proactively identify root causes which may result in defaults under the loan documents.
Work with internal partners to determine and carry out the appropriate response to underperformance to protect the banks interests.
Facilitate loan advance requests by working with the client as well as bank legal credit and operations departments.
Assist with underwriting and closing advance requests under Delayed Draw Term Loan facilities.
Responsible for monitoring and processing Revolver advances in a timely manner and pursuant to loan documents.
Prepare diligence and presentation materials for ongoing loan reviews.
Complete various projects as needed or as assigned by management.
How Youll Do It
Follow regulatory requirements including those pertaining to the Bank Secrecy Act (BSA) Anti-Money Laundering (AML) Customer Identification Program (CIP) and OFAC to assist in the detection and determent of unlawful activities.
Take ownership of your primary responsibilitiesand goals; Pursue them with enthusiasm.
Monitor and ensure that client credit files remain up to date. This will include creating client credit files setting up reporting and covenant dashboards and assisting with various reporting requirements.
Prepare and deliver presentations in various department meetings on specific loans recommending appropriate action or structure of credits.
Facilitate third-party engagements including valuations appraisals and field exams.
Exhibit a sense of pride in helping clients and teammates achieve their respective goals.
Exercise sound judgement; When needed ask for help or guidance.
Communicate effectively to set and meet realistic expectations.
Complete additional tasks as needed by the specific lending team the PA supports.
Travel may be required
Required and Preferred Experience
The successful candidate will have strong organizational skills excellent verbal and written communication skills and possess a high degree of financial statement analytical skills. Bachelors degree in a related field or equivalent work experience of two or more years in a bank commercial lending department is highly preferred.
Excellent verbal written interpersonal and negotiation skills.
Demonstrated experience in effectively writing/reviewing loan presentations that identify key risks and mitigants as well as conducting cash flow analysis and collateral evaluation.
Strong customer service orientation with attention to detail.
Strong credit and risk management skills with working knowledge of lending policies and procedures.
Working knowledge of loan agreements loan structuring and collateral procedures.
Ability to consistently make timely sound recommendations to management while ensuring bank policies and procedures are met.
Uphold core values and build team member and customer relationships.
Demonstrated experience utilizing credit software to capture credit applications; above-average PC skills including MS Office Applications (Word Excel) and the ability to quickly learn new software / systems.
Collaborative and highly coachable.
Dependable andexhibit a strong work ethic.
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.
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.
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.
Required Experience:
IC
Employment Type
Full-Time
