Associate Secondary Market Analyst

Wilmington - USA

Yearly Salary: $ 55000 - 90000

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

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

As an Associate Secondary Market Analyst your role is crucial in safeguarding the accuracy and integrity of our core data through your knowledge of Live Oak loan products. Your role will directly impact the Banks financials bysupporting the Secondary Markets team in the execution of anysecondary market and participation loan activities.

What Youll Do at Live Oak

Processes/maintains secondary market loan activities including coordinating the sale of loans booking the sold/participated portion of loans filing appropriate reports processingpaymentsand maintaining the loans and the relationship with participatory banks.
Gives notification to SBA/USDA regarding participations makes requests for data changes in the SBA database to facilitate secondary market sales and interfaces with SBAs Fiscal Transfer AgentParticipants & USDA investors for loan requests/modifications.
Reviews the applicable terms of the Note Authorization and SBA systems for accuracy during the loan bidding process.
Processes daily 1502 for secondary market investors.
Executes Data Analysis using Fiserv Premier Business Analytics.
Tracks sold and settled loans and income derived from those sold. Makes proper general ledger entries to account for transactions related to the settlement of sold loans.
Reconciles general ledger accounts for disbursements on future advancing loans.
Tracks sold and settled loans and income derived from those sold. Makes proper general ledger entries to account for transactions related to the settlement of sold loans.
Reconciles general ledger accounts for participation payments loan suspense and disbursements on future advancing loans.
Supports Secondary Market Analyst in filing and record keeping of sale documents and participation agreements at time of sell and repurchase when applicable.
Support Secondary Market Analyst in fielding loan-specific questions received from secondary market investors or participants as it relates to loan activity.
Support Secondary Market Analyst in the loan modification process as it relates to secondary market-related activities.
Update core data to align with approved loan modification documents.

How Youll Do It

Utilizing detailed-oriented data organization skills assist in the loan sale settlement and servicing functions
Extensive knowledge of Excel will assist you infacilitating secondary market transactions.
Develops an understanding of Bank systems including Fiserv Premier Salesforce Prism and more.
Develops an understanding of bank policies and procedures.
Develops an understanding of the Banks sold and participated portfolio
Develops an understanding of the Banks loan products (SBA USDA and participations)
Take ownership of primary responsibilities

Required and Preferred Experience

Bachelors degreein FinanceBusiness Applied Mathematics Computer ScienceStatisticsData Scienceor another related field
Proficiency inMicrosoft Office (Advanced Excel)
Fluency with Excel formulas and functions
Strong interpersonal skills and ability to communicate effectively
Analytical and data-gathering skills
Learning thinking concentration creativity
The ability to remain flexible and willing to get involved in a variety of ad-hoc projects
The ability to interact with others and exercise self-control
The ability to exercise discretion when necessary

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 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: 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

The base pay range for this position is $55000.00 - $90000.00 per year. Compensation may also include annual bonuses and long-term incentives subject to various metrics and company policy. A candidates 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.

Required Experience:

About UsLive 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...