Senior Counsel, Lending and Operations

Live Oak Banking

Job Location:

Wilmington, DE - USA

Yearly Salary: $ 113080 - 154200

Posted on: 17 hours 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

The Senior Counsel Lending and Operations provideshandsonlegal advice and operational guidance focused on transaction execution within the Banks lending and operations functions. This role partners closely with lending closing and operations teams to support efficient consistent and compliant loan execution. The Senior Counsel serves as a trusted legal resource for complextransaction levelmatters and contributes to reducing legal friction while supportingtimelyandhigh-qualityoutcomes for the Bank and its clients.

What Youll Do at Live Oak

Serve as lead counsel forin-houseSBA 7(a) loan closings and other assigned lending transactions.

Provide legal support to the Bank and advise business and operational leaders on legal matters related to lending andday-to-dayoperational activities.

Define issues perform legal research analyzetransaction levellegal questions evaluate alternatives andprovidepractical legal guidance that supportstimelyexecution and risk management.

Serve as an operationally embedded legal partner by working closely with lending closing and operations teams on loan execution documentation exceptions and modifications.

Assist loan closing and loan modification teams with questions related to closings loan documentation loan exceptions compliance and loan modifications.

Prepare review and negotiate legal documents to document and close lending transactions including promissory notes guarantees mortgages or deeds of trust assignments security agreements real estate closing statements and modification agreements.

Review analyze prepare and negotiate due diligence items as applicable including title commitments and exceptions surveys searches purchase agreementsnoncompetitionagreements leases organizational documents andintercreditoragreements.

Oversee the filing of applicable security documents to perfect liens in real and personal property collateral.

Coordinate with the Closing team to clearpost-closingexceptions.

Work closely with lending teams to support the development and execution of loan products byproviding practical legal input tied to transaction structure and documentation.

Interact regularly withcross functionalpartners including Closing Operations and Finance to address operational issues process questions and documentation requirements.

Providesubjectmatterexpertiseand guidance to legal colleagues andcross functionalpartners and contribute to knowledge sharing and professional development within the Legal team.

Escalate complexhigh risk ornonstandardlegal issues to theManaging Counsel Lending and Operationsasappropriate toensure sound outcomes for the Bank and its clients.

Maintain a high standard of regulatory awareness including BSA AML CIP and OFAC.

Required Experience

A juris doctorate degree (or equivalent) and license to practice in at least one state.

A minimum of five years professional legal experience.

Experience with commercial real estate closings or other commercial loan transactions.

Preferred Experience

Experience with SBA loan closing and documentation.

Experience drafting and reviewing organizationalandcorporate documentation.

Experience supporting lending operations in a regulated financial institution.

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 $113080.00 - $154200.00 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:

Senior IC

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...