BDO Senior Loan Officer DC

About Us

How This Role Impacts Live Oak and its People

In accordance with established lending policies and procedures examines evaluates and recommendsapproval of commercial customer applications for extensions of credit predominately through SBA loanprograms. Interviews applicants and requests specified information for loan application. Structures creditsin a manner consistent with SBA program guidelines. Develops customer relationships through friendlycourteous and responsive service. Promotes Banks services to current and potential customers throughindustry-specific trade shows. Develop strong relationships with referral sources in various market niches.

What Youll 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 Banks SBA 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 asneeded

• Keeps abreast of economic conditions changes and trends in customers businesses the bankingindustry 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

• Bachelors degree or equivalent experience

• 5 - 7 years of financial or industry related experience

• Well established external COIs/referral sources

• Strong market influencer in DC area

• Has a history of closing $15 M per year for the past 3 years preferably in the 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 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

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.