Senior Loan Officer

Company Overview

Live Oak Bank is a digital bank that serves small business owners across the United States. Our focus on SBA loan programs and high‑yield savings helps businesses grow.

• Examine, evaluate, and recommend approval of commercial customer applications for extensions of credit, predominantly through SBA loan programs.
• Interview applicants and request specified information for loan applications.
• Structure credits in a manner consistent with SBA program guidelines.
• Develop customer relationships through friendly, courteous, and responsive service.
• Promote Bank services at industry‑specific trade shows.
• Develop strong relationships with referral sources in various market niches.
• Analyze applicants’ financial status, credit, and property evaluation to determine if loan requests meet the Bank’s, SBA’s, and/or USDA’s lending criteria.
• Structure loan opportunities to comply with Bank, SBA, and USDA standards.
• Evaluate sources of repayment on potential loan requests.
• Correspond with or interview applicants or creditors to resolve questions regarding application information.
• Recommend loans to loan committee for approval.
• Reject loans that do not meet lending criteria.
• Maintain strong relationships with referral sources.
• Develop industry expertise in specified market niches.
• Maintain relationships with existing loan account customers and administer existing loan accounts as needed.
• Stay current with economic conditions, changes, and trends in customers’ businesses, the banking industry, and the specific market niches targeted by the Bank.
• Perform other duties as required.

• Bachelor’s degree or equivalent experience.
• 5–7 years of financial or industry‑related experience.
• Excellent customer service and interpersonal skills.
• In‑depth knowledge of bank lending policies, procedures, and criteria.
• Strong work ethic.
• Strong organizational skills.
• Detail‑oriented.
• PC proficiency.
• Public speaking recommended.
• Sound judgment.

• Formal SBA and/or USDA and conventional credit training.

• Dedication – deep commitment to Live Oak Bank’s mission and core values.
• Ownership – take initiative to deliver positive results by proactively and creatively solving problems.
• Respect – treat everyone with courtesy, politeness, and kindness.
• Innovation – embrace fresh ideas and contribute new solutions.
• Teamwork – foster collaboration, accountability, and trust with others.

Live Oak Bank is an affirmative action and equal opportunity employer. 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.

The base pay range for this position is $–$ per year. Compensation may also include annual bonuses and long‑term incentives, subject to various metrics and company policy. A candidate’s salary is determined by factors such as travel, relevant work experience or skills and expertise. We provide paid sick leave to employees in states with employer‑paid sick leave requirements, including Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.