Director, Sponsor Finance

Posted 15 Days Ago
9 Locations
In-Office or Remote
125K-425K
Senior level
Fintech • Payments • Financial Services
The Role
The Director of Sponsor Finance will develop the Sponsor Finance portfolio through business development, transaction structuring, and cross-functional collaboration, while managing staff and ensuring adherence to lending criteria.
Summary Generated by Built In

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 America’s 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 Director – Sponsor Finance will play a pivotal role in advancing the growth of Live Oak's Sponsor Finance portfolio. The position will report to the Managing Director of the Sponsor Finance Group, and is a senior-level individual contributor position with a strong focus on new business development, structuring transactions, and partnering cross-functionally to scale the Sponsor Finance function.  This role will work closely with clients to understand their financial needs and provide customized financing solutions for their M&A opportunities.  

What You’ll Do at Live Oak

  • Analyze applicants’ financial status, credit, and property evaluation to determine if loan requests meet the Bank’s lending criteria.

  • Structure loan opportunities to comply with Bank standards or reject loans that do not meet lending criteria.

  • Evaluate sources of repayment on potential loan requests.

  • Communicate with the Portfolio Manager to ensure proper hand-off of applicants for underwriting or creditors to resolve questions regarding application information.

  • Actively participate with Executive Management to develop strategies for the business vertical and the Bank.

  • Ensure adherence to loan terms and conditions, including timely receipt of required financial information, covenant compliance, and portfolio reviews.

  • Identify and develop new deposit relationships.

  • Develop and maintain strong relationships with referral sources.

  • Cultivate industry expertise in serving specified market niches.

  • Stay abreast of economic conditions, changes, and trends in customers’ businesses, the banking industry, and the specific market niches targeted by the Bank.

  • Manage staff, monitor performance, and ensure coaching opportunities and performance appraisals are completed in a timely manner.

  • 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 identification, detection, and deterrence of money laundering or other unlawful activities.

Required and Preferred Experience

  • 10+ years of experience in commercial lending, with at least 5 years specifically in Sponsor Finance lending required.

  • Proven track record of executing and managing Sponsor backed transactions in a senior capacity required.

  • Strong business development acumen and experience managing complex client relationships required.

  • Ability to work autonomously in a fast-paced, evolving environment required.

  • Bachelor’s degree in finance, Business, or related field required; MBA preferred.

  • Willingness to travel as needed to meet clients and support business development required.

Our Values

  • Dedication: Possess a deep commitment to Live Oak Bank’s 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: http://www.liveoakbank.com/careers/

Live 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 [email protected].

EEO is the Law

The base pay range for this position is $125,000.00 - $425,000.00 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 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.   

Am I A Good Fit?
beta
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
969 Employees
Year Founded: 2008

What We Do

Live Oak Bank has had the privilege of helping thousands of passionate, driven people turn their dreams into reality. These everyday heroes aren’t in it for the fortune or the fame. They’re in it to make a difference, just like we are.

As one of the last banks to get a charter before the start of the Great Recession, Live Oak emerged out of the rubble of 2008 as the first bank to keep the customer at the center of the business model. We put a groundbreaking spin on what banking could be, focused on service and technology to redefine banking.

Live Oak is a digital, cloud-based bank serving small business owners in all 50 states. We are the #1 SBA 7(a) lender by dollar volume* in the country and our mission is to be America’s small business bank. We aim to fulfill that mission through banking products that help business owners buy, build and expand, along with FDIC-insured checking, high-yield savings and CD accounts to grow their hard-earned money. Our family of companies under the holding and parent company Live Oak Bancshares (NYSE: LOB), and our subsidiaries, partner with businesses who share a groundbreaking focus on service and technology to redefine banking.

Our mantra is to treat every customer like the only customer and our mission is to be America’s small business bank.

Similar Jobs

CDW Logo CDW

On Campus Internship - University of California, Irvine

Artificial Intelligence • eCommerce • Information Technology • Internet of Things • Automation
Remote or Hybrid
US
17-17

CDW Logo CDW

On Campus Internship - California State University - Northridge

Artificial Intelligence • eCommerce • Information Technology • Internet of Things • Automation
Remote or Hybrid
US
17-17

CDW Logo CDW

On Campus Internship - University of Oregon

Artificial Intelligence • eCommerce • Information Technology • Internet of Things • Automation
Remote or Hybrid
US
16-16

CDW Logo CDW

On Campus Internship - Mississippi State University

Artificial Intelligence • eCommerce • Information Technology • Internet of Things • Automation
Remote or Hybrid
US
16-16

Similar Companies Hiring

Amplify Platform Thumbnail
Fintech • Financial Services • Consulting • Cloud • Business Intelligence • Big Data Analytics
Scottsdale, AZ
62 Employees
Camber Thumbnail
Social Impact • Healthtech • Fintech
New York, NY
53 Employees
Rain Thumbnail
Web3 • Payments • Infrastructure as a Service (IaaS) • Fintech • Financial Services • Cryptocurrency • Blockchain
New York, NY
40 Employees

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account