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 Senior Analyst, Lender Finance will enable the success of the team by underwriting financing opportunities involving Private Credit non-bank lenders as well as aiding in portfolio management. The ideal candidate will possess strong credit analysis skills, a deep understanding of Private Credit lending platforms, the ability to assess collateral quality & performance, and the ability to assess complex financing structures. The Senior Analyst will work closely with originations, portfolio management, legal, and risk teams to structure, analyze, and recommend credit facilities that align with Live Oak’s risk appetite and strategic objectives.
What You’ll Do at Live Oak
- Prescreen Deals: help evaluate, manage, and present Lender Finance opportunities
- Loan Documentation: review, manage, and negotiate the loan documentation process through closing
- Underwriting: spread & analyze borrower financials, evaluate portfolio characteristics, collateral performance, collateral quality trends, historical loss performance, concentration risks, originator underwriting practices, originator servicing capabilities, and market dynamics
- In partnership with Loan Officers, create the appropriate credit overview materials and present them to Credit for initial approval
- Help structure financing facilities, including warehouse lines, revolving credit facilities, term loans, and asset-backed lending transactions
- Portfolio Management: help manage the quarterly Portfolio Review including processing and completing updated risk-rating worksheets for each client
- Assist the Loan Officer as appropriate during term sheet negotiations
- Collaborate with legal counsel and transaction teams during due diligence, documentation, and closing processes
- Stay informed on market trends, industry developments, and competitive dynamics within the Lender Finance and Private Credit sectors
- Manage the internal process for Amendments and Renewals and assist the Loan Officer externally as appropriate
- Participate in ongoing client calls as part of the ongoing portfolio management process
- Assist with the credit post-closing
- Participate in other strategic initiatives and credit-related projects as needed; this may include identifying new opportunities (credit or otherwise) within the existing portfolio and working to expand key Lender Finance relationships
- Primary responsibilities will include assisting the lending team on all aspects of the lending process
- Manage the credit transaction process from approval through post-closing
- Responsible for underwriting complex credits
- Works closely with the lending and closing departments to coordinate pre-closing activities, loan documentation review and negotiation, as well as other responsibilities throughout the closing process
- Maintains current and in-depth knowledge of banking and lending products, policies, procedures, and regulatory requirements, as well as market and industry activities and trends
- Ensure proper monitoring of current loans, financial performance updates, and portfolio review
- Performs other related duties as assigned or requested
- Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC
Required Experience
- 2 to 5+ years of underwriting experience, with direct Lender Finance or Private Credit experience
- Strong knowledge in the Private Credit and Direct Lending ecosystem
- Experience evaluating lending platforms, loan portfolios, and structured credit transactions
- Advanced knowledge of various types of loans, credit analysis, spreading and analyzing financial statements, risk analysis, credit scoring, loan documentation, etc
- Strong working knowledge of banking products, services, policies, procedures, and regulations
- Strong client product and relationship management skills
- Excellent organizational skills with the ability to prioritize and manage workload
- Strong credit and underwriting knowledge
Preferred Experience
- Bachelor’s degree in Business or Finance
- Underwriting background
- Knowledge of Lower Middle Market, Middle Market, Real Estate, and Venture asset classes
- Excellent internal and external customer service and relationship management skills
- Excellent written and verbal communication skills
- Maintain effective working relationships with all levels of bank personnel
- Prioritize responsibilities as part of a team managing multiple workstreams
- Critically analyze new lending opportunities for businesses operating in a variety of industries nationwide
- Manage a book of diverse clients in accordance with Live Oak Bank policies and procedures
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 $113,080.00 - $154,200.00 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.
Skills Required
- Bachelor's degree in Business or Finance
- 2 to 5 years of underwriting experience
- Direct Lender Finance or Private Credit experience
- Strong credit and underwriting knowledge
- Excellent written and verbal communication skills
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.
