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 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 PeopleThe Portfolio Analyst ( PA ), Sponsor Finance serves as an integral part of the bank's credit risk management and is responsible for collecting and analyzing financial data, completing financial spread analysis, testing financial covenants, and completing loan reviews, advances, renewals, and amendments. Additionally, PA provides support to more senior members of the Specialty Finance team, preparing diligence materials and providing valuable feedback on portfolio performance.
What You'll Do at Live Oak- Collect and analyze financial information from assigned accounts through the life of the relationship.
- Responsible for reviewing and spreading financial statements.
- Ensures clients remain compliant with all conditions set forth in the loan documentation.
- Conduct on-boarding of new clients
- Manage operational complexity and inquiries from both external and internal stakeholders.
- Assist analysts with underwriting loan modifications/amendments/renewals accurately and timely in accordance with bank procedures and policy.
- Engage the deal team and credit team to guide underperforming client accounts.
- Identify underperformance and proactively identify root causes which may result in defaults under the loan documents.
- Work with internal partners to determine and carry out the appropriate response to underperformance to protect the bank's interests.
- Facilitate loan advance requests by working with the client as well as bank legal, credit, and operations departments.
- Assist with underwriting and closing advance requests under Delayed Draw Term Loan facilities.
- Responsible for monitoring and processing Revolver advances in a timely manner and pursuant to loan documents.
- Prepare diligence and presentation materials for ongoing loan reviews.
- Complete various projects as needed or as assigned by management.
How You'll Do It- 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 detection and determent of unlawful activities.
- Take ownership of your primary responsibilities and goals; Pursue them with enthusiasm.
- Monitor and ensure that client credit files remain up to date. This will include creating client credit files, setting up reporting and covenant dashboards, and assisting with various reporting requirements.
- Prepare and deliver presentations in various department meetings on specific loans recommending appropriate action or structure of credits.
- Facilitate third-party engagements including valuations, appraisals, and field exams.
- Exhibit a sense of pride in helping clients and teammates achieve their respective goals.
- Exercise sound judgement; When needed, ask for help or guidance.
- Communicate effectively to set and meet realistic expectations.
- Complete additional tasks as needed by the specific lending team the PA supports.
- Travel may be required
Required and Preferred ExperienceThe successful candidate will have strong organizational skills, excellent verbal and written communication skills, and possess a high degree of financial statement analytical skills. Bachelor's degree in a related field or equivalent work experience of two or more years in a bank commercial lending department is highly preferred.
- Excellent verbal, written, interpersonal, and negotiation skills.
- Demonstrated experience in effectively writing/reviewing loan presentations that identify key risks and mitigants as well as conducting cash flow analysis and collateral evaluation.
- Strong customer service orientation with attention to detail.
- Strong credit and risk management skills with working knowledge of lending policies and procedures.
- Working knowledge of loan agreements, loan structuring, and collateral procedures.
- Ability to consistently make timely sound recommendations to management while ensuring bank policies and procedures are met.
- Uphold core values and build team member and customer relationships.
- Demonstrated experience utilizing credit software to capture credit applications; above-average PC skills including MS Office Applications (Word, Excel) and the ability to quickly learn new software / systems.
- Collaborative and highly coachable.
- Dependable and exhibit a strong work ethic.
To Thrive at Live Oak- Gravitate to Growth - Shows adaptability and support for changes to improve organizational effectiveness.
- Communicate and Collaborate - Communicates clearly and thoughtfully, demonstrating empathy in teamwork.
- Eye of the Tiger - Gets positive results by taking personal responsibility for actions and team outcomes.
- Know Your Business - Curates and maintains a depth of knowledge and skill to perform one's job effectively.
- Customer at the Center - Provides customers with a personalized experience to achieve exceptional outcomes.
For a detailed overview of our employee benefits please visit:
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 ...@liveoak.bankEEO is the Law
Commitment to DiversityLive Oak Bank is committed to creating and maintaining a workplace in which all employees have an opportunity to participate and contribute to the success of the business and are valued for their skills, experience, and unique perspectives. This commitment is embodied in company policy and the way we do business at Live Oak Bank and is an important principle of sound business management.The base pay range for this position is $55,000.00 - $90,000.00 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.