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 Commercial Underwriter, as a member of Live Oak Bank's CRE team, will lead the evaluation, underwriting, and closing of commercial real estate loans. The Senior Commercial Underwriter will coordinate and/or perform market research, due diligence, financial models and analysis, credit presentations, legal documentation review, and other projects through the entire loan process. The Senior Commercial Underwriter will work with other support functions across the bank to ensure execution of loan production pipelines while delivering top quality customer service to sophisticated (Institutional and High Net Worth) Borrowers.

Job Responsibilities

Support the CRE team by analyzing and underwriting new loan transactions with a focus on the Healthcare Real Estate asset class, with opportunity to cross train on other CRE asset classes over time (Hospitality, Seniors Housing, Multifamily, etc.).
Preparation of pre-screen memos, final credit memos, and other analysis for new transactions.
Assist in the entire Loan Production process with increasing exposure and responsibility over time.
Lead, coordinate, or contribute to special projects, audits, quarterly portfolio reviews, and other ad hoc duties.
Serve as a knowledgeable resource in the Healthcare Real Estate industry and develop industry relationships.

How You'll Do It

Be capable of leading all aspects of the transaction, and will execute with support from team members, including:
- Analysis of market and demographic trends
- Loan structuring
- Review and analysis of due diligence items and reports
- Financial spreads and proforma model analysis
- Credit presentations
- Legal documentation review and negotiation
- Maintaining familiarity with applicable systems and ensuring accurate information for team and other departments
Interact with other Underwriters, Portfolio Analysts & Managers, Senior Loan Officers, Managing Directors, Construction Team, Loan Operations, Closing, and other departments within the bank.
Often work as part of a team in partnership with both junior underwriters and underwriting managers.

Required and Preferred Experience

Bachelor's degree in business or finance and 5+ years of relevant experience required
5+ years of CRE underwriting experience and/or real estate or specific background preferred
Strong knowledge of credit analysis, spreading and analyzing financial statements, risk analysis, credit scoring, loan documentation, etc.
Strong Excel and modeling skills
Excellent written and verbal communication skills
Strong working knowledge of banking products, services, policies, procedures and regulations
Excellent organizational skills with ability to prioritize and manage multiple workstreams and shifting priorities
Excellent internal and external customer service and relationship management skills, with ability to maintain effective working relationships with all levels of bank personnel
Ability to take on special assignments on an as-needed, ad-hoc basis
Willingness to coach and mentor junior underwriters
Motivated self-starter

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: 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 [redacted]

EEO is the Law

Commitment to Diversity
Live 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 $110,000.00 - $150,000.00 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.

Live Oak Bank jobs

Senior Commercial Underwriter, Healthcare Real Estate