Senior Loan Officer

This is a fully remote position, open to applicants in District of Columbia, +1 more state.

📋 Description

• Reviews, assesses, and endorses commercial customer applications for credit extensions.

• Conducts interviews with applicants and requests specific information necessary for loan applications.

• Structures credit in accordance with SBA program guidelines.

• Cultivates customer relationships by providing friendly, courteous, and responsive service.

• Markets the Bank's services to both existing and prospective customers at industry-specific trade shows.

• Fosters strong connections with referral sources across various market niches.

• Evaluates applicants' financial situations, credit histories, and property assessments to ascertain if loan requests align with the Bank's SBA criteria.

• Structures lending opportunities to adhere to the Bank's SBA Standards.

• Assesses repayment sources for potential loan requests.

• Communicates with or interviews applicants or creditors to clarify any queries regarding application information.

• Proposes loans to the loan committee for endorsement.

• Denies loans that do not fulfill lending requirements.

• Develops and sustains robust relationships with referral sources.

• Maintains connections with existing loan account customers and manages current loan accounts as necessary.

• Stays informed about economic conditions, developments, and trends within customers' businesses, the banking sector, and the specific market niches targeted by the Bank.

• Collaborates as a team, recognizing that each member contributes significantly to the team's success.

• Remains updated on the products and services offered by the Bank.

• Upholds a high standard of regulatory awareness, including BSA, AML, CIP, and OFAC.

⛳️ Requirements

• Bachelor's degree or equivalent professional experience.

• 5 to 7 years of experience in financial or industry-related fields.

• Well-established external COIs/referral sources.

• A strong market influencer in the DC area.

• Proven record of closing $15 million or more annually for the past three years, preferably within the industries that Live Oak Bank finances.

• Exceptional customer service and interpersonal abilities.

• Comprehensive understanding of the Bank's lending policies, procedures, and criteria.

🏝️ Benefits

• Paid sick leave