BDO / Senior Loan Officer - DC

About Live Oak Bank 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 businesses, and our high‑yield savings and CD products help them grow their hard‑earned money. How This Role Impacts Live Oak and Its People In accordance with established lending policies and procedures, examine, evaluate, and recommend approval of commercial customer applications for extensions of credit, predominately through SBA loan programs. Interview applicants and request specified information for loan applications. Structure credits in a manner consistent with SBA program guidelines. Develop customer relationships through friendly, courteous, and responsive service. Promote Bank's services to current and potential customers through industry‑specific trade shows. Develop strong relationships with referral sources in various market niches. What You’ll Do at Live Oak Develop sales, marketing, and business development strategies for SBA BDO / Generalist Team. Serve as primary business development originator for SBA BDO / Generalist Team. Analyze applicants’ financial status, credit, and property evaluation to determine if loan requests meet the Bank’s SBA criteria. Structure loan opportunities to comply with Bank SBA Standards. Evaluate sources of repayment on potential loan requests. Correspond with or interview applicants or creditors to resolve questions regarding application information. Recommend loans to loan committee for approval; reject loans that do not meet lending criteria. Develop and maintain strong relationships with referral sources. Develop industry expertise in serving specified market niches. Maintain relationships with existing loan‑account customers and administer existing loan accounts as needed. Keep abreast of economic conditions, changes, and trends in customers’ businesses, the banking industry, and the specific market niches targeted by the Bank. Act as a team member, realizing that all members are vital to the team’s success. Stay current with products and services the Bank is offering. Maintain a high standard of regulatory awareness, including BSA, AML, CIP, and OFAC. Perform other duties as required. Required Experience Bachelor’s degree or equivalent experience. 5‑7 years of financial or industry‑related experience. Well‑established external COIs/referral sources. Strong market influencer in the DC area. History of closing $15+M per year for the past 3 years, preferably in the industries that Live Oak Bank finances. Excellent customer service and interpersonal skills. In‑depth knowledge of Bank lending policies, procedures, and criteria. Strong work ethic, strong organizational skills, sound judgment, detail oriented, PC proficiency. Public speaking recommended. Preferred Experience Formal SBA credit training. 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. Compensation Base pay range: $128,500.00 - $436,900.00 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. Equal Employment Opportunity Live Oak Bank is an affirmative action and equal opportunity employer. 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 View email address on click.appcast.io. EEO is the law. #J-18808-Ljbffr Live Oak Bank