Portfolio Manager, Asset Based Lending

About Us

How This Role impacts Live Oak and its People

The Portfolio Manager, Commercial Banking (“PM”) is primarily responsible for the credit risk management, underwriting, and reporting for their team’s portfolio. The PM will manage a team of analysts, supporting the Commercial lending team with underwriting and servicing of an assigned portfolio of clients. The PM will ensure their team’s underwriting and servicing standards align with Live Oak Bank’s policies and procedures. Additionally, the PM leads a team of analysts, providing oversight while training and developing a group of talented professionals.

What You’ll Do at Live Oak

• Will have a deep and comprehensive understanding of the bank’s credit policies and procedures

• Responsible for hiring, onboarding, and training all new Analysts that join the team

• Improves efficiency among all aspects of the business line’s underwriting and servicing function

• Implements risk management strategies among all aspects of the portfolio, including tracking exposure to various concentration limits, validation of data and credit quality, and upholding the integrity of credit process

• Oversees compilation of current and forecasted data from multiple sources to create portfolio dashboards, reports, and presentations for business intelligence reporting and senior management

• Manages impact of regulatory matters impacting the portfolio by overseeing ongoing research related to the industries served

• Responsible for planning and directing all underwriting and servicing procedures  

• Works with other Underwriter and Servicing Team Leads to develop long-term underwriting and servicing strategies for the company, and with Bank leadership to set specific goals and policies for underwriting and servicing operations

• Works closely and directly with the Credit Administration to develop & refine underwriting and servicing processes & procedures

• Collaborate with internal departments such as Credit Administration, Quality Assurance, Loan Operations, Deposit Operations and Legal, Capital Markets, and Corporate Finance to ensure current processes and procedures are clearly established, correct, and compliant 

• Collaborate with Live Oak’s Data & Technology team and internal team resources to streamline workflows and expedite accurate portfolio reporting

• Leads and directs the work of others; provide feedback on work products to direct reports and suggest training opportunities

• Help with frequent and individualized career path plans for each Analyst; plans should include goals and requirements to achieve promotions

• Coordinates workload team-wide to ensure timely delivery of completed loan underwriting packages and loan reviews to the appropriate approval authority

• Work with their direct and indirect team to creatively and efficiently resolve systemic issues that may arise across the Lending portfolios

• Hold meetings on no less than a quarterly basis for teams to communicate the quality of the portfolio, including but not limited to financial statement collection, covenant compliance testing, collateral quality reports, and other credit metrics, as deemed necessary

• Lead technology initiatives to benefit portfolio management process improvement via efficiency and soundness

• Work with Capital Markets and Corporate Finance to provide reporting for investors

• Work with outside counsel to ensure loan documentation is appropriately drafted to align with the expectations and policies of the bank

• Ensure bank clients receive excellent customer service throughout the entire loan lifecycle

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

• Travel required

Required Experience

• Bachelor’s degree in a related field or equivalent work experience of 10 or more years

• 5+ years of relevant banking experience

• Demonstrated ability leading a team, maintaining a positive work environment, mentoring, managing teams and coaching

• Exhibit well-defined leadership characteristics

• Excellent verbal, written, interpersonal and negotiation skills and ability to manage conflict

• Strong credit and risk management skills

• Demonstrated experience in effectively writing/reviewing loan presentations that identify key risks and mitigants as well as conducting cash flow analysis, use of financial statement spreading software, and collateral evaluation

• Strong customer service orientation

• Working knowledge of loan agreements, loan structuring, and collateral procedures

• Ability to make timely, sound recommendations to management while ensuring bank policies and procedures are met

Preferred Experience

• Applicable commercial lending department experience

• Upholds core values and builds 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

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 HumanResources@liveoak.bank.

EEO is the Law

The base pay range for this position is $128,500.00 - $179,900.00 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.

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.