Associate Construction Specialist

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 Americas 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

Ensures the specialty construction portfolio is actively managed and continuously monitored to identify and mitigate risk. Utilizes experience and expertise to guide borrowers projects and lending teams on policies procedures and best practices related to construction. Ensures all construction department standards are appliedconsistently and in accordance with Bank and government guaranteed lending policies and procedures to promote a high-qualityconstruction portfolio.

What Youll Do at Live Oak

Generate the construction closing checklist and participate in closing kick-off calls to educate borrowers on construction loan closing requirements

Collaborate with lenders underwriters closers borrower general contractor and other third parties to ensure necessary construction documentation is collected prior to closing

Provide lending teams construction closing updates during pipeline meetings

Initiate required credit enhancements; engage third-party firms for initial project review and construction inspections

Prepare analyze and present general contractor due diligence for approval

Review construction documents collected from borrower to ensure completeness and accuracy prior to submitting file for closing approval

Confirm final loan budget and configure project setup in disbursement software application

Create and submit disbursements in conformance with bank and loan agreement funding requirements

Coordinate with internal and external partners on participated loans to insure loans are funded timely; address participant questions or concerns and elevate issues as appropriate to avoid funding delays

Ensure inspections and title updates are timely ordered lien waivers and change orders collected and the preparation of draw checklist is completed in a manner to expedite disbursements

Serve as borrowers construction point of contact throughout loan closingand disbursement; answer generalloan questions monitor project timelinesmanageloan budget and maintain current loan file through project completion

Completes modification requests on multi-advance loans as necessary; works with internal and externalpartiesas required to facilitate documentation

Track monthly loan payments and address delinquencies in a prompt manner

Assist internal servicing department with collection of updated financials from borrowers in accordance with loan agreement

Elevate problematic situations to Construction Manager and Credit Administration as needed

Treats people with respect; keeps commitments; inspires the trust of others; works ethically and withintegrity; upholds organizational values; accepts responsibility for own actions

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

Performs other duties as required

Required Experience

1 - 2 years of commercial lending or customer service experience

Effective communication skills with a focus on conflict resolution

Detail orientedwith a high degree of accuracy

Strong organizational skills with the ability to prioritize workload

Excellent customer service skills

Proficient with Microsoft Office Suite

Preferred Experience

Bachelors degree or3-4years equivalent experience

Extensive knowledge of Bank and government guaranteed programs construction standards policies and procedures

Knowledge of BUILT and Salesforce

Our Values

Dedication : Possess a deep commitment to Live Oak Banks 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 : 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 .

EEO is the Law

The base pay range for this position is $55000.00 - $90000.00 per year. Compensation may also include annual bonuses and long-term incentives subject to various metrics and company policy. A candidates 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.

Required Experience :

IC

Key Skills

Accounting And Auditing,Civil Construction,Humming Bird,Jni

Employment Type : Full-Time

Experience : years

Vacancy : 1

Yearly Salary Salary : 55000 - 90000