Senior Commercial Underwriter, Healthcare Real Estate

4 weeks ago


Wilmington, North Carolina, United States Live Oak Bank Full time
About Us

At Live Oak Bank, we're dedicated to empowering small business owners across the country. Our innovative approach to service and technology has enabled us to become 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. We prioritize the well-being of our people, recognizing that our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek individuals 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, Healthcare Real Estate will lead the evaluation, underwriting, and closing of commercial real estate loans. This role will involve coordinating and/or performing market research, due diligence, financial models and analysis, credit presentations, legal documentation review, and other projects throughout the loan process. The Senior Commercial Underwriter will work with other support functions across the bank to ensure the execution of loan production pipelines while delivering top-quality customer service to sophisticated 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 opportunities to cross-train on other CRE asset classes over time.
  • Prepare 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, executing 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 our website.

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.

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 to $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.

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