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 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. 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
The Senior Commercial Loan Closing Specialist is responsible for coordinating, reviewing, and finalizing the closing of complex commercial loan transactions. This position ensures all loan documentation is accurate, complete, and compliant with regulatory requirements, and the Bank’s internal policies. The role serves as a subject matter expert in loan closing and provides guidance to junior staff, while partnering with Lenders, Underwriters, Legal Counsel, and external vendors to ensure timely and accurate loan closings.
What You’ll Do at Live Oak
Manage end-to-end closing process for a wide range of commercial loans, including acquisitions, refinance, construction loans (owner-occupied and investment properties), working capital facilities, equipment financing, term loans, line of credit, and asset-based lending
Review credit approval packages, commitment letters, and legal documentation to confirm compliance with approved loan terms and conditions
Coordinate with lenders, underwriters, legal counsel, title companies, insurance agents, and other third parties to gather and validate closing documentation
Ensure compliance with regulatory requirements (KYC/CIP, OFAC, flood, UCC filings, Beneficial Ownership, etc.) and internal credit/operational policies
Prepare, review and verify closing checklists, funding memos, and disbursement instructions
Identify and resolve documentation, collateral, or compliance issues prior to funding
Act as a point of escalation for junior closing staff; provide training, guidance, and quality review
Partner with Loan Operations and Post Close Departments to ensure smooth boarding of loans post-closing
Maintain accurate records in loan management systems and track status to support reporting requirements
Demonstrate deep knowledge of commercial loan products, documentation, and compliance requirements
Review documents and processes with precision and accuracy
Build strong relationships and work effectively across functions and with external partners
Identify issues proactively and recommend solutions
Provide guidance, coaching, and quality review to junior team members
Manage multiple, complex transactions under strict timelines
Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC
Required Experience
3+ years of progressive experience in commercial loan closing, documentation, or commercial banking
Strong knowledge of loan documentation, collateral requirements, and commercial lending products
Proven record of managing complex, high-value loan transactions
In-depth knowledge of commercial loan products and closing procedures
Familiarity with legal documentation, including promissory notes, guarantees, security agreements, and mortgages/deeds of trust
Understanding of regulatory and compliance requirements impacting commercial lending
Excellent organizational skills with ability to manage multiple priorities under tight deadlines
Strong communication, problem-solving, and relationship management skills
High attention to detail and accuracy
Proficiency in loan origination/servicing systems, document imaging, and Microsoft Office Suite
Preferred Experience
Bachelor’s degree in business, finance, accounting, or related field
Experience with syndicated and participated loans
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.
The base pay range for this position is $82,240.00 - $133,640.00 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.