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Director – Venture Banking
| Company | Live Oak Bank |
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| Location | North Carolina, USA |
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| Salary | $185000 – $255000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Senior |
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Requirements
- A minimum of 5 years Venture Banking/ VC industry specific experience is preferred.
- Experience underwriting and servicing venture banking type credits. Additional team and portfolio management experience is preferred.
- Excellent customer service and interpersonal skills
- Strong financial analysis and modeling skills.
- Sound judgment
- In-depth knowledge of Bank lending policies, procedures, and criteria
- Strong computer skills, to include Word and Excel.
- Bachelor’s degree or 7+ years equivalent experience preferred.
- High degree of self-motivation, dedication, creativity, and perseverance; Flexibility with time and willingness to accept a demanding (and personally satisfying) position.
Responsibilities
- Source and evaluate new loan opportunities.
- Oversee the underwriting process and take ownership of the final product that goes to credit.
- Present and negotiate term sheets with prospects; Compete to win the opportunity.
- Manage the final credit and loan document negotiation processes appropriately by working with other LOB teammates and outside counsel.
- Own the client relationship post-closing and across its LOB life cycle.
- Identify “non lending” relationship opportunities using the Bank’s deposit and treasury management platform. Cross-sell products to existing customers.
- Work with Managing Directors and the Head of Venture Banking as part of (or head of) a “deal team” when needed for opportunities/ relationships that are high priority and resource intensive.
- Take on strategic projects as needed for the benefit of the team.
- Manage and nurture key VC relationships in the market, either as primary owner or in partnership with Managing Directors and Head of VB.
- Seek to be a sought-after partner by VC firms and their portfolio companies in a manner that is consistent with LOB’s values and enhances the overall success of the VB group.
Preferred Qualifications
- Experience underwriting and servicing venture banking type credits. Additional team and portfolio management experience is preferred.
- Bachelor’s degree or 7+ years equivalent experience preferred.
