Account Manager, Banking

Northern Trust; Chicago (IL); On-site; USD 56,000 - 89,000; Full time

Job summary

Northern Trust is seeking an Account Manager to coordinate account administration for Banking clients. You will respond to client inquiries, produce reports, and support transaction processing while assisting Bankers with business development and client presentations.

The role emphasizes handling client servicing events, maintaining documentation, and communicating with internal and external partners to ensure seamless service. A 3+ year background in financial servicing is preferred.

Qualifications

• Knowledge of banking products and services is required.
• Analytical, problem solving and organizational skills are required.
• 3+ years’ experience in financial servicing/accounting with client servicing background preferred.

Responsibilities

• Coordinate daily client transaction activity and processing.
• Prepare reports and assist bankers with business development and client presentations.
• Document services provided and maintain communication with clients and partners.
• Support loan documentation reviews and due diligence.

Skills

Banking knowledge

Analytical skills

Client servicing

Presentations

Tools

CRM systems

Loan documentation

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Under direct supervision, the Account Manager will be responsible for coordinating the account administration for Banking clients; responds to client inquiries, produces reports and oversees transaction processing. Also responsible for assisting Bankers in business development; creating client presentations and coordinating with the Operations servicing team.

Key Responsibilities

1. Coordinates with Operations to execute daily client transaction activity and transaction processing including fees, payments and borrowing; handles inquiry resolution; obtains appropriate documentation necessary for credit underwriting, monitoring and credit file maintenance; requests and ensures systems information is up-to-date; execution of client servicing events, communicating with clients and other internal and external partners
2. Coordinates with the Operations team on deposit related transaction processing including account opening, exception clearing, overdrafts, etc.
3. Oversees development of appropriate action plans for client servicing and coordinates with other team members across disciplines to ensure execution and follow-up
4. Documents services provided, specialized procedures and ongoing written communications with client as appropriate in managing daily activity
5. Develops clear understanding of clients need behind service requests and communicates to service partners. Obtains appropriate information from partners and client to facilitate service changes or transactions
6. Assists Private Bankers with internal administration of accounts, business development and client presentations for Banking
7. Identifies service efficiency enhancements, process improvements and service delivery using creative and proactive measures
8. Communicates with clients regularly to inform them of account set‑up or status, past due loans, document requests or other information
9. Develops and maintains working knowledge of loan agreements, financial statements and other documentation required to monitor client relationships
10. Is well versed in the compliance requirements for new accounts and relationships. Prepares compliance certificates, monitors loan document deficiencies and reviews compliance reports for adherence to policy and procedures
11. Reviews loan documents, submits loan requests for evaluation, may attend loan closings to help review documentation with clients, follows up on missing loan documentation
12. Develops and maintains a working knowledge of various business applications critical to relationship management including client on‑line tools
13. Participates in inter‑discipline training within the office/region. Acts as a technical resource or expert for other account managers on process or procedures for delivery of service
14. Coordinates commercial/custom approval process by submitting requests for underwriting and loan documentation
15. Coordinates due diligence on loans such as obtaining money market rates, ordering of appraisals and other items necessary for loan booking
16. Proactively engages in the renewal process by reviewing reports of maturing credits and coordinates the receipt of required information from client for renewal process
17. Responsible for identifying and resolving problems within established guidelines
18. Expected to use some initiative but refer more complex problems to supervisors/experts
19. Works effectively as a team member but also independently
20. Knowledgeable of the core aspects of the job
21. Working towards becoming proficient in all areas of the job
22. Running and creating formal reports

The Successful Candidate Will Have

Knowledge of banking products and services is required. Analytical, problem solving, and organizational skills are required 3+ years’ experience, or equivalent, in financial servicing/accounting fields with client servicing background is preferred

Salary Range

Salary Range: $55,800 - 89,400 USD Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well‑being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve. Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

Looking for greater?

You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work‑life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Terms and Conditions

Candidate Privacy Notice

California Applicant Privacy Notice

Pay Transparency

Nondiscrimination Provision (U.S)

Transparency in Coverage Disclosure – North America

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants.

Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age.

All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice.

This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer.

Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants.

Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age.

All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice.

This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.

EEO Know Your Rights (U.S)

EEO Know Your Rights (U.S).