Credit Portfolio Manager

ACCA Careers; Chicago (IL); On-site; USD 68,000 - 112,000; Full time

Benefits offered by this job

401k

Pension

Health benefits

Paid time off

Parental leave

Life & accident insurance

Discretionary bonus

Job summary

Northern Trust in Chicago seeks a credit professional to manage risk for a commercial portfolio, monitor loan performance, and support relationship managers with in-depth financial analysis.

You will evaluate financial statements, prepare credit memoranda for committee review, and ensure covenant compliance, with travel expected to be minimal. The role offers a comprehensive benefits package and a discretionary bonus program.

Qualifications

• Knowledge of finance and accounting to analyze financial statements.
• Strong analytical and communication skills to assess credit risk.
• Experience preparing financial models and credit presentations.
• Proficiency with Excel for financial analysis.

Responsibilities

• Manage credit risk for a portfolio of commercial clients and monitor loan performance.
• Support Relationship Managers with financial/credit analysis.
• Research and analyze financial statements to assess risk and prepare memoranda.
• Collect client information and complete financial projections.
• Evaluate covenants and monitor compliance.
• Review legal documentation and update credit quality to policy.
• Travel to client locations as needed with minimal travel.

Skills

Credit analysis

Financial statement analysis

Communication skills

Attention to detail

Analytical thinking

Tools

Excel

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.

The Key Responsibilities Of The Role Include

• Manages credit risk for a portfolio of commercial credit clients and monitors loan performance to ensure that loan quality adheres to guidelines.
• Supports Relationship Managers through financial/credit analysis.
• Researches and analyzes pertinent financial statements. Evaluates a company’s financial risk, business risk, and overall creditworthiness. Prepares written credit memoranda for credit committee approval. When required, presents verbally at credit committee.
• Collects all necessary client prepared information and completes client financial statement spreadsheets and projections of a company’s financial condition.
• Evaluates financial and nonfinancial covenants for credit facilities and monitors covenant compliance.
• Reviews legal documentation and provides periodic updates of company credit quality to Credit Policy.
• On an on-going basis, monitors client loan portfolios to ensure that loan quality adheres to guidelines.
• Conducts due diligence through company lender meetings and/or discussion with relationship managers.
• Travels to client locations as required. Travel is expected to be minimal.

The Successful Candidate Will Benefit From Having

• Knowledge of finance and accounting usually acquired through formal education or experience is required to analyze and evaluate financial statements.
• Analytical and communication skills are required to determine credit risk and to prepare credit presentations.
• Personal computer skills are required to prepare Excel financial spreadsheets and Word documents.
• 1-5 years in credit/financial analysis on companies.

Salary Range

$67,500 - 111,500 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.