Credit Portfolio Manager

001 The Northern Trust Company; Chicago (IL); On-site; USD 68,000 - 112,000; Full time

Benefits offered by this job

401k and pension

Medical, dental, vision

Paid time off

Parental and caregiver leave

Life & accident insurance

Discretionary bonus program

Job summary

The Northern Trust Company in Chicago is seeking a credit risk analyst to manage a portfolio of commercial credit clients and monitor loan performance, ensuring adherence to lending guidelines.

You will analyze financial statements, support relationship managers with credit analysis, and prepare memoranda for the credit committee. Travel is minimal, and a strong foundation in finance and accounting is required.

Qualifications

• Knowledge of finance and accounting is required to analyze financial statements.

Responsibilities

• Manages credit risk for a portfolio of commercial credit clients and monitors loan performance.
• 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.

Skills

Finance knowledge

Analytical skills

Communication skills

Excel

Word

Credit analysis

Tools

Excel

Word

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.

Benefits:

• 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
• other voluntary and well-being benefits
• 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 at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

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)