Commercial Loan Documentation Specialist

Northern Trust • Chicago, IL

4d • $52,800 - $79,200 • Hybrid

About The Position

The Commercial Loan Documentation Specialist is responsible for preparing and reviewing legal documentation for complex commercial loan transactions, ensuring all documents comply with corporate credit policy, regulatory standards, and internal guidelines. This role collaborates closely with relationship banking staff, legal departments, and external counsel to confirm that all loan terms and conditions are properly documented and protects the bank’s interests. The specialist also supports training new team members and serves as a resource for complex transactions, utilizing in-depth knowledge of banking processes and legal requirements to achieve departmental goals.

Requirements

• Experience with Laser Pro legal documentation software or similar application in the financial or legal industry
• 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).

Nice To Haves

• ACBS, IBS, FIS are helpful

Responsibilities

• Determining required documentation
• Coordinating loan closings
• Ensuring due diligence
• Auditing existing loan files
• Recommending improvements to procedures and operational controls
• Supports training new team members
• Serves as a resource for complex transactions

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed