Credit Portfolio Manager

Northern Trust • Chicago, IL

23h • $67,500 - $111,500 • Onsite

About The Position

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.

Requirements

• 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.

Responsibilities

• 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.

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