Credit Portfolio Manager

Northern Trust • Chicago, IL

1d • $67,500 - $111,500 • Hybrid

About The Position

Northern Trust is a global leader in wealth management, asset servicing, asset management, and banking services. Since 1889, the company has been guided by its principles of Service, Expertise, and Integrity. With over 135 years of financial experience and more than 24,000 partners, Northern Trust serves 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