Loan Documentation Analyst

Northern Trust • Phoenix, AZ

1d

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 personal and commercial loan documentation usually acquired through previous experience in loan documentation is required to review loan documentation.
• Knowledge of commercial banking systems usually acquired through experience is required to extract information from various systems for analysis.
• Analytical and computer skills are required to analyze documentation, identify deficiencies, prepare reports, and work with system databases.
• 2 years loan documentation or related experience.
• 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).

Responsibilities

• Reviews legal and administrative documentsof all new, renewed, and increased loans to ensurethat they support the approved loan structure.
• Before loan funding is allowed, determines the level of waiver action required when documentation deficiencies are discovered.
• Using a computer system, monitors all existing documentation deficiencies and the receipt of time-sensitive documentation during the term of all loans.
• Reviews all trailing documentation to ensure it is properly executed and recorded, if appropriate.
• Reports the status of documentation deficiencies to account officers and management using the loan documentation unit's computer system's report capabilities.
• Interacts with legal and account officers to clarify unfamiliar or questionable loan documentation.
• Reviews appropriate documentation files and records for selected existing loans to determine compliance with established bank and legal guidelines.
• Prepares summary reports of each existing loan audited for review by division and appropriate senior management.
• Develops and recommends new procedures and operational controls to protect loan documentation and customer information.

Benefits

• flexible and collaborative work culture
• strong history of financial strength and stability
• Movement within the organization is encouraged
• senior leaders are accessible
• company committed to an inclusive workplace
• 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.
• work-life balance
• career mobility
• unique opportunities

What This Job Offers

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