About Northern Trust
Founded in 1889, Northern Trust is a globally recognized financial institution that has made its mark in the Fortune 500 list. With its continued services for over 130 years, Northern Trust has established its reputation for providing innovative financial services and guidance to the world’s most successful individuals, families, and institutions. It prides itself on its enduring principles of service, expertise, and integrity. The institution’s strength lies in its team of over 22,000 partners who serve the world’s most sophisticated clients using leading technology and exceptional service.
Understanding the need for flexibility in the current work environment, Northern Trust has adopted a balanced hybrid working model. The successful candidate will have the opportunity to work both from the office and from the comfort of their home.
Role of the Commercial Loan Closer, Banking at Northern Trust
At Northern Trust, the Commercial Loan Closer, under general supervision, is responsible for coordinating the account administration for commercial banking clients. The role involves maintaining the account, responding to Relationship Manager and client inquiries, producing reports, and overseeing transaction processing using Credit Master. The Commercial Loan Closer is also responsible for resolving all types of operational or processing issues.
Key Responsibilities
As a Commercial Loan Closer, you will be tasked with the responsibility of coordinating the account administration for commercial banking clients using Credit Master. You will receive and execute service requests from clients and partners, oversee transaction processing, handle inquiry resolution, and ensure systems information is up to date. This role also involves assisting bankers with internal administration of accounts, including due diligence at the onset of a credit opportunity. This includes gathering financial statements, industry research, and other credit information required to assess a loan.
Moreover, you will ensure the accurate set up of fees and balances, and coordinate with National Loan Servicing to execute daily client transaction activities. You are also expected to act as a resource for the relationship servicing team for highly complex Wealth Management relationships. Regular communication with clients and relationship managers to inform them of account set up or status, past due loans, document requests, or other information is also part of the role.
Skills and Experience Required
The ideal candidate for the role of Commercial Loan Closer at Northern Trust should have a good understanding of banking products and services, operations, and accounting systems, usually acquired through related experiences. Knowledge of Credit Master is preferred. The candidate should have strong analytical, problem-solving, attention to detail, and organizational skills to identify and resolve account issues. A minimum of 3-5 years’ experience, or equivalent, in financial servicing/accounting fields with a client servicing background is required.
The salary range for this role is estimated to be between $67,500 – 111,500 USD. Northern Trust provides a comprehensive benefits package including 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, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.
Working with Northern Trust
As a Northern Trust partner, you will be part of a flexible and collaborative work culture. The organization encourages movement within the organization, and senior leaders are accessible. You can take pride in working for a company committed to assisting the communities it serves. Apply today and build your career with a company that is #MadeForGreater.
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
Apply today to discuss your flexible working requirements and together, we can achieve greater.
For more information about the role and to apply, click Here.
