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.
Key duties include:
Determining required documentation, coordinating loan closings, ensuring due diligence, auditing existing loan files, and recommending improvements to procedures and operational controls.
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.
The successful candidate will have experience with:
Salary Range:
$52,800 - 79,200 USD
Salary range is a good faith estimate of base pay. 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.
Work Authorization
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).
Working with Us
As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and 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.
Reasonable Accommodation
Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com, or alternatively you can discuss your individual requirements with the recruiter you are working with.
Commercial Loan Documentation Specialist • Chicago, IL, United States
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