Northern Trust
Sr. Credit Portfolio Manager
Northern Trust, Chicago, Illinois, United States, 60290
About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
This is an office-based position and for the effective performance of this role, the duties and responsibilities must be carried out onsite.
The Credit Portfolio Manager will be responsible for managing credit product risk and profitability for a portfolio of credit clients and monitoring loan performance to ensure that loan quality adheres to guidelines. Assists Relationship Managers in marketing credit to clients. Researches and analyzes pertinent financial statements and investment holdings. Evaluates a liquidity and performance of Family Office holding and legal structures and creditworthiness. Prepares and presents written credit memoranda for credit approval.
Key responsibilities include:
1. Manages credit product risk and profitability for a portfolio of credit clients and monitors loan performance to ensure that loan quality adheres to guidelines.
2. Supports Relationship Managers through financial/credit analysis and credit underwriting.
3. Researches and analyzes pertinent financial statements and investment holdings/portfolios. Evaluates investment holdings/portfolios and personal financial statements for liquidity, collateral support, repayment sources and creditworthiness. Prepares and presents written credit memoranda for credit approval.
4. Coordinates preparation and execution of legal documentation in conjunction with Associate Banking Advisor and Relationship Manager and provides periodic updates of client credit quality to Credit Policy.
5. Collects all necessary client prepared information and completes client financial statement spreadsheets, projections of client's financial condition and Relationship Returns Review (RRR)
6. Implements appropriate pricing and covenants on credit facilities in conjunction with the Relationship Manager and monitors covenant compliance, document and periodic deficiencies and short margin reports.
7. On an on-going basis, monitors client loan portfolios to ensure that loan quality adheres to guidelines.
8. Travels to client locations as required and participates in virtual client meetings.
9. Trains, mentors and guides Rotational Development Program (RDP) Partners when rotating on the team.
The successful candidate will benefit from having:
Knowledge of finance, accounting and investments usually acquired through formal education or experience is required to analyze and evaluate financial statements.Knowledge of applicable industry laws and regulations, usually acquired through prior experience is required to review credit risk.Analytical and communication skills are required to determine credit risk and to prepare credit presentations.Personal computer skills are required to prepare financial spreadsheets.2-5 years in financial analysis
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
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.
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
This is an office-based position and for the effective performance of this role, the duties and responsibilities must be carried out onsite.
The Credit Portfolio Manager will be responsible for managing credit product risk and profitability for a portfolio of credit clients and monitoring loan performance to ensure that loan quality adheres to guidelines. Assists Relationship Managers in marketing credit to clients. Researches and analyzes pertinent financial statements and investment holdings. Evaluates a liquidity and performance of Family Office holding and legal structures and creditworthiness. Prepares and presents written credit memoranda for credit approval.
Key responsibilities include:
1. Manages credit product risk and profitability for a portfolio of credit clients and monitors loan performance to ensure that loan quality adheres to guidelines.
2. Supports Relationship Managers through financial/credit analysis and credit underwriting.
3. Researches and analyzes pertinent financial statements and investment holdings/portfolios. Evaluates investment holdings/portfolios and personal financial statements for liquidity, collateral support, repayment sources and creditworthiness. Prepares and presents written credit memoranda for credit approval.
4. Coordinates preparation and execution of legal documentation in conjunction with Associate Banking Advisor and Relationship Manager and provides periodic updates of client credit quality to Credit Policy.
5. Collects all necessary client prepared information and completes client financial statement spreadsheets, projections of client's financial condition and Relationship Returns Review (RRR)
6. Implements appropriate pricing and covenants on credit facilities in conjunction with the Relationship Manager and monitors covenant compliance, document and periodic deficiencies and short margin reports.
7. On an on-going basis, monitors client loan portfolios to ensure that loan quality adheres to guidelines.
8. Travels to client locations as required and participates in virtual client meetings.
9. Trains, mentors and guides Rotational Development Program (RDP) Partners when rotating on the team.
The successful candidate will benefit from having:
Knowledge of finance, accounting and investments usually acquired through formal education or experience is required to analyze and evaluate financial statements.Knowledge of applicable industry laws and regulations, usually acquired through prior experience is required to review credit risk.Analytical and communication skills are required to determine credit risk and to prepare credit presentations.Personal computer skills are required to prepare financial spreadsheets.2-5 years in financial analysis
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
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.
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.