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.

Underwriter, Private Banking (Non-Mortgage)

The successful candidate is responsible for underwriting and evaluating complex credit requests within the wealth manager unit of Northern Trust, including personal, commercial, banking exposures. 

This individual partners with bankers and relationship managers in underwriting and preparing loan memoranda for new loans, renewals, restructures, and amendments within policy guidelines. 

Additionally, researches and analyzes pertinent financial statements of individuals, businesses, and other entities.                 

Major Duties:

• Evaluates and underwrites complex credit requests across disciplines including personal, commercial, and commercial real estate across a range of domestic geographies.

• Partners with Bankers, Relationship Managers and other internal clients through financial/credit analysis and identification of risk factors. Adds value to ultimate client relationship by providing timely response and quality underwriting in coordination with client needs.

• Partners with other Financial Analysts and Team Leader to meet proscribed standards of underwriting quality, client service, and productivity.

• Spreads, researches, and analyzes pertinent financial statements and tax returns related to personal, commercial, and real estate entities. Evaluates an entity’s stability, aptitude of management, and creditworthiness where appropriate. Prepares and presents written credit memoranda for credit approval.

• Compiles all necessary client prepared information and completes client financial statement spreadsheets and projections of client’s financial condition.

• Recommends appropriate structure, pricing and covenants on credit facilities.

• Provides coaching and assistance to less experienced analysts. May serve as a subject matter expert in training and continuing education environments.

• Completes special projects as required.

Knowledge:

• Minimum of 3 years in personal, commercial, or banking financial analysis.

• Knowledge of finance and accounting usually acquired through formal education or experience is required to analyze and evaluate financial statements and tax returns.

• Completion of a formal bank credit training program preferred.

• 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.

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Salary Range:

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.

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 [email protected].

 
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.