Northern Trust

Construction Loan Administrator

Northern Trust • $74K — $126K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years in commercial or residential real estate construction and lending experience.
  • In-depth knowledge of finance and specific segment issues acquired through prior experience.
  • Strong negotiation, leadership, and sales skills essential for client relationship management.
  • Familiarity with industry laws and regulations essential for structuring loans.
  • Proficient in Excel and knowledgeable about banking and client management systems.

Responsibilities

  • Administers construction loans, underwrites all construction risk issues with lending officers.
  • Counsels clients on emerging issues and translates impacts on banking services.
  • Stays updated on market trends to better serve clients.
  • Assists in structuring and negotiating complex loan agreements as per management guidelines.
  • Defines release requirements for funds at construction stages; coordinates inspections.
  • Monitors and evaluates client credit worthiness, ensuring a high-quality loan portfolio.
  • Prepares proposals to meet client needs and delivers sales presentations.

Benefits

  • Comprehensive benefits package including 401k and pension plans.
  • Health and welfare benefits covering medical, dental, and vision.
  • Paid time off along with parental and caregiver leave.
  • Life and accident insurance, plus other voluntary benefits.
  • Discretionary bonus program that may include an equity component.
Full Job Description

The key responsibilities of the role include:


  • Administers construction loans (both commercial and residential), working with real estate lending officers to underwrite all construction risk issues.
  • Counsels client on emerging issues, bank products/services, legal/regulatory changes, and general environment, translating the impact on client''s activities and banking services.
  • Keeps abreast of current developments and market trends to better identify and service clients.
  • Assists in structuring and negotiating complex loan agreements according to guidelines established by senior bank and business unit management. Assists in analyzing and quantifying risk associated with the real estate development team, including sponsor, architect and contractor, project market issues, and repayment risk, including
    holdbacks and restrictions.
  • Defines and oversees the requirements for the release of funds at each stage in the construction process. Coordinates inspections to ensure repayment.
  • Assists in monitoring and evaluating the credit worthiness of clients and prospects which includes a written document and presentation to loan committee and credit policy to ensure a high quality loan portfolio, (i.e., KNOW YOUR CLIENT).
  • Assists in preparing proposals to address client needs and making sales presentations.
  • Travels regularly to client locations.



The successful candidate will benefit from having:

  • In depth knowledge of finance and relevant business segment specific issues usually acquired through prior commercial real estate experience is required to manage client
    relationships.
  • Skills in negotiation, leadership, and sales are necessary to service the client relationship. Knowledge of real estate industry and construction is required to authorize release
    of funds.
  • Knowledge of applicable industry laws and regulations, usually acquired through prior lending experience or through completion of the lending program, is required to structure loans.
    Analytical skills are required to review credit
    and make recommendations. 
  • Proficient in Excel; familiarity with banking, loan, and client management systems.
    5+ years in commercial or residential real estate construction, draw administration, client servicing, and lending experience, including experience in reviewing legal documentation necessary for subject loans.

#LI-LK2, #LI-Hybrid

Salary Range:

$74,200 - 126,200 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.


About Northern Trust

Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, and fiduciary and banking solutions to corporations, institutions, and affluent individuals. They have evolved with the changing needs of their clients and their world.

Northern Trust Careers

Joining Northern Trust means becoming part of a global financial services institution that is dedicated to providing expert guidance and innovative solutions to its clients. At Northern Trust, we pride ourselves on fostering a culture of leadership, diversity, and innovation, which makes us a premier destination for career growth in the financial industry.

Work You’ll Do

At Northern Trust, you will collaborate with some of the most talented professionals in the financial sector. Our team is committed to excellence and equipped with a diverse range of skills that contribute to our dynamic environment. Here, you will have the opportunity to lead projects that transform our services and drive significant value for our clients across the globe.

Explore Job Opportunities and Internships

Whether you are starting your career or looking to make a significant impact in the financial industry, Northern Trust offers a variety of job opportunities and internships that will help you achieve your professional goals. From entry-level positions to leadership roles, our company is actively hiring individuals who are passionate, curious, and driven to excel.

Innovative Work

Northern Trust is at the forefront of financial innovation. Our employees are encouraged to think creatively and leverage cutting-edge technologies to solve complex problems. By joining our team, you will work on pioneering solutions that redefine the standards of financial services.

Be Part of a Great Team

Our team at Northern Trust is more than just a group of employees – we are a community. We value collaboration, and our culture is built on mutual respect and a commitment to diversity and inclusion. Working with us, you will experience a supportive network that is passionate about sharing knowledge and ideas.

Future-Proof Your Career

Northern Trust is dedicated to your professional development. We offer comprehensive benefits, diversity training, and numerous resources to help you grow your career. With our support, you can expand your skills, gain valuable experience, and achieve professional certifications that will enhance your career trajectory.

Stay Connected

Join Our Team

Discover the perfect role for you at Northern Trust by exploring our current job openings that match your skills and interests. We are looking for professionals who are solution-driven and eager to contribute to our legacy of financial excellence.

Keep Up to Date

Stay informed with the latest career tips, industry insights, and professional growth opportunities—all available through our careers blog. At Northern Trust, we ensure that our team members are always ahead in the industry.

Job Alert Emails

Customize your experience by subscribing to job alerts and insider tips tailored to your preferences. At Northern Trust, exciting and rewarding opportunities are always on the horizon, and we are eager to see where your talents can take us. Join Northern Trust today and be part of a company that values innovation, leadership, and a diverse and inclusive workplace. Here, every position is a chance to contribute to something bigger and to turn your job into a meaningful career.
Learn more about Northern Trust
Size
21,100 employees
Market Cap
$18.1 billion
Industry
Net Income
$1.2 billion
Founded
1889
5 Year Trend
+4.9%
Revenue
$6.1 billion
NASDAQ

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