Northern Trust

Credit Portfolio Manager

Northern Trust$67K — $111K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in credit/financial analysis required.
  • Strong knowledge of finance and accounting through education or experience.
  • Analytical skills necessary for assessing credit risk.
  • Effective communication skills for preparing credit presentations.
  • Proficiency in Excel and Word for financial documentation.

Responsibilities

  • Manage credit risk for commercial clients and monitor loan performance.
  • Support Relationship Managers with financial and credit analysis.
  • Research and analyze financial statements to evaluate creditworthiness.
  • Prepare and present written credit memoranda for credit committee approval.
  • Monitor compliance with financial and nonfinancial covenants for credit facilities.
  • Review legal documentation and update company credit quality assessments.
  • Conduct due diligence through meetings with lenders and relationship managers.

Benefits

  • Comprehensive benefits package including 401k and pension
  • Health and welfare benefits such as medical, dental, and vision insurance
  • Paid time off and parental/caregiver leave
  • Life and accident insurance
  • Discretionary bonus program with possible equity component
Full Job Description

The key responsibilities of the role include:

  • Manages credit risk for a portfolio of commercial credit clients and monitors loan performance to ensure that loan quality adheres to guidelines.
  • Supports Relationship Managers through financial/credit analysis.
  • Researches and analyzes pertinent financial statements. Evaluates a company’s financial risk, business risk, and overall creditworthiness.  Prepares written credit memoranda for credit committee approval.  When required, presents verbally at credit committee.
  • Collects all necessary client prepared information and completes client financial
  • statement spreadsheets and projections of a company’s financial condition.
  • Evaluates financial and nonfinancial covenants for credit facilities and monitors covenant compliance.
  • Reviews legal documentation and provides periodic updates of company credit quality to Credit Policy.
  • On an on-going basis, monitors client loan portfolios to ensure that loan quality adheres to guidelines.
  • Conducts due diligence through company lender meetings and/or discussion with relationship managers.
  • Travels to client locations as required.  Travel is expected to be minimal.

The successful candidate will benefit from having:

  • Knowledge of finance and accounting usually acquired through formal education or experience is required to analyze and evaluate financial statements.  
  • Analytical and communication skills are required to determine credit risk and to prepare credit presentations.
  • Personal computer skills are required to prepare Excel financial spreadsheets and Word documents.
  • 1-5 years in credit/financial analysis on companies. 

Salary Range:

$67,500 - 111,500 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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