Northern Trust

Sr. Custom Loan Specialist

Northern Trust$80K — $95K *
Miami, FL 33186In-Person
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in commercial banking or secured lending industry
  • Strong understanding of personal and commercial loan documentation
  • Familiarity with regulatory compliance for loans
  • Experience with commercial real estate and syndicated loan transactions
  • Analytical skills to assess loan documentation and identify discrepancies
  • Effective communication skills for cross-departmental collaboration

Responsibilities

  • Determine regulatory and legal documents required for loan transactions
  • Prepare and review legal documents using bank software and templates
  • Ensure accuracy and compliance of legal documentation before execution
  • Conduct due diligence on borrowers and collateral for loans
  • Support complex transactions by liaising with legal and account teams
  • Prepare internal forms and documentation for loan bookings
  • Create summary reports of loan audits for management review

Benefits

  • Opportunities for professional development and training
  • Inclusive and collaborative team environment
  • Access to the latest banking software and technology
  • Support from experienced teams in complex transactions
Full Job Description

Major Duties :

  • Determines the legal, regulatory, compliance and bank policy documents needed to finalize all loan transactions to ensure that they support the approved loan structure and comply with Corporate Credit Policy, internal legal guidelines and meet all regulatory compliance standards
  • Prepares legal documents using the banks computer application software and standard bank legal templates for new, renewed and increased consumer, personal real estate and commercial loans. Reviews complex, externally prepared legal documents and understands all terms and conditions required for closing
  • Reviews organizational documents to determine correct legal name and authority to enter into and execute legal documentation. Reviews complete legal documentation prior to execution to ensure accurate depiction of loan terms and that documentation meets compliance with all applicable regulations
  • Determines the appropriate level of borrower and collateral due diligence required for each loan transactions and works to collect all required documents including but not limited to KYC/OFAC, Flood Determinations, UCC searches, Good Standing Certificates, Title Commitments, etc.
  • Acts as a resource for relationship team for highly complex loan transactions. Interacts with legal department, outside law firms and account officers to clarify unfamiliar or non-standard loan documentation
  • Prepares internal booking forms and collateral set ups needed for boarding loans. Submits completed loan packages that include all necessary compliance, regulatory and bank policy documents along with all executed loan documents to the Loan Documentation Unit for funding approval and booking
  • Prepares summary reports of each existing loan audited for review by division and appropriate senior management
  • Develops and recommends new procedures and operational controls to protect loan documentation and customer information
  • Develops and maintains working knowledge of all loan products and collateral types and is proficient in the different requirements of each. Trains new hires or junior team members as needed
  • Analyzes possible solutions using technical experience and judgment and precedents
  • Impacts quality of own work and the work of others on the team
  • Works within guidelines and policies


Knowledge

  • Knowledge of personal and commercial loan documentation usually acquired through previous experience in loan documentation
  • Strong knowledge of requirements for commercial real estate and syndicated loan transactions.
  • Knowledge of commercial banking systems usually acquired through experience is required to extract information from various systems for analysis
  • Strong knowledge of regulatory requirements for personal and commercial loans
  • Analytical, problem solving and computer skills are required to analyze documentation, identify deficiencies, understand collateral procedures and work with bank databases
  • Good communication skills are required to consult with attorneys, relationship managers and other parties regarding loan documentation issues and loan closings
  • Requires expanded conceptual knowledge in own job discipline
  • Explains complex information to others in straightforward situations


Experience :

  • At least 5 years9 experience or equivalent in the commercial banking/secured lending industry.
  • Provides informal guidance to new team members

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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