Job Description

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

We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

The Underwriter is responsible for underwriting and evaluating complex credit requests within the Wealth Management unit of Northern Trust, including personal, commercial, and real estate credit exposures.  The role partners with bankers and relationship managers in underwriting and preparing loan memoranda for new loans, renewals, restructures, and amendments within policy guidelines.  The Underwriter is responsible for researching and analyzing pertinent financial statements of individuals, businesses, and other entities. This role will assist and coach less experienced financial analysts as needed.

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/Skills:

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

Experience Required:

2- 5 years in personal, commercial, or commercial real estate financial analysis. Completion of formal bank credit training program.

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.