Loan Documentation Analyst

Major Duties

• Reviews legal and administrative documents of all new, renewed, and increased loans to ensure that they support the approved loan structure.
• Before loan funding is allowed, determines the level of waiver action required when documentation deficiencies are discovered.
• Using a computer system, monitors all existing documentation deficiencies and the receipt of time-sensitive documentation during the term of all loans.
• Reviews all trailing documentation to ensure it is properly executed and recorded, if appropriate.
• Reports the status of documentation deficiencies to account officers and management using the loan documentation unit''s computer system''s report capabilities.
• Interacts with legal and account officers to clarify unfamiliar or questionable loan documentation.
• Reviews appropriate documentation files and records for selected existing loans to determine compliance with established bank and legal guidelines.
• 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.

Knowledge

• Knowledge of personal and commercial loan documentation usually acquired through previous experience in loan documentation is required to review loan documentation.
• Able to extract information from various systems for analysis.
• Analytical and computer skills are required to analyze documentation, identify deficiencies, prepare reports, and work with system databases.
• Experience:2 years loan documentation or related experience.

Salary Range

$52,800 - 79,200 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.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.