Senior Credit Portfolio Manager - Global Family Office

About the role

This is an office-based position and for the effective performance of this role, the duties and responsibilities must be carried out onsite.

The Credit Portfolio Manager will be responsible for managing credit product risk and profitability for a portfolio of credit clients and monitoring loan performance to ensure that loan quality adheres to guidelines. Assists Relationship Managers in marketing credit to clients. Researches and analyzes pertinent financial statements and investment holdings. Evaluates the liquidity and performance of Family Office holding and legal structures and creditworthiness. Prepares and presents written credit memoranda for credit approval.

Key responsibilities include

• Manages credit product risk and profitability for a portfolio of credit clients and monitors loan performance to ensure that loan quality adheres to guidelines.
• Supports Relationship Managers through financial/credit analysis and credit underwriting.
• Researches and analyzes pertinent financial statements and investment holdings/portfolios. Evaluates investment holdings/portfolios and personal financial statements for liquidity, collateral support, repayment sources and creditworthiness. Prepares and presents written credit memoranda for credit approval.
• Coordinates preparation and execution of legal documentation in conjunction with Associate Banking Advisor and Relationship Manager and provides periodic updates of client credit quality to Credit Policy.
• Collects all necessary client prepared information and completes client financial statement spreadsheets, projections of client's financial condition and Relationship Returns Review (RRR)
• Implements appropriate pricing and covenants on credit facilities in conjunction with the Relationship Manager and monitors covenant compliance, document and periodic deficiencies and short margin reports.
• On an on-going basis, monitors client loan portfolios to ensure that loan quality adheres to guidelines.
• Travels to client locations as required and participates in virtual client meetings.
• Trains, mentors and guides Rotational Development Program (RDP) Partners and less experienced CPMs.

The successful candidate will benefit from having

• In-depth knowledge of finance, accounting and investments usually acquired through formal education or experience is required to analyze and evaluate financial statements.
• 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

• 5-7 years in financial and/or credit analysis

Working Model: Hybrid

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 three days a week and working from home two days a week.

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.

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.