Job Information
Northern Trust Company Associate Banking Advisor - R132409 in Denver, Colorado
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.
Associate Banking Advisor:
Serving over 25% of the Forbes 400 Wealthiest Americans, our advisors bring unrivaled insight into the complexities of managing wealth. Our firm is recognized for innovative technology, service excellence and depth of expertise across all aspects of financial planning, including wealth transfer, banking, lending, insurance, investments, tax management, philanthropy, family communication and more. Today, we manage more than $1.5 trillion in assets (as of June 30, 2024) for our clients.
Northern Trust customizes and executes complex credit facilities through a variety of assets and structures, including commercial real estate, private operating businesses, marketable securities, alternative investments, private stock, executive aircraft, yachts, fine art, life insurance, and subscription & capital call facilities.
The Associate Banking Advisor will provide the lending team with credit support for a variety of items, including but not limited to, acting as a liaison between the lenders and the underwriting team, assisting lenders with due diligence for new loan requests, monitoring financial covenants and financial reporting tracking, reviewing loan documents, communicating with clients, and general business development activities.
Assists Bankers with client portfolios and internal administration of accounts; communicates regularly with clients and attends client meetings. Also assists Bankers with business development plans and client presentations.
As appropriate, may manage a small portfolio of clients and makes presentations at Group and Senior Credit Committee meetings.
Coordinates and reviews loan documents for new and renewal fundings, submits loans documentation for evaluation and booking, follows up on missing loan documentation to ensure receipt and complete submission. Proactively engages in the renewal process by reviewing reports of maturing credits and coordinates the receipt and submission of required information from client for renewal process.
Coordinates commercial/custom approval process by submitting requests for underwriting and loan documentation. Assists Bankers to coordinate the preparation of loan documentation with internal and outside counsel.
Develops and maintains working knowledge of loan agreements, financial statements, compliance certificates and other documentation required to monitor client relationships. Coordinates with National Credit Center, with oversite by the Relationship Managers, the preparation of Credit Memos.
Coordinates with Account Managers, Treasury Management Consultants and Operations team on transactions including payments and borrowing; handles inquiry resolution; obtains appropriate documentation necessary for credit underwriting, monitoring and credit file maintenance; requests and ensures systems information is up to date; execution of client servicing events, communicating with clients and other internal and external partners.
Oversees development of appropriate action plans for client servicing and coordinates with other team members across the Trust and Investment disciplines to ensure execution and follow-up.
Develops clear understanding of client needs behind service requests and communicates to service partners. Obtains appropriate information from partners and cl ent to facilitate service changes or transactions.
Assists Bankers with internal administration of accounts (including internal Loan Review process) business development and client presentations for clients.
Assists Banking teams and Leadership with special projects as assigned.
Identifies service efficiency enhancements, process improvements and service delivery using creative and proactive measures.
Is well versed in the compliance requirements for new accounts and relationships. Monitors loan document deficiencies and reviews compliance reports for adherence to policy and procedures.
Develops and maintains a working knowledge of various business applications critical to relationship management including client on-line tools.
Will have direct interaction with committees and Senior Leadership.
Qualifications
Demonstrated experience, or equivalent, in financial servicing/accounting fields with client servicing background. Formal credit training is required with a minimum of one year experience performing credit analysis and underwriting. This experience can be obtained