Commercial Loan Documentation Specialist

Northern Trust • Chicago, IL

1d • Hybrid

About The Position

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 Commercial Loan Documentation Specialist is responsible for preparing and reviewing legal documentation for complex commercial loan transactions, ensuring all documents comply with corporate credit policy, regulatory standards, and internal guidelines. This role collaborates closely with relationship banking staff, legal departments, and external counsel to confirm that all loan terms and conditions are properly documented and protects the bank’s interests. Key duties include: Determining required documentation, coordinating loan closings, ensuring due diligence, auditing existing loan files, and recommending improvements to procedures and operational controls. The specialist also supports training new team members and serves as a resource for complex transactions, utilizing in-depth knowledge of banking processes and legal requirements to achieve departmental goals.

Requirements

• Experience with Laser Pro legal documentation software or similar application in the financial or legal industry
• ACBS
• IBS
• FIS are helpful

Responsibilities

• Determining required documentation
• Coordinating loan closings
• Ensuring due diligence
• Auditing existing loan files
• Recommending improvements to procedures and operational controls
• Supports training new team members
• Serves as a resource for complex transactions

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed