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Commercial Loan Documentation Specialist

Northern Trust


Job Location:

Chicago, IL - USA

Monthly Salary: $ 52800 - 79200
Posted: 3 July 2026 (30+ days ago)
Application Deadline: 30 September 2026
Vacancies: 1 Vacancy

Job Summary

About Northern Trust


As a global leader in innovative wealth management asset servicing asset management and banking services Northern Trust (Nasdaq: NTRS) is proud to guide the worlds most successful individuals families corporations and institutions.


Since 1889 we have aligned our efforts with our three guiding Principles That Endure: Service Expertise and Integrity. Together they reflect the three cornerstones of business conduct which we strive to instill in our employees whom we call partners and to provide to our clients and the communities we serve worldwide.


With more than 135 years of financial experience and over 24000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.



We have a balanced hybrid working model to ensure you get the flexibility you needand 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 banks 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.

The successful candidate will have experience with:

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

Salary Range:

$52800 - 79200 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 Trusts 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.


Reasonable Accommodation


Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at or alternatively you can discuss your individual requirements with the recruiter you are working with.



Required Experience:

IC


About Company

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Discover Northern Trust’s trusted financial services for individuals, families, and institutions. Guided by service, expertise, and integrity since 1889, we offer wealth management, asset servicing, and investment solutions tailored to your goals.

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