Commercial Loan Documentation Specialist

Northern Trust

Commercial Loan Documentation Specialist preparing legal documentation for complex loan transactions at Northern Trust. Collaborating with legal staff and ensuring compliance with banking regulations.

Posted 6/26/2026full-timeChicago • Illinois • 🇺🇸 United StatesMid-LevelSenior💰 $52,800 - $79,200 per yearWebsite

About the role

Key responsibilities & impact

preparing and reviewing legal documentation for complex commercial loan transactions
ensuring all documents comply with corporate credit policy, regulatory standards, and internal guidelines
collaborating closely with relationship banking staff, legal departments, and external counsel
confirming that all loan terms and conditions are properly documented
protecting the bank’s interests
coordinating loan closings
ensuring due diligence and auditing existing loan files
recommending improvements to procedures and operational controls
supporting training for new team members

Requirements

What you’ll need

experience with Laser Pro legal documentation software or similar application in the financial or legal industry
knowledge of ACBS, IBS, FIS is helpful

Benefits

Comp & perks

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
other voluntary and well-being benefits
discretionary bonus program with potential equity component

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

legal documentationcommercial loan transactionsdue diligenceauditingprocedures improvementoperational controls

Soft Skills

collaborationcommunicationtraining