Construction Loan Administrator
Confirmed on the employer's own hiring board on Nov 5, 2026. First seen by Alion on Sep 25, 2026. Northern Trust scores B on the Alion truth index.
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 world’s 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 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.
The key responsibilities of the role include:
- Administers construction loans (both commercial and residential), working with real estate lending officers to underwrite all construction risk issues.
- Counsels client on emerging issues, bank products/services, legal/regulatory changes, and general environment, translating the impact on client''s activities and banking services.
- Keeps abreast of current developments and market trends to better identify and service clients.
- Assists in structuring and negotiating complex loan agreements according to guidelines established by senior bank and business unit management. Assists in analyzing and quantifying risk associated with the real estate development team, including sponsor, architect and contractor, project market issues, and repayment risk, including holdbacks and restrictions.
- Defines and oversees the requirements for the release of funds at each stage in the construction process. Coordinates inspections to ensure repayment.
- Assists in monitoring and evaluating the credit worthiness of clients and prospects which includes a written document and presentation to loan committee and credit policy to ensure a high quality loan portfolio, (i.e., KNOW YOUR CLIENT).
- Assists in preparing proposals to address client needs and making sales presentations.
- Travels regularly to client locations.
The successful candidate will benefit from having:
- In depth knowledge of finance and relevant business segment specific issues usually acquired through prior commercial real estate experience is required to manage client relationships.
- Skills in negotiation, leadership, and sales are necessary to service the client relationship. Knowledge of real estate industry and construction is required to authorize release of funds.
- Knowledge of applicable industry laws and regulations, usually acquired through prior lending experience or through completion of the lending program, is required to structure loans. Analytical skills are required to review credit and make recommendations.
- Proficient in Excel; familiarity with banking, loan, and client management systems. 5+ years in commercial or residential real estate construction, draw administration, client servicing, and lending experience, including experience in reviewing legal documentation necessary for subject loans.
#LI-LK2, #LI-Hybrid
Salary Range:
$74,200 - 126,200 USDSalary 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.
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 [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.