Senior Analyst - Commercial Loan Closer (Bethesda)

The Opportunity

The Operations Senior Analyst – Loan Closer will work out of our Bethesda, Maryland office and must be capable of handling set-up responsibilities, initial funding day activities and process loan modifications in Loan IQ or other commercial lending system.

The Individual must also have a strong understanding of all Know Your Customer (KYC), Anti-Money Laundering (AML) and Flood Insurance requirements for closing new deals and loan modifications.

Work Itself

• Perform the detailed review of the Legal Agreement and Underwriting Approval documents to obtain pricing /handling requirements, loan structures and pertinent information to perform Deal Set-up activities ensuring the accurate recognition borrower balances, client income and servicing requirements.
• Well versed on the time sensitive nature of Initial Funding activities and Equity Co-Invest payments made with the Loan Closing process.
• Process all loan modifications including complex restructures.
• Process all loan assignments as part of loan syndication or movement within co-lender funds.
• Complete new deal set-up activities including review, finalize and validate set-up requirements prior to a scheduled funding to ensure closing day activities are handled smoothly according to identified processing deadlines.
• Perform Operational set-up activities according to identified new deal timeframes, the business need and divisional operating procedure.
• Complete all KYC, AML and Flood Insurance work required to close deals in accordance with Ally CF policies and procedure.
• Complete handling requirements “review and sign-off” sessions with the assigned Operations Servicing team members to ensure go-forward accurate handling of new accounts, pricing/handling changes and account restructuring activities.
• Knowledge of SOFR loan setup/repricing’s.
• Basic Knowledge of Letter of Credit (LC) Fees and Renewals related to the set-up of new deals and impact on loan modifications.
• Well versed in Operations Policies and Procedures including the appropriate user training manuals for internal and external systems utilized.
• This process includes scheduled internal reviews of key procedures to ensure overall audit and SOX compliance.

Skills

• Minimum Qualifications: 3+ years of experience
• High School Diploma or GED Equivalent
• Preferred Qualifications: 3+ years of operational commercial Loan Closing work experience performing set-up related activities for agented/non agented relationships required.
• Some experience performing deal servicing responsibilities preferred.
• Bachelor's or Master's degree in Accounting or Finance preferred.
• Excellent communication (verbal and written), interpersonal and organizational skills.
• Analytical, detail oriented with problem-solving capability.
• High level of accountability and the ability to effectively prioritize tasks.
• Very motivated, self-starter.
• Experience with MS Word and MS Excel.
• Experience with the Loan IQ system or comparable Loan syndication software preferred.

Who We Are

Allied Financial is a customer-centric, leading digital financial services company with passionate customer service and innovative financial solutions. We are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. For more information, visit www.ally.com.

How We'll Have Your Back

Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Our Total Rewards program includes industry-leading compensation and benefits plus additional incentives that are designed to meet your needs and those of your family so you can get the most out of your career and your life, including:

• Time Away: Program starts at 20 paid time off days in addition to 11 paid holidays and 8 hours of volunteer time off yearly (time off days are prorated based on start date and program varies based on full or part-time status and management level).
• Planning for the Future: plan for the near and long term with an industry-leading 401K retirement savings plan with matching and company contributions, student loan pay downs and 529 educational save up assistance programs, tuition reimbursement, employee stock purchase plan, and financial learning center and financial coach access.
• Supporting your Health & Well-being: flexible health and insurance options including medical, dental and vision, employee, spouse and child life insurance, short- and long-term disability, pre-tax Health Savings Account with employer contributions, Healthcare FSA, critical illness, accident & hospital indemnity insurance, and a total well-being program that helps you and your family stay on track physically, socially, emotionally, and financially.
• Building a Family: adoption, surrogacy and fertility assistance as well as paid parental and caregiver leave, Dependent Day Care FSA back-up child and adult/elder care days and childcare discounts.
• Work-Life Integration: other benefits including Mentally Fit Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.

Base Pay Range

Base Pay Range: $85000 - $150000 USD

Incentive Compensation

This position is eligible to participate in our annual incentive plan.