Senior Analyst - Commercial Loan Closer (NYC)

About the role

Ally Financial sees its people as individuals with interests, families, friends, dreams, and causes that matter to them. We focus on health and safety, work-life balance, and diversity and inclusion, offering generous benefits and employee resource groups to help you grow professionally.

Responsibilities

• Perform detailed review of Legal Agreement and Underwriting Approval documents to obtain pricing/handling requirements, loan structures, and pertinent information for Deal Set-up activities.
• Ensure accurate recognition of borrower balances, client income, and servicing requirements.
• Handle time-sensitive Initial Funding activities and Equity Co-Invest payments within 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, finalization, and validation of set-up requirements prior to scheduled funding to ensure smooth closing day activities.
• Perform operational set-up activities according to new deal timeframes, business need, and divisional operating procedures.
• Complete all KYC, AML, and Flood Insurance work required to close deals in accordance with Ally CF policies and procedures.
• Conduct handling requirements “review and sign-off” sessions with Operations Servicing team members to ensure accurate handling of new accounts, pricing/handling changes, and account restructuring activities.
• Knowledge of SOFR loan setup/repricing.
• Basic knowledge of Letter of Credit (LC) Fees and Renewals related to new deal set-up and loan modifications.
• Understand Operations Policies and Procedures, including scheduled internal reviews of key procedures to ensure audit and SOX compliance.

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.
• BA or BS preferred, in Accounting or Finance.
• Excellent communication (verbal and written), interpersonal, and organizational skills.
• Analytical, detail-oriented with problem-solving capability.
• Very motivated, self-starter.
• Must have experience with MS Word and MS Excel.
• Experience with Loan IQ a plus.
• 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.
• BA or BS preferred, in Accounting or Finance.
• Excellent communication (verbal and written), interpersonal, and organizational skills.
• Analytical, detail-oriented with problem-solving capability.
• Very motivated, self-starter.
• Must have experience with MS Word and MS Excel.
• Experience with Loan IQ a plus.

Benefits

• Time Away: 20 paid time off days plus 11 paid holidays and 8 hours of volunteer time off yearly (prorated based on start date and program varies by full/part-time status and management level).
• Planning for the Future: 401K with matching and company contributions, student loan paydowns, 529 educational savings assistance, tuition reimbursement, employee stock purchase plan, and financial learning center with coach access.
• Supporting your Health & Well-being: Flexible health and insurance options (medical, dental, vision), life insurance (employee, spouse, child), 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.
• Building a Family: Adoption, surrogacy, and fertility assistance; paid parental and caregiver leave; Dependent Day Care FSA; back-up child and adult/elder care days; childcare discounts.
• Work-Life Integration: Mentally Fit Employee Assistance Program, subsidized Weight Watchers program, and other employee discount programs.
• Other Compensation: Travel allowances, relocation assistance, signing bonus, and/or equity may be available depending on the role.

Pay

Base Pay Range: $85,000.00 – $150,000.00. An individual’s position in the range is determined by role scope, responsibilities, experience, education, certifications, training, and additional qualifications. Incentive compensation eligibility is based on participation in the annual incentive plan.