Senior Analyst - Commercial Loan Closer (NYC)

Ally and Your Career
Ally Financial only succeeds when its people do - and that’s more than some cliché people put on job postings. We love this stuff! We see our people as, well, people - with interests, families, friends, dreams, and causes that are all important to them. Our focus is on the health and safety of our teammates as well as work-life balance and diversity and inclusion. From generous benefits to a variety of employee resource groups, we strive to build paths that encourage employees to stretch themselves professionally. We want to help you grow, develop, and learn new things. You’re constantly evolving, so shouldn’t your opportunities be, too?

Work Schedule : Ally designates roles as (1) fully on-site, (2) hybrid, or (3) fully remote. Hybrid roles are generally expected to be in the office a certain number of days per week as indicated by your manager. Your hiring manager will discuss this role's specific work requirements with you during the hiring process. All work requirements are subject to change at any time based on leader discretion and/or business need.

The Opportunity

The Operations Senior Analyst – Loan Closer will work out of our New York 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. Individuals at this level work independently and have the skills necessary for handling more complex set-ups, loan modifications and deal closings

The 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.
• Perform 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.

Preferred Qualifications:

• 3+ years of operational commercial Loan Closing work experience performing set-up related activities for a

  gented/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

Minimum Qualifications

• 3+ years of experience
• High school Diploma or GED equivalent

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.

Other Compensations: depending on the role for which you are considered, you may be eligible for travel allowances, relocation assistance, a signing bonus and/or equity.

To view more detailed information about Ally’s Total Rewards, please visit this link:

Who We Are :
Ally 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 .

Ally is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity or expression, pregnancy status, marital status, military or veteran status, genetic disposition or any other reason protected by law.

In accordance with the Americans with Disabilities Act, if after review of the position expectations, you believe that you may need a medical accommodation to fulfill the duties of this role, please email View email address on aiapply.co with details of your accommodation request.

Base Pay Range

$85,000.00 - $150,000.00

An individual's position in the range is determined by the specific role, the scope and responsibilities of the role, work experience, education, certification(s), training, and additional qualifications. We review internal pay, the competitive market, and business environment prior to extending an offer.

Incentive Compensation:

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