Credit Analyst

General information Ref # 22767 Remote? No 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 live 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? The Opportunity This role is based out of our NYC office. The Operations Analyst - Letters of Credit (LC) has LC experience handling irrevocable standby LCs for middle-market leveraged deal structures, servicing agented or non-agented deals. Individuals at this level can perform and coordinate all LC activities. Primary responsibilities include the direct handling of the LC process, specializing in standby LCs. In addition, this position includes the administration of key segregated duties, including wire instruction setup for clients, co-lenders, and agents, and performing OFAC screening. The individual has a working knowledge of operational procedures, Sarbanes-Oxley (SOX), and risk frameworks and controls. Operations personnel at this level can handle their assigned workload with minimal supervision. The Operations Analyst - LC should have experience working on the Loan IQ system or other commercial lending loan systems. The Work Itself The Operations Analyst is well-versed in all letters of credit activities and can perform, coordinate, and administer the following responsibilities: Letter of credit applications, approvals, issuance, and amendments for direct deals as the issuing bank (Ally Bank) and on behalf of other issuing banks. Monitor evergreen LCs with sufficient time to address renewal dates. Outbound wire setup, OFAC screening, and daily funding activities to support new business and daily servicing requirements. Operations control responsibilities, including the reconciliation of letter of credit activities and various month-end reporting activities. Actively prepare for and participate in the month-end and quarter-end closing processes to ensure letters of credit processing activities are completed on a timely basis. Participate in disaster recovery activities and readiness, including key information archival and work-from-home testing. The Skills You Bring Minimum Qualifications: 1 year of experience High School Diploma or GED Equivalent Preferred Qualifications: * 1 year of operational experience handling standby letters of credit in the role of the LC issuing bank ;3 years of LC experience is highly preferred. * Operational control experience handling LC reconciliation activities.* Excellent communication, verbal, written, interpersonal, and organizational skills.* Highly analytical and detail-oriented, with problem-solving capability.* Ability to work independently with demonstrated time management skills.* High level of accountability and the ability to effectively prioritize tasks.* Highly motivated self-starter.* Must have MS Word and Excel experience .* Knowledge of Loan IQ or related systems, with 5+ years of hands‑on operations processing experience preferred. 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. But Ally’s total compensation - or total rewards - extends beyond your paycheck and is designed to support and enrich your personal and professional life, including:* Time Away: competitive holiday and flexible paid‑time‑off, including time off for volunteering and voting.* 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 and 529 educational assistance programs, tuition reimbursement, and other financial well‑being programs.* Supporting your Health & Well‑being: flexible health and insurance options including dental and vision, pre‑tax Health Savings Account with employer contributions 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 support as well as parental and caregiver leave, back‑up child and adult/elder day care program and childcare discounts.* Work‑Life Integration: other benefits including LifeMatters® Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs. 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. Where permitted by applicable law, must have received or be willing to receive the COVID‑19 vaccine by date of hire to be considered, if not currently employed by Ally. We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at View email address on click.appcast.io. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation. Base Pay Range: An individual's position in the range is determined by 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. Emerging: 65000 Experienced: 90000 Expert: 115000 Incentive Compensation: This position is eligible to participate in our annual incentive plan #J-18808-Ljbffr