Senior Analyst, Commercial Loan Closer

General information

Career area Loan Administration/Operations Work Location(s) 300 Park Avenue, NY Remote? No Ref # 19393 Posted Date 03-06-25 Working time Full time

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?
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 hand