Senior Analyst, CF Operations

Ally Financial • New York, NY

259d • Onsite

About The Position

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.

Requirements

• 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.
• High level of accountability and the ability to effectively prioritize tasks.
• Very motivated, self-starter.
• Computer literate, including: Word, Excel.
• Experience with the Loan IQ system or comparable Loan syndication software preferred.

Responsibilities

• 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/LIBOR 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.

Benefits

• 11 paid holidays
• 20 paid time off days
• 8 hours of volunteer time off, yearly
• 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
• 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
• Mentally Fit Employee Assistance Program
• subsidized and discounted Weight Watchers® program
• adoption, surrogacy and fertility assistance
• paid parental and caregiver leave
• Dependent Day Care FSA back-up child and adult/elder care days
• childcare discounts

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree