Senior Analyst - Commercial Loan Closer (Bethesda)

Ally Bank•Bethesda, MD

21h•$85,000 - $150,000

About The Position

The Operations Senior Analyst – Loan Closer works from Ally’s Bethesda, Maryland office and handles loan setup, initial funding day activities, and loan modifications in Loan IQ or another commercial lending system. The role requires a strong understanding of Know Your Customer (KYC), Anti-Money Laundering (AML), and flood insurance requirements for new deal closings and loan modifications. The analyst works independently on complex setups, modifications, and deal closings. The position involves reviewing legal agreements and underwriting approvals to identify pricing, handling requirements, loan structures, and other information needed to set up deals accurately. The analyst supports time-sensitive initial funding activities and equity co-invest payments, processes modifications and assignments, and coordinates setup and closing activities according to deadlines and procedures. The role also includes confirming handling requirements with Operations Servicing, maintaining procedural knowledge, and participating in reviews that support audit and SOX compliance. The job is based in Bethesda, Maryland. Ally classifies roles as onsite, hybrid, or remote, but the specific work arrangement for this position is to be discussed with the hiring manager and may change based on business needs. Ally offers a market-competitive base salary and annual incentive-plan eligibility, along with a broad Total Rewards program.

Requirements

At least 3 years of experience.
High school diploma or GED equivalent.
Strong understanding of KYC, AML, and flood insurance requirements for commercial loan closings and modifications.
Ability to work independently and handle complex setups, loan modifications, and deal closings.
Experience with Microsoft Word and Microsoft Excel.
Excellent verbal and written communication, interpersonal, and organizational skills.
Analytical, detail-oriented, and capable of problem solving.
High level of accountability and ability to prioritize tasks effectively.
Motivated self-starter.

Nice To Haves

At least 3 years of operational commercial loan closing experience performing setup activities for agented and non-agented relationships.
Some experience performing deal servicing responsibilities.
Bachelor of Arts or Bachelor of Science degree, preferably in Accounting or Finance.
Experience with Loan IQ or comparable loan syndication software.

Responsibilities

Review legal agreements and underwriting approval documents to determine pricing and handling requirements, loan structures, and information needed for deal setup.
Set up deals accurately, including recognition of borrower balances, client income, and servicing requirements.
Handle time-sensitive initial funding activities and equity co-invest payments associated with loan closings.
Process loan modifications, including complex restructures.
Process loan assignments related to syndications or movement within co-lender funds.
Review, finalize, and validate new deal setup requirements before scheduled funding, and complete closing-day activities according to processing deadlines.
Perform operational setup activities within new-deal timeframes, business needs, and divisional procedures.
Complete KYC, AML, and flood insurance work required to close deals in accordance with Ally Commercial Finance policies and procedures.
Conduct handling-requirement review and sign-off sessions with Operations Servicing team members to support accurate handling of new accounts, pricing or handling changes, and account restructurings.
Apply knowledge of SOFR loan setup and repricing.
Support setup of new deals involving Letter of Credit fees and renewals and understand their impact on loan modifications.
Maintain knowledge of Operations policies, procedures, and user training manuals for internal and external systems.
Participate in scheduled reviews of key procedures to support audit and SOX compliance.

Benefits

Paid time off starting at 20 days, 11 paid holidays, and 8 hours of annual volunteer time off; amounts are prorated based on start date and vary by employment status and management level.
401(k) retirement savings plan with matching and company contributions.
Student loan paydown and 529 educational savings assistance programs.
Tuition reimbursement.
Employee stock purchase plan.
Financial learning center and financial coach access.
Medical, dental, and vision insurance options.
Employee, spouse, and child life insurance.
Short- and long-term disability insurance.
Health Savings Account with employer contributions and Healthcare FSA.
Critical illness, accident, and hospital indemnity insurance.
Total well-being program.
Adoption, surrogacy, and fertility assistance.
Paid parental and caregiver leave.
Dependent Day Care FSA, backup child and adult/elder care days, and childcare discounts.
Employee Assistance Program.
Subsidized and discounted Weight Watchers program and other employee discount programs.
Potential travel allowances, relocation assistance, signing bonus, and/or equity depending on the role.
Annual incentive plan eligibility.