Senior Analyst - Commercial Loan Closer (Bethesda)

Ally•Bethesda, MD

71d•$85,000 - $150,000

About The Position

The Operations Senior Analyst – Loan Closer works from Ally Financial’s Bethesda, Maryland office and handles commercial loan setup, initial funding day activities, loan modifications, and deal closings. The role requires a strong understanding of Know Your Customer (KYC), Anti-Money Laundering (AML), and Flood Insurance requirements. At this level, the individual works independently on complex setups, modifications, and closings. The position involves reviewing legal agreements and underwriting approvals to identify pricing, handling requirements, loan structures, and other information needed for deal setup. It also includes processing loan assignments, supporting initial funding and equity co-invest payments, maintaining operational procedures, and coordinating handling reviews with Operations Servicing team members. The role requires adherence to divisional procedures and policies, internal reviews, and audit and SOX compliance. Ally describes its work arrangements as fully on-site, hybrid, or fully remote; the specific requirements for this role are discussed during hiring and may change. The position offers a base pay range of $85,000 to $150,000 and eligibility for an annual incentive plan.

Requirements

At least 3 years of experience.
High school diploma or GED equivalent.
Strong understanding of KYC, AML, and Flood Insurance requirements for closing new deals and loan modifications.
Experience with MS Word and MS Excel.
Excellent verbal and written communication, interpersonal, and organizational skills.
Analytical, detail-oriented, and able to solve problems.
High 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.
BA or BS, preferably in Accounting or Finance.
Experience with the Loan IQ system or comparable loan syndication software.

Responsibilities

Review legal agreements and underwriting approval documents to identify pricing and handling requirements, loan structures, and other information needed for deal setup.
Set up deals accurately, including 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 loan syndication or movement within co-lender funds.
Complete, review, finalize, and validate new deal setup requirements before scheduled funding.
Perform operational setup activities within identified deal timeframes, business needs, and divisional procedures.
Complete KYC, AML, and Flood Insurance work required to close deals in accordance with Ally CF policies and procedures.
Conduct handling-requirement review and sign-off sessions with Operations Servicing team members for new accounts, pricing or handling changes, and account restructuring activities.
Set up and reprice SOFR loans.
Support setup of new deals involving Letter of Credit fees and renewals and account for their impact on loan modifications.
Maintain knowledge of Operations policies, procedures, and user training manuals for internal and external systems.
Participate in scheduled internal reviews of key procedures to support audit and SOX compliance.

Benefits

At least 20 paid time off days, prorated based on start date and varying by employment status and management level.
11 paid holidays.
8 hours of annual volunteer time off.
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.
Employee discount programs.
Potential travel allowances, relocation assistance, signing bonus, and/or equity, depending on the role.
Annual incentive plan eligibility.