Senior Analyst - Commercial Loan Closer (NYC)

Ally•New York, NY

7d•$85,000 - $150,000

About The Position

The Operations Senior Analyst – Loan Closer works from Ally Financial’s New York office and handles commercial loan setup, initial funding 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. The analyst works independently on complex setups, modifications, and closings, ensuring accurate borrower balances, client income, and servicing requirements. The position involves reviewing legal agreements and underwriting approvals; completing time-sensitive initial funding and equity co-invest payments; processing assignments and complex restructures; and coordinating operational setup and servicing handoffs. The analyst also supports SOX and audit compliance through adherence to policies, procedures, and user training manuals. The role is based in the New York office. Ally classifies roles as onsite, hybrid, or remote, but the specific work arrangement for this position is discussed during hiring and may change based on business needs.

Requirements

At least 3 years of experience.
High school diploma or GED equivalent.
Experience with Microsoft Word and Microsoft Excel.
Excellent verbal and written communication, interpersonal, and organizational skills.
Analytical, detail-oriented, and capable of problem solving.
Motivated self-starter.

Nice To Haves

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

Responsibilities

Review legal agreements and underwriting approval documents to identify pricing, 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 syndications or movements within co-lender funds.
Complete new deal setup, review and validate requirements before scheduled funding, and ensure closing-day activities meet processing deadlines.
Perform operational setup according to 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 for 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 assess their impact on loan modifications.
Follow Operations policies and procedures, use internal and external system training manuals, and participate in scheduled procedure reviews to support audit and SOX compliance.

Benefits

At least 20 paid time-off days, 11 paid holidays, and 8 hours of annual volunteer time off; amounts are prorated or vary based on start date, employment status, and management level.
401(k) retirement savings plan with matching and company contributions.
Student loan pay-down and 529 educational savings assistance programs.
Tuition reimbursement.
Employee stock purchase plan.
Financial learning center and access to financial coaches.
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 Flexible Spending Account.
Critical illness, accident, and hospital indemnity insurance.
Total well-being program.
Adoption, surrogacy, and fertility assistance.
Paid parental and caregiver leave.
Dependent Day Care Flexible Spending Account.
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.