Senior Analyst - Commercial Loan Closer (NYC)

Ally Bank•New York, NY

About The Position

The Operations Senior Analyst – Loan Closer works from Ally’s New York office and handles deal setup, initial funding day activities, loan modifications, and loan assignments using 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 closing new deals and processing modifications. The analyst works independently on complex setups, modifications, and closings. The position reviews legal agreements and underwriting approvals to identify pricing, handling requirements, loan structures, and other information needed to set up deals accurately. It supports time-sensitive initial funding activities and equity co-invest payments, prepares new deals for scheduled funding, and ensures closing-day activities meet deadlines and operating procedures. The role also coordinates handoffs with Operations Servicing, maintains and reviews procedures for audit and SOX compliance, and supports accurate servicing of new and restructured accounts.

Requirements

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

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 degree, preferably in Accounting or Finance.
Experience with Loan IQ.

Responsibilities

Review legal agreements and underwriting approval documents to identify 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 loan syndications or movements within co-lender funds.
Review, finalize, and validate new deal setup requirements before scheduled funding.
Perform operational setup activities in accordance with deal timeframes, business needs, and divisional operating procedures.
Complete required KYC, AML, and flood insurance work for deal closings in accordance with Ally CF 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.
Support SOFR loan setup and repricing, and account for Letter of Credit fees and renewals in new deal setups and 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

Market-competitive base pay and performance-based incentives.
Paid time off starting at 20 days, 11 paid holidays, and 8 hours of annual volunteer time off.
401(k) retirement savings plan with matching and company contributions.
Student loan pay-down and 529 educational savings assistance programs.
Tuition reimbursement and employee stock purchase plan.
Financial learning center and financial coach access.
Medical, dental, vision, life, short- and long-term disability, and other insurance options.
Health Savings Account with employer contributions and Healthcare Flexible Spending Account.
Well-being program supporting physical, social, emotional, and financial health.
Adoption, surrogacy, and fertility assistance.
Paid parental and caregiver leave.
Dependent Day Care Flexible Spending Account, backup child and adult or elder care days, and childcare discounts.
Employee Assistance Program.
Subsidized and discounted Weight Watchers program and other employee discount programs.
Depending on the role, travel allowances, relocation assistance, signing bonus, and/or equity may be available.