What are the responsibilities and job description for the Senior Analyst - Loan Closing position at Ally?
Ally Financial only succeeds when its people do - and thats more than some clich people put on job postings. We live this stuff! We see our people as, well, people - with interests, families, friends, dreams, and causes that are all important to them. Our focus is on the health and safety of our teammates as well as work-life balance and diversity and inclusion. From generous benefits to a variety of employee resource groups, we strive to build paths that encourage employees to stretch themselves professionally. We want to help you grow, develop, and learn new things. Youre constantly evolving, so shouldnt your opportunities be, too?
- The Opportunity
- The Work Itself
- 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 / repricings.
- 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.
- The Skills You Bring
- 3 years of operational 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 prefer
- How We'll Have Your Back
- Time Away : competitive holiday and flexible paid-time-off, including time off for volunteering and voting.
- Planning for the Future : plan for the near and long term with an industry-leading 401K retirement savings plan with matching and company contributions, student loan and 529 educational assistance programs, tuition reimbursement, and other financial well-being programs.
- Supporting your Health & Well-being : flexible health and insurance options including dental and vision, pre-tax Health Savings Account with employer contributions and a total well-being program that helps you and your family stay on track physically, socially, emotionally, and financially.
- Building a Family : adoption, surrogacy, and fertility support as well as parental and caregiver leave, back-up child and adult / elder day care program and childcare discounts.
- Work-Life Integration : other benefits including LifeMatters Employee Assistance Program, subsidized and discounted Weight Watchers program and other employee discount programs.
- Base Pay Range : _
- Emerging :
- 85000
- Experienced :
- 117500
- Expert :
- 150000
The Operations Senior Analyst - Loan Closer will work out of our Bethesda 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.
LI-Onsite
Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. But Allys total compensation - or total rewards - extends beyond your paycheck and is designed to support and enrich your personal and professional life, including :
Who We Are :
Ally Financial is a customer-centric, leading digital financial services company with passionate customer service and innovative financial solutions. We are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. For more information, visit www.ally.com.
Ally is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity or expression, pregnancy status, marital status, military or veteran status, genetic disposition or any other reason protected by law.
Where permitted by applicable law, must have received or be willing to receive the COVID-19 vaccine by date of hire to be considered, if not currently employed by Ally.
We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at work@ally.com. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.
Incentive Compensation : This position is eligible to participate in our annual incentive plan
