Senior Analyst Commercial Loan Closer (Bethesda)
Bethesda, MD - USA
Job Summary
The Operations Senior Analyst Loan Closer will work out of our Bethesda Maryland office andmust be capable of handling set-up responsibilities initialfunding day activities and process loanmodifications in Loan IQ or other commercial lending system. The Individualmust also have a strongunderstanding of all Know Your Customer (KYC) Anti-Money Laundering (AML) and Flood Insurance requirements for closing new deals and loanmodifications. Individuals at this level work independently and have the skills necessary for handlingmore complex set-ups loanmodifications anddeal closings.
- 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 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.
- 3 years of experience
- High School Diploma or GED Equivalent
- 3 years of operational commercial Loan Closing work experience performing set-up related activities foragented/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.
- Must have experience with MS Word and MS Excel
- Experience with the Loan IQ system or comparable Loan syndication software preferred
Allys compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Our Total Rewards program includes industry-leading compensation and benefits plus additional incentives that are designed to meet your needs and those of your family so you can get the most out of your career and your life including:
- Time Away:Program starts at 20 paid time off days in addition to 11 paid holidays and 8 hours of volunteer time off yearly (time off days are prorated based on start date and program varies based on full or part-time status and management level).
- 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 pay downs and 529 educational save up assistance programs tuition reimbursement employee stock purchase plan and financial learning center and financial coach access.
- Supporting your Health & Well-being:flexible health and insurance options including medical dental and vision employee spouse and child life insurance short- and long-term disability pre-tax Health Savings Account with employer contributions Healthcare FSA critical illness accident & hospital indemnity insurance 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 assistance as well as paid parental and caregiver leave Dependent Day Care FSA back-up child and adult/elder care days and childcare discounts.
- Work-Life Integration:other benefits including Mentally Fit Employee Assistance Program subsidized and discounted Weight Watchers program and other employee discount programs.
- Other compensations:depending on the role for which you are considered you may be eligible for travel allowances relocation assistance a signing bonus and/or equity.
- To view more detailed information about Allys Total Rewards please visit this link: 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 .
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.
We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests email us at Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.
Required Experience:
Senior IC
About Company
Manage your money with Ally: online banking, auto financing, and investments. Financial products designed to help you pursue your goals.