Senior Analyst, Operations - Commercial Loan Closing (NYC)

About the position

The Operations Senior Analyst - Loan Closer will work out of our New York 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.

Responsibilities

  • 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/repricing's.
  • 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.

Requirements

  • 3+ years of operational commercial 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 preferred.

Benefits

  • 11 paid holidays
  • 20 paid time off days
  • 8 hours of volunteer time off, yearly
  • 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
  • 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
  • Adoption, surrogacy and fertility assistance
  • Paid parental and caregiver leave
  • Dependent Day Care FSA
  • Mentally Fit Employee Assistance Program
  • Subsidized and discounted Weight Watchers® program
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