Business Analyst – Loan Management System

December 3, 2021
Urgent
Application ends: February 3, 2022
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Job Description

Location: Mumbai

Experience:10yrs – 12Yrs

Notice Period: 15 – 30 days

Salary :15LPA- 17LPA

Job Role:

  • Experience in implementing new Loan Origination System / Loan Management System in Commercial Vehicle Loans, Tractor Loans (mandatory)
  • Domain knowledge of Commercial Vehicle / Tractor Loans / Micro Business Loans
  • Experience as Business Analyst in writing BRDs & FRDs
  • Exposure to project management
  • Communication skills – excellent (both written & spoken)

Job Purpose:

This role is with the Priority Sector Lending (PSL) Team of the bank. The bank would be working on a few new retail banking products/areas including partnering with NBFCs to originate borrowing (loan) customers. For the successful implementation of strategy, the bank also needs to evaluate tech application requirements (Loan Origination System – LOS & Loan Management System – LMS) and develop & implement new applications and integrate the new application with existing applications of the bank.

A person in this role is required to have product knowledge (Commercial Vehicle, Tractor Finance, 2wheeler finance, Micro Business Loans, Equipment Finance, SHG Loans, LAP) and document system specifications/application (LOS/LMS) requirement under Business Requirement Document (BRD) and Functional Requirement Document (FRD) with Technology team to address origination, credit assessment & approval, booking of loan, monitoring & reporting. The person will work through the Technology team to find a suitable application solution and get it delivered.

Business Analyst Responsibilities:

  • Understand Bankes current systems/applications like Core banking systems and other downstream systems
  • Performing requirements analysis for the products mentioned above,
  • Work with various stakeholders including Finance, Risk, Compliance, Operations, Business, Product teams to incorporate their requirements in BRD.
  • Gathering critical information from meetings with various stakeholders and producing useful reports.
  • Documenting and communicating the same to the Technology team
  • Coordinate with the in-house Tech team and external IT vendors in explaining and developing the product functionalities required in the system.
  • Identify and drive necessary changes in systems for activities peculiar to a partnership
  • Technology model finalization spanning multiple existing IT applications and possible incorporation of any new systems or interfaces with the partner’s setup
  • Driving Banks  Tech teams and the vendor teams towards the most efficient and cost-effective implementation    of the agreed solution
  • Ensuring solutions meet business needs and requirements
  • Performing user acceptance testing
  • Monitor progress including reporting requirements, end-to-end testing and releases etc. post-go-live monitoring
  • Managing projects, developing project plans, and monitoring performance.
  • Updating, implementing and maintaining procedures.
  • Serving as a liaison between stakeholders and users.
  • Monitoring deliverables and ensuring timely completion of projects.

Business Analyst Requirements:

  • A master’s degree in business or a related field.
  • A minimum of 10 years experience in business analysis or a related field.
  • Good knowledge of banking business and IT
  • Exceptional analytical and conceptual thinking skills.
  • The ability to influence stakeholders and work closely with them to determine acceptable solutions.
  • Project management skills (including planning, organizational, time management skills) with a track record of leading projects
  • Excellent communication & documentation skills.
  • Experience creating detailed reports and giving presentations
  • Competency in Microsoft applications including Word, PowerPoint, Excel, and Outlook