Business Analyst - Financial Spreading
- Idexcel
- 5 - 10 years
- Bengaluru
- 2 days ago
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Job Description
Business Analyst - Financial Spreading Software
Responsibilities and Duties
- Elicit, analyze, and document detailed business requirements for financial spreading software from various stakeholders, including lenders, credit analysts, and underwriters.
- Translate business needs into functional and non-functional requirements, user stories, use cases, and process flows for the development team6.
- Collaborate with the development team to ensure the software design and functionality align with the documented requirements.
- Ensure the software design and functionality adhere to relevant regulations and industry standards in financial spreading and credit risk assessment.
- Create comprehensive user acceptance testing (UAT) plans and test cases to validate the software against the defined requirements.
- Participate in UAT sessions, document defects, and work with the development team to resolve issues.
- Contribute to the development of user manuals, training materials, and online help documentation to support user adoption and understanding of the software.
- Support the product management team in defining the product roadmap and prioritizing features based on market needs and client feedback.
- Support the implementation and adoption of the software by users, including providing training and facilitating change management activities.
- Incorporate feedback from stakeholders, such as product managers and lead developers, to refine and improve the software requirements and design.
Required Skills and Experience
- Proven experience as a Business Analyst in the financial services industry, with a focus on lending and credit risk management.
- Strong understanding of financial spreading methodologies, including the analysis of financial statements, tax returns, and cash flow projections .
- Familiarity with credit risk assessment tools and techniques, such as financial ratios, credit scoring models, and stress testing .
- Experience with data analysis and financial modeling tools, such as Excel, SQL , and statistical software packages.
- Familiarity with leading financial spreading software solutions and platforms in the market (e.g., Moodys CreditLens, Sageworks, nCino, Baker Hill NextGen) .
- Strong analytical and problem-solving skills, with the ability to identify and articulate business needs and translate them into software requirements .
- Proficiency in using requirement management tools and techniques, such as JIRA, Confluence, and Agile methodologies .
Educational Qualifications
- Bachelors degree in business administration, Finance, Economics, or a related field.
- Masters degree in business administration (MBA) or a related field is preferred .
- Relevant certifications, such as Certified Business Analysis Professional (CBAP) or Certified associate in project management (CAPM), are a plus .
Understanding of Credit Risk Assessment and Mitigation
The Business Analyst needs a strong understanding of credit risk assessment and mitigation strategies:
- Creditworthiness Assessment:
- Ability to analyze borrower financial statements, including balance sheets, income statements, and cash flow statements .
- Understanding of key financial ratios and metrics used to assess creditworthiness .
- Risk Mitigation:
- Familiarity with various credit risk mitigation techniques, such as loan covenants, collateral requirements, and guarantees .
Experience with Data Analysis and Financial Modeling
The Business Analyst should have a strong foundation in data analysis and financial modeling:
- Proficiency in using spreadsheet software, such as Microsoft Excel, for financial analysis and modeling.
- Experience with database query languages, such as SQL, to extract and analyze data from financial systems .
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: BFSI, Investments & TradingRole Category: LendingRole: Credit ManagerEmployement Type: Full timeContact Details:
Company: IdexcelLocation(s): Bengaluru
Keyskills: Financial Statements Tax Returns Financial Ratios Balance Sheet Cash Flow Statement Covenant Analysis Risk Mitigation Credit Risk Management Credit Worthiness Risk Management
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