Functional Business Analyst

Greetings for the Day !!!

Designation: Business Analyst - Financial Spreading Software

Client : IDEXCEL Technologies, Full Time Position

Experience: 6+ Years

Notice Period: immediate to 15 Days

Work Mode: Work From Office( 5 Days in a week)

Interview Mode: ( 2 Levels) 1 St Level will be online, 2 nd Level will be F2F.

Work Location: Bangalore, Hyderabad

Business Analyst - Financial Spreading Software

Job Summary

We are seeking a highly motivated and experienced Business Analyst to join our team in developing cutting-edge financial spreading software. As a Business Analyst, you will play a crucial role in gathering and documenting business requirements, collaborating with stakeholders, and ensuring the software meets the needs of our clients in the Commercial & Industrial (C&I), Commercial Real Estate (CRE), and Agriculture lending sectors. You will be responsible for understanding the intricacies of financial spreading, creditworthiness assessment, and credit decision-making processes within these industries . A key function of this role is to serve as a liaison between business stakeholders and the development team, ensuring clear communication and alignment on software requirements and functionality . This role requires a deep understanding of the importance of automation and efficiency in financial spreading software. The ideal candidate will be familiar with features such as automated data extraction from financial statements and tax returns , integration with other financial tools , and the ability to improve the speed and accuracy of credit decisions .

Responsibilities and Duties

· Elicit, analyze, and document detailed business requirements for financial spreading software from various stakeholders, including lenders, credit analysts, and underwriters.

· Conduct market research to identify industry trends, best practices, and competitive landscape in financial spreading software, with a focus on C&I, CRE, and Agriculture lending.

· 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.

· Stay informed about regulatory changes and industry standards related to financial spreading and credit risk assessment in C&I, CRE, and Agriculture lending.

· 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 .

· Specific knowledge of C&I, CRE, and Agriculture lending practices, including creditworthiness assessment, loan structuring, and risk mitigation strategies .

· 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., Moody’s 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

· Bachelor’s degree in business administration, Finance, Economics, or a related field.

· Master’s 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 .

Specific Knowledge of C&I, CRE, and Agriculture Lending Practices

To effectively gather and analyze business requirements for financial spreading software, the Business Analyst should possess specific knowledge of lending practices across various sectors:

· C&I Lending:

o Understanding of various types of C&I loans, such as working capital loans, term loans, and lines of credit .

o Knowledge of key factors in assessing credit risk for C&I businesses, including industry analysis, competitive landscape, and management quality .

· CRE Lending:

o Understanding of different types of CRE properties, such as office buildings, retail centers, and industrial properties .

o Knowledge of CRE valuation methods .

· Agriculture Lending:

o Understanding of the unique characteristics of agricultural businesses, including seasonality, commodity price fluctuations, and government support programs .

Understanding of Credit Risk Assessment and Mitigation

The Business Analyst needs a strong understanding of credit risk assessment and mitigation strategies:

· Creditworthiness Assessment:

o Ability to analyze borrower financial statements, including balance sheets, income statements, and cash flow statements .

o Understanding of key financial ratios and metrics used to assess creditworthiness .

· Risk Mitigation:

o 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 .

Conclusion

This Business Analyst position offers a unique opportunity to be at the forefront of developing innovative financial spreading software that will revolutionize credit decision-making in the financial services industry. The successful candidate will be a highly analytical and communicative individual with a deep understanding of C&I, CRE, and Agriculture lending practices, and a passion for leveraging technology to improve efficiency and accuracy in credit risk assessment.