Overview
Requirement is for someone with experience in LoanIQ and ACBS – should have experience in Loan IQ Migration testing
Job title: Lead Analyst – Loan Operations
Location: Mumbai/Pune/Chennai, India
Experience: 8+ years of experience commercial lending, Syndicated and bilateral loan processing
Job duties:
– Thorough understanding of Loan product Lifecyle with exposure across various Loan management systems, documentation, closing, funding, and post closure servicing of transactions
– Knowledge of key activities across the Loan Syndication, various loan products, Syndicated and Bilateral deals
– Sound understanding of loan products; policies and processes; documentation requirements; risk systems, including loan origination systems; limits and exposure management; legal documentation
– Acquaintance on handling multiple migrations from other systems to Loan IQ; train and guide new user groups in different Loan IQ functionalities, modules, etc.
– Loan IQ pre-implementation unitary testing – functionalities, data etc., configuration testing, UAT testing
– Generate and share comprehensive report on metrics and team performance to the higher management
– Familiar with Loan IQ navigation as booking of outstanding loans/SBLC, manual adjustment of accruals, Manual cashflow
– Manage Loan servicing function by ensuring accurate static set up of client in LIQ. Static set up includes KYC checks, credit agreement, Deal set up, Facility & Loan set up in Loan IQ
– Funding, payments, rollover, nostro reconciliation and calculation of interest and fees per the notice sent by agent bank
Qualification: CA/ MBA Finance/ M.com
Skills required:
– Proficient in using various tools such as Loan IQ, ACBS, Flex-cube, XMC and MS Excel
– Understanding of credit agreement, admin detail form, pricing letters, borrowing notices
– Strong background with LoanIQ Platform – functional knowledge and validation, with experience is supporting designing of customised loan originations systems
– Loan IQ migration testing – pre-implementation as well as post implementation
– Techno-domain knowledge both
– Migration of active deals to LIQ from other software – configuration testing in LoanIQ
– Creation of outstandings in Loan IQ, Servicing, FED/SWIFT payments
– Knowhow around lending products is required, while experience across all corporate, commercial and retail banking in an added bonus
– Ability to implement tasks and projects with minimal supervision
– Proficient in MS Office application with advanced knowledge of excel a strong plus
– Personal attributes/ Interpersonal skills required
– Independent and decisive mindset; strong analytical and problem-solving skills; a structured working style with passion for deep diving into problems.
– Team player
– Ability to work on tight deadlines
– Strong interpersonal and communication skills; ability to work effectively across teams
– Ability to independently investigate/ analyse information and present conclusion
What we’ll offer you:
– Comprehensive Health Insurance for you and your dependents
– Complementary Health screenings
– Sponsorship for Industry relevant certification and education