Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join a major finance transformation programme as a LoanIQ Business Analyst.
- Company: Leading global banking organisation based in London.
- Benefits: Competitive daily rate, flexible working arrangements, and a dynamic project environment.
- Other info: Opportunity to work with cross-functional teams and develop your career in finance.
- Why this job: Make a significant impact on finance transformation while enhancing your analytical skills.
- Qualifications: Experience with LoanIQ, strong SQL skills, and knowledge of lending products required.
The predicted salary is between 54000 - 78000 £ per year.
We are partnering with a leading global banking organisation undertaking a major multi-year finance transformation programme and are seeking an experienced Senior LoanIQ Business Analyst to join a high-profile strategic initiative. This programme covers key transformation areas including IFRS transition, sub-ledger implementation, reporting period alignment, and process/control enhancement. The successful candidate will play a critical role in ensuring accurate and reliable LoanIQ data integration across finance and downstream reporting systems.
Key Responsibilities:
- Act as the SME for LoanIQ within a large-scale finance transformation programme.
- Engage with stakeholders across Finance, Operations, Technology, and Data teams to gather and define business and interface requirements.
- Analyse LoanIQ data structures, workflows, and integration points across the lending lifecycle.
- Define and document source-to-target mappings for downstream consumers including sub-ledgers, data warehouses, and reporting platforms.
- Develop and execute SQL queries for data extraction, reconciliation, validation, and analysis.
- Support interface design including transformation logic, reconciliation controls, exception handling, and operational procedures.
- Map current and future-state lending processes including drawdowns, repricing, rollovers, fees, and trading events.
- Support SIT/UAT phases including test planning, execution, defect management, and governance sign-off.
- Contribute to data migration, historical backfill, and cutover activities.
- Provide RAID management, status reporting, and transition support to BAU teams.
Key Skills & Experience:
- Strong hands-on experience working as a Business Analyst or Systems Analyst on LoanIQ projects is essential.
- Excellent understanding of loan servicing, guarantees/SBLCs, syndicated lending, and collateral accounting.
- Strong SQL and data analysis capabilities including reconciliations, data quality validation, and complex mappings.
- Experience working on finance transformation programmes, ideally involving IFRS, sub-ledger implementations, or regulatory reporting initiatives.
- Proven experience producing BRDs, functional specifications, mapping documents, test packs, and interface documentation.
- Strong understanding of lending products including corporate, syndicated, and project finance.
- Experience working across Agile and Waterfall delivery environments.
- Ability to engage effectively with cross-functional stakeholders including Technology, Finance, Operations, Product Control, and third-party vendors.
Business Analyst LoanIQ in City of London employer: Magnit Global
Contact Detail:
Magnit Global Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Analyst LoanIQ in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and banking sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on a role that’s perfect for you.
✨Tip Number 2
Prepare for those interviews by brushing up on your LoanIQ knowledge. Make sure you can discuss your experience with data integration and finance transformation confidently. Practise common interview questions and think of examples that showcase your skills in SQL and stakeholder engagement.
✨Tip Number 3
Don’t just apply anywhere; focus on roles that excite you! Use our website to find positions that match your skills as a Business Analyst. Tailor your approach to each application, highlighting your experience with loan servicing and finance transformation.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to show your genuine interest in the role and the company.
We think you need these skills to ace Business Analyst LoanIQ in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Business Analyst role, highlighting your experience with LoanIQ and finance transformation programmes. We want to see how your skills match the job description, so don’t be shy about showcasing relevant projects!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific experiences that relate to the key responsibilities and skills listed in the job description. We love a good story!
Show Off Your SQL Skills: Since strong SQL capabilities are a must-have, make sure to mention any relevant projects where you’ve used SQL for data extraction or analysis. If you have examples of complex mappings or reconciliations, include those too – we want to see your expertise in action!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Magnit Global
✨Know Your LoanIQ Inside Out
Make sure you brush up on your LoanIQ knowledge before the interview. Understand its data structures, workflows, and how it integrates with finance systems. Being able to discuss specific features and functionalities will show that you're not just familiar with the tool but are also ready to hit the ground running.
✨Engage with Stakeholders
Prepare to talk about your experience engaging with various stakeholders. Think of examples where you've gathered requirements from Finance, Operations, or Technology teams. Highlight your ability to communicate effectively across different functions, as this is crucial for a Business Analyst role in a finance transformation programme.
✨Show Off Your SQL Skills
Since strong SQL capabilities are essential for this role, be ready to discuss your experience with data extraction, validation, and analysis. You might even want to prepare a few examples of complex queries you've written or challenges you've faced while working with data. This will demonstrate your technical prowess and problem-solving skills.
✨Understand the Bigger Picture
Familiarise yourself with the key transformation areas mentioned in the job description, like IFRS transition and sub-ledger implementation. Be prepared to discuss how these elements impact the overall finance landscape and how your role as a Business Analyst fits into this transformation. Showing that you understand the strategic importance of your work will set you apart.