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- 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 professional growth opportunities.
- Other info: Dynamic role with potential for significant impact on finance processes.
- Why this job: Be part of a high-profile initiative that shapes the future of finance.
- 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 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 London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and banking sectors, especially those who have experience with LoanIQ. A friendly chat can lead to insider info about job openings or even referrals that could give you an edge.
✨Tip Number 2
Prepare for interviews by brushing up on your LoanIQ knowledge and SQL skills. We recommend practising common interview questions related to finance transformation and data integration. The more confident you are, the better you'll perform!
✨Tip Number 3
Showcase your expertise! Create a portfolio or a presentation that highlights your previous projects involving LoanIQ and finance transformation. This will help you stand out during interviews and demonstrate your hands-on experience.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities that might be perfect for you. Plus, applying directly can sometimes speed up the process and get your application in front of the right people faster.
We think you need these skills to ace Business Analyst LoanIQ in 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’ve got examples of complex mappings or reconciliations, we want to hear about them!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
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.
✨Prepare for Stakeholder Engagement
Since you'll be engaging with various teams, practice how you would gather and define business requirements. Think of examples from your past experiences where you successfully collaborated with Finance, Operations, or Technology teams. This will demonstrate your ability to communicate effectively across different functions.
✨Show Off Your SQL Skills
Be ready to discuss your SQL experience in detail. Prepare to talk about specific queries you've written for data extraction and validation. If possible, bring examples of complex mappings or reconciliations you've handled. This will highlight your technical capabilities and problem-solving skills.
✨Understand the Bigger Picture
Familiarise yourself with the broader context of finance transformation programmes, especially IFRS transitions and sub-ledger implementations. Be prepared to discuss how these elements impact the role of a Business Analyst. Showing that you understand the strategic importance of your work will set you apart from other candidates.