Business Analyst (Loan IQ / Loan Operations)

New York, NY 10020

Employment Type: Direct Hire Industry: Project Management/BA Job Number: 3040 Salary Level: 120000 - 140000

Job Description

High Profile Asset Management Company seeks an experienced Business Analyst with Loan IQ / Loan Operations expertise.

This is a direct hire full-time hybrid onsite 2 days per week in Manhattan role with an organization that offers competitive compensation and an amazing benefits package.

In summary, you will be imbedded in the Loan Operations team where you will provide enhanced accuracy, stability, and efficiency in the processes and workflow of the Loan Operations Department's day-to-day, routine operational, and administrative work, by initiating and/or participating in all system related projects in the Department, and providing maintenance and enhancement of applications:
  • Evaluate business processes, anticipating requirements, uncovering areas for improvement, and developing and implementing solutions.
  • Assess options for process improvement, including business process modeling.
  • Analyze existing software applications to understand and document functionality.
  • Occasionally perform day-to-day operations to better understand business workflows in order to perform assessments, write specifications, create test scenarios, and testing.
  • Responsible for development, maintenance, automation, and enhancement of workflows related to Loan Operations.
  • Facilitate the development, design, and maintenance of Excel and Access templates as well as SQL queries, utilizing SQL programming languages.
  • Translate business needs and requirements into technical specifications.
  • Document the requirements into a project plan that is fully and easily understandable by the IT Department.
  • Coordinate and liaisons on behalf of Loan Operations with IT Department for revisions, developments, and enhancements of new and existing software applications
  • Identify and communicate with key stakeholders. Liaise between various business departments and groups.
  • Maintain documentation regarding various projects, process, and operations.
  • Initiate or participate in system related projects and cooperates with other members.
  • Collaborate with project managers and business analysts in the other department as well as IT to enhance the Banks’s operation efficiency and resilience.
  • Achieve departmental cost savings through the prudent use of resources. Prevents potential liabilities by adhering to procedures and regulations.
  • Support changes in system permissions for new hires, resignations, and other instances where a change is required.
  • Assist the Head of Loan Operations in conducting periodic reviews and other system risk activities.
  • Participate in the Loan IQ Project when the Bank implements Loan IQ by revisiting processes and workflows, creating and testing scenarios, providing training, updating manuals, etc.

Requirements include:
  • Strong proficiency in Microsoft Office applications including Excel, Access, SharePoint, Teams, SQL and Visual Basic for Applications (VBA). Intermediate programming skills and experience with Excel and Access
  • Business Analyst and Project Management (Waterfall and Agile) experience are required.
  • Loan operations experience is preferred, but at a minimum, basic knowledge and understanding of the workflow of bilateral / syndicated / agency loans is essential.
  • Experience with Loan IQ (version 6 or later) is strongly preferred.
  • Ability to effectively communicate and influence key stakeholders to support proposed strategies, process improvements and operational decisions
  • Resourcefulness and ability to develop creative solutions to problems
  • Experience in testing and mapping various business processes and protocols
  • Experience with Robotic Process Automation (RPA) is a plus
  • Good time management, including punctuality and attendance
  • Completed Bachelor’s degree in Computer Science or other similar course of study coupled with 5+ years of relevant work experience in a financial institution
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