IFMR - Business Requirement Analyst

Job Description – Business Requirement Analyst

About company:

IFMR Rural Finance (www.ruralfinance.ifmr.co.in) is a technology-process company which licenses out its KGFS Brand along with the required technology, processes and tools to build community focused small financial institutions that serve remote rural communities in defined geographies (typically two Districts of India). While the licensees (KGFSs) are not banks themselves, like regular banks they operate through branches located inside remote villages and have the ability to offer comprehensive savings and loan services to individual consumers as well as local businesses and local governments. But, unlike regular banks, these institutions also offer a full range of financial services (savings, loans, investments, insurance, risk management, pensions) and use an internally developed wealth management approach that is an integral part of the manner in which they serve the local community – they even had to write their own textbook for this – Financial Engineering for Low Income Households (Financial Engineering for Low Income Households).

The organization thus far has 6 licensees which, between them, reach 12 Districts and serve about ~ 500,000 families in three States of India (Tamil Nadu, Uttarakhand, and Orissa). In order to support the rapid growth plan of the existing licensees as well on-boarding of new licensees in new geographies, we are looking to expand out our Wealth Management, Risk Management, and Technology and Training teams.

Business Requirement Analyst:

- Business requirement analyst is responsible for developing technical solutions to business needs. When focussed on requirement management, the position involves helping businesses implement technology solutions in a cost-effective manner by assessing business requirements and communicating clearly to all stakeholders.

- Business requirement analyst is also responsible for identifying support issues and providing long term solution for these.

Responsibilities:

Business Requirement Analyst is responsible for:

- Understanding business domain and business applications deployed currently to cater to user requirements.

- Identifying business processes which require improvements and drive changes by coordinating with all stakeholders.

- Working directly with business relationship managers to understand business requirements. Structure problems logically to arrive at solutions by coordinating with IT partners.

- Documenting, tracking and testing the functional and business specifications use cases provided by users.

- Managing process for user acceptance testing and testing of new system functionality

- Will be responsible for executing multiple projects.

- Willingness to travel to client locations to understand business operations. Client locations are remote rural parts of Tamilnadu, Uttarakhand, Orissa and Rajasthan.

- Self-driven and will be a part of high performance team and will be working with senior team for delivery.

Qualifications:

Skills:

- Strong analytical, written and verbal communication skills.

- Strong interpersonal skills & team player

- Strong attention to details

Knowledge:

- Good understanding about origination systems, workflows and core banking systems.

- Good understanding about programming languages and database.

Experience:

- Bachelor’s degree

- Minimum 2 years of experience in technology in financial services domain.