Senior Functional Analyst Core Banking

Nair Systems LLC; Dubai; On-site; AED 360,000 - 480,000; Full time

Job summary

Nair Systems in the UAE invites applications for a Senior Functional Analyst Core Banking to support the Finance Division during the banks migration to the Finacle Core Banking system.

The role will validate financial workflows, accounting entries, and reporting processes, ensuring end-to-end accuracy before go-live, and will coordinate with the migration programme team on design, configuration, and testing.

Joining time frame: 2 weeks to a maximum of 1 month, with thorough UAT involvement.

Responsibilities

• Review and validate end-to-end financial workflows within the Finacle Core Banking system ensuring they align with the banks accounting policies chart of accounts and reporting requirements.
• Prepare document and execute functional test cases covering Finance-related scenarios including General Ledger (GL) postings account reconciliation period-end closing and financial reporting outputs.
• Verify the accuracy of accounting entries generated by Finacle across all banking products and transactions including Loans Deposits Payments and Cards ensuring correct debit/credit treatment and GL mapping.
• Participate in User Acceptance Testing (UAT) as a key Finance function representative reviewing test results and providing formal sign-off on finance-critical scenarios.
• Work closely with the migration programme team to review functional design documents system configurations and product programmes from a Finance and accounting perspective.
• Identify and log functional gaps accounting discrepancies or workflow deviations discovered during testing and follow through to resolution with the technical and implementation teams.
• Validate that financial reports generated from Finacle including regulatory reports management accounts and statutory statements are complete accurate and consistent with the banks requirements.
• Support parallel-run activities during migration by comparing outputs from the legacy system against Finacle to identify and resolve discrepancies.
• Liaise with the Finance team Operations and the Core Banking migration team to ensure all finance function requirements are captured communicated and addressed in the system.
• Contribute to the preparation of test plans test scripts and sign-off documentation as required by the migration programme governance framework.

Job description

Nair Systems is currently looking for Senior Functional Analyst Core Banking for our UAE operations with the following Skill set and terms & conditions.

Job Purpose:

The purpose of this role is to support the Finance Division during the banks migration to the Finacle Core Banking system. The incumbent will act as a functional team member bridging the Finance function and the migration program validating that all financial workflows accounting entries and reporting processes work accurately in the new system. The role involves preparing and executing test cases verifying end-to-end functional scenarios reviewing accounting treatment within Finacle and ensuring the finance teams requirements are fully met prior to go-live.

Main Responsibilities and Accountabilities:

• Review and validate end-to-end financial workflows within the Finacle Core Banking system ensuring they align with the banks accounting policies chart of accounts and reporting requirements.
• Prepare document and execute functional test cases covering Finance-related scenarios including General Ledger (GL) postings account reconciliation period-end closing and financial reporting outputs.
• Verify the accuracy of accounting entries generated by Finacle across all banking products and transactions including Loans Deposits Payments and Cards ensuring correct debit/credit treatment and GL mapping.
• Participate in User Acceptance Testing (UAT) as a key Finance function representative reviewing test results and providing formal sign-off on finance-critical scenarios.
• Work closely with the migration programme team to review functional design documents system configurations and product programmes from a Finance and accounting perspective.
• Identify and log functional gaps accounting discrepancies or workflow deviations discovered during testing and follow through to resolution with the technical and implementation teams.
• Validate that financial reports generated from Finacle including regulatory reports management accounts and statutory statements are complete accurate and consistent with the banks requirements.
• Support parallel-run activities during migration by comparing outputs from the legacy system against Finacle to identify and resolve discrepancies.
• Liaise with the Finance team Operations and the Core Banking migration team to ensure all finance function requirements are captured communicated and addressed in the system.
• Contribute to the preparation of test plans test scripts and sign-off documentation as required by the migration programme governance framework.

Joining time frame: 2 weeks (maximum 1 month)