Business Analyst

Vauch Information Technology; Mumbai; On-site; INR 500,000 - 800,000; Full time

Job summary

Vauch Information Technology is hiring a Business Analyst (LOS/LMS) with 3–5 years' experience to gather requirements, draft BRD/FRD, and translate needs into functional specs for the development team. You should know the full lending lifecycle—from onboarding and origination to underwriting, disbursement, servicing and collections—and have exposure to banking, NBFC, or FinTech environments.

Based in Borivali, Mumbai, this is a full-time, office-based role.

Qualifications

• 3–5 years of BA experience in Banking/NBFC/FinTech or Lending
• Hands-on LOS/LMS experience across end-to-end lending lifecycle

Responsibilities

• Engage with stakeholders to understand, analyze, and document requirements.
• Conduct workshops and interviews for requirement gathering.
• Prepare BRD/FRD, User Stories, Use Cases, and process flows.
• Translate requirements into functional specs for development teams.
• Collaborate with Product Owners, Developers, QA, and PMs throughout SDLC.
• Support development with functional clarifications during implementation.
• Coordinate and support UAT and validate test cases.
• Perform impact analysis for enhancements and regulatory changes.
• Assist in production issue analysis and liaison with support teams.

Skills

Loan origination

LMS/LOS domain knowledge

Requirement gathering

BRD/FRD documentation

UAT coordination

Stakeholder management

SQL

Jira/Confluence/Azure DevOps

REST APIs

Process mapping

Education

Bachelor's degree in Engineering/CS/IT/Finance

MBA or equivalent postgraduate

Tools

Jira

Confluence

Azure DevOps

SQL

Job description

Job Description – Business Analyst (LOS / LMS)

Position: Business Analyst – Loan Origination System (LOS) / Loan Management System (LMS)

Experience: 3–5 Years

Location: Borivali, Mumbai (Work from Office)

Employment Type: Full-time

Job Summary

We are seeking a dynamic and detail-oriented Business Analyst with 3–5 years of experience in Loan Origination Systems (LOS) and Loan Management Systems (LMS). The ideal candidate will have hands-on experience in gathering and analyzing business requirements, preparing functional specifications, and working closely with business stakeholders and technical teams to deliver high-quality lending solutions.

The candidate should possess strong domain knowledge of the end-to-end lending lifecycle, including customer onboarding, loan origination, credit assessment, underwriting, disbursement, repayment, collections, and loan servicing. Experience in Banking, NBFC, or FinTech organizations will be highly preferred.

Key Responsibilities

• Engage with business stakeholders to understand, analyze, and document business requirements.
• Conduct requirement gathering sessions, workshops, and stakeholder interviews.
• Prepare comprehensive Business Requirement Documents (BRD), Functional Requirement Documents (FRD), User Stories, Use Cases, Process Flows, and Functional Specifications.
• Analyze existing business processes, identify gaps, and recommend process improvements.
• Translate business requirements into functional specifications for the development team.
• Work closely with Product Owners, Developers, QA teams, and Project Managers throughout the Software Development Life Cycle (SDLC).
• Support the development team by providing functional clarifications during implementation.
• Coordinate and support User Acceptance Testing (UAT), validate test cases, and ensure business requirements are met.
• Perform impact analysis for new enhancements, change requests, and regulatory requirements.
• Assist in production issue analysis and coordinate with support teams for resolution.
• Ensure successful implementation of lending solutions while maintaining quality standards.
• Prepare project documentation, user manuals, and training materials where required.
• Participate in Agile ceremonies such as Sprint Planning, Backlog Grooming, Daily Stand-ups, and Sprint Reviews.

Required Skills & Experience

Domain Expertise

• Minimum 3 years of Business Analysis experience in Banking, NBFC, FinTech, or Lending organizations.
• Hands-on experience with Loan Origination System (LOS) and/or Loan Management System (LMS) projects.
• Strong understanding of the complete lending lifecycle, including:
  • Customer Onboarding
  • KYC & CKYC
  • Loan Application Processing
  • Credit Bureau Integration
  • Credit Assessment
  • Underwriting
  • Loan Approval
  • Loan Disbursement
  • EMI Schedule
  • Loan Servicing
  • Collections & Recovery
  • Loan Closure
• Knowledge of retail lending products such as:
  • Personal Loans
  • Home Loans
  • Loan Against Property (LAP)
  • Business Loans
  • Vehicle Loans
  • Gold Loans (preferred)

Functional Skills

• Requirement Gathering
• Business Process Analysis
• BRD / FRD Documentation
• User Stories & Use Cases
• Gap Analysis
• Process Mapping
• Functional Specifications
• UAT Coordination
• Change Request Management
• Stakeholder Management
• Requirement Traceability
• Documentation Management

Technical Skills

• Working knowledge of SQL for data validation and analysis.
• Experience with Jira, Confluence, Azure DevOps, or similar project management tools.
• Understanding of REST APIs, JSON, and system integrations.
• Knowledge of Agile and Scrum methodologies.
• Proficiency in Microsoft Excel, Word, PowerPoint, and Visio.

Preferred Experience

• Experience working with one or more lending platforms such as:
  • Newgen LOS
  • Nucleus FinnOne
  • Finacle LOS
  • TCS BaNCS
  • Pennant Technologies
  • Yubi (CredAvenue)
  • Salesforce Financial Services Cloud
  • Custom-built LOS/LMS applications
• Experience integrating with:
  • Credit Bureaus (CIBIL, Experian, Equifax, CRIF)
  • eKYC / CKYC services
  • Payment Gateways
  • Banking APIs
  • Document Management Systems
  • OCR solutions

Soft Skills

• Excellent analytical and problem-solving skills.
• Strong verbal and written communication.
• Ability to manage multiple stakeholders across business and technology teams.
• Strong documentation and presentation skills.
• Ability to work independently as well as in a collaborative team environment.
• Good organizational and time management skills.
• Attention to detail and commitment to quality.

Educational Qualification

• Bachelor's degree in Engineering, Computer Science, Information Technology, Commerce, Finance, or a related discipline.
• MBA or equivalent postgraduate qualification is preferred.

Preferred Candidate Profile

• 3–5 years of Business Analysis experience with exposure to LOS/LMS implementations or enhancements.
• Strong understanding of banking and lending business processes.
• Experience working in Agile project environments.
• Ability to independently manage requirement gathering, documentation, and stakeholder communication.
• Prior experience in Banking, NBFC, or FinTech organizations is highly desirable.