LoanIQ Operation

Virtusa; Hyderabad; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Virtusa HYD Campus, Hyderabad seeks an experienced Operations Analyst to perform daily operational activities within Loan IQ, including loan booking, servicing, rate resets, rollovers, repayments, and fee processing. The role requires a detail-oriented professional who can monitor and reconcile loan transactions, investigate discrepancies, and support various loan lifecycle events.

Collaborative work with front office, finance, risk, and compliance is expected, with involvement in UAT and system

Qualifications

• Experience with Loan IQ for loan booking and servicing.
• Knowledge of loan lifecycle events including drawdowns, repayments, amortizations, restructures, and renewals.
• Strong communication skills with clients and internal teams.
• Experience with UAT, regression testing, and validating system upgrades.

Responsibilities

• Perform daily operational activities within Loan IQ, including loan booking, servicing, rate resets, rollovers, repayments, and fee processing.
• Monitor and reconcile loan transactions and positions between Loan IQ and internal/external systems.
• Investigate and resolve exceptions or discrepancies in a timely and accurate manner.
• Support loan lifecycle events such as drawdowns, repayments, amortizations, restructures, and renewals.
• Work with internal teams (front office, finance, risk, compliance) to resolve operational queries related to loans.
• Assist in UAT, regression testing, and validation of system upgrades or configuration changes in Loan IQ.
• Maintain accurate documentation of processes, procedures, and control checklists.
• Participate in process improvement initiatives to enhance operational efficiency and control.

Skills

Commercial Lending

Loan IQ

Loans

Communication

UAT

Education

Bachelor's degree in Finance

Job description

Job Requirements

Operations Analyst

Location

HYD Campus, Hyderabad

Years of Experience

10-15 Years

Job Summary

We are seeking a skilled Operations Analyst to perform daily operational activities within Loan IQ. The ideal candidate will be responsible for loan booking, servicing, rate resets, rollovers, repayments, and fee processing. This role requires a detail-oriented individual who can monitor and reconcile loan transactions, investigate discrepancies, and support various loan lifecycle events.

Responsibilities

• Perform daily operational activities within Loan IQ, including loan booking, servicing, rate resets, rollovers, repayments, and fee processing.
• Monitor and reconcile loan transactions and positions between Loan IQ and internal/external systems.
• Investigate and resolve exceptions or discrepancies in a timely and accurate manner.
• Support loan lifecycle events such as drawdowns, repayments, amortizations, restructures, and renewals.
• Work with internal teams (front office, finance, risk, compliance) to resolve operational queries related to loans.
• Assist in UAT, regression testing, and validation of system upgrades or configuration changes in Loan IQ.
• Maintain accurate documentation of processes, procedures, and control checklists.
• Participate in process improvement initiatives to enhance operational efficiency and control.

Mandatory Skills

• Commercial Lending - Excellent in Commercial Lending
• Loan IQ - Experience in Loan IQ
• Loans - Support loan lifecycle events such as drawdowns, repayments, amortizations, restructures, and renewals.
• Communication - Good communication skills as the resource needs to interact with clients & teams.
• UAT - Assist in UAT, regression testing, and validation of system upgrades or configuration changes in Loan IQ.

Preferred Skills

• Payments - Good knowledge in Payments.
• SQL - Good knowledge in SQL for data analysis.

Qualifications

Bachelor's degree in Finance, Business Administration, or a related field.

Work Experience

10-15Years