Junior Business Analyst - Financial Services

Placements24; Stellenbosch; On-site; ZAR 240,000 - 360,000; Full time

Benefits offered by this job

Structured training program

Mentorship program

Competitive entry-level salary

Medical aid

Provident fund contributions

Paid leave

Job summary

Placements24 is assisting a financial services client in Paarl, Western Cape to hire a Junior Business Analyst. The role offers an on-site position supporting senior analysts, documenting business requirements, and helping drive process improvements within financial operations.

You will work with business stakeholders and IT teams, gain exposure to a range of projects, and benefit from structured training, mentorship, and clear career growth.

Qualifications

• Bachelor's degree required or close to completion.
• 0–2 years in a business analysis, project support, or relevant financial services role.
• Basic understanding of business analysis principles and methodologies (e.g., Agile, Waterfall).
• Familiarity with the financial services industry is a significant advantage.
• Strong analytical and problem-solving skills.
• Excellent written and verbal communication skills.

Responsibilities

• Assist in eliciting, analyzing, and documenting business requirements from stakeholders.
• Support the creation of functional specifications, user stories, and process flows.
• Participate in workshops and meetings with business users and technical teams.
• Analyze current business processes and identify areas for improvement and efficiency gains.
• Assist in the testing and validation of new systems and solutions to ensure they meet business needs.
• Help manage project documentation and ensure its accuracy and completeness.
• Support senior business analysts in requirement prioritization and scope management.
• Facilitate communication between business stakeholders and the development team.
• Contribute to the development of training materials for end-users.
• Perform other project-related tasks as assigned by the project manager or senior business analyst.

Skills

Analytical thinking

Excellent communication

Problem solving

Attention to detail

MS Office

Agile

Waterfall

Education

Bachelor's degree in Business Administration, Information Technology, Finance, or related field

Tools

MS Office

Visio

Job description

About the Role

Our client, a dynamic player in the financial services sector, is looking for an eager and analytical Junior Business Analyst to join their team in Paarl, Western Cape. This role is perfect for individuals starting their career in business analysis or those with a foundational understanding of financial services who are looking to grow their expertise. You will be responsible for supporting senior business analysts in gathering and documenting business requirements, analyzing processes, and identifying opportunities for system and process improvements. The role requires excellent communication skills, a keen eye for detail, and a passion for problem-solving within the context of financial operations. You will gain exposure to a wide range of projects, working closely with business stakeholders and IT teams to facilitate the successful delivery of solutions. This position offers a structured career path, with ample opportunities for learning and professional development within a supportive team environment. The role is based at our Paarl, Western Cape office, demanding consistent on-site presence for effective team collaboration and stakeholder engagement. We are committed to nurturing talent and providing the necessary tools for success.

Key Responsibilities

• Assist in eliciting, analyzing, and documenting business requirements from stakeholders.
• Support the creation of functional specifications, user stories, and process flows.
• Participate in workshops and meetings with business users and technical teams.
• Analyze current business processes and identify areas for improvement and efficiency gains.
• Assist in the testing and validation of new systems and solutions to ensure they meet business needs.
• Help manage project documentation and ensure its accuracy and completeness.
• Support senior business analysts in requirement prioritization and scope management.
• Facilitate communication between business stakeholders and the development team.
• Contribute to the development of training materials for end-users.
• Perform other project-related tasks as assigned by the project manager or senior business analyst.

Requirements

• Bachelor's degree in Business Administration, Information Technology, Finance, or a related field.
• 0-2 years of experience in a business analysis, project support, or relevant financial services role. Internships or relevant academic projects will be considered.
• Basic understanding of business analysis principles and methodologies (e.g., Agile, Waterfall).
• Familiarity with the financial services industry is a significant advantage.
• Strong analytical and problem-solving skills.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Visio).
• Ability to learn quickly and adapt to new tools and processes.
• Detail-oriented with strong organizational skills.
• Eagerness to develop a career in business analysis within the financial sector.

Benefits

• Excellent foundation for a career in business analysis within the financial services industry.
• Structured training and mentorship program.
• Competitive entry-level salary with regular performance reviews.
• Medical aid and provident fund contributions.
• Exposure to diverse projects and key business areas within the company.
• Supportive and collaborative team environment conducive to learning.
• Opportunity to contribute to impactful business initiatives.
• Paid leave and other statutory benefits.