Senior Functional Analyst Finacle Core Banking
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Key skills for this role
About the Role
VAM Systems is seeking a Senior Functional Analyst with Finacle Core Banking expertise for UAE operations. The role involves validating financial workflows, preparing test cases, and ensuring accurate financial reporting during a core banking migration.
Key Skills for This Role
Responsibilities
- Review and validate end to end financial workflows within Finacle Core Banking system
- Prepare, document, and execute functional test cases covering finance related scenarios
- Verify accuracy of accounting entries generated by Finacle across all banking products
- Participate in User Acceptance Testing (UAT) as Finance function representative
- Work closely with migration programme team to review functional design documents
- Identify and log functional gaps and accounting discrepancies
- Validate financial reports generated from Finacle for completeness and accuracy
- Support parallel run activities during migration by comparing outputs
- Liaise with Finance team, Operations, and Core Banking migration team
Requirements
- Experience with Finacle Core Banking system
- Strong understanding of banking accounting policies, chart of accounts, and reporting requirements
- Experience in preparing and executing functional test cases for finance scenarios
- Ability to verify accuracy of accounting entries across banking products
- Experience with User Acceptance Testing (UAT) and sign off processes
- Knowledge of regulatory reports, management accounts, and statutory statements
Full Job Posting
Job Description
- We are currently looking for Senior Functional Analyst Finacle Core Banking for our UAE operations with the following skill set and terms & conditions.
Main Responsibilities and Accountabilities
- Review and validate end to end financial workflows within the Finacle Core Banking system, ensuring alignment with bank's 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 bank's 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.
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