Finastra · 1 month ago
Principal Business Consultant (Loan IQ)
Finastra is a leading financial technology provider, and they are seeking a Principal Business Consultant to support software applications for clients. The role involves data analysis, system configuration, implementation support, and client engagement to ensure project success.
Responsibilities
Interact with client, consultatively, to determine project requirements and needs analysis
Establish and/or assist client with configuring system parameters and controls based on client’s business practices and processes; recommend best practices; review setup with clients and gain client acceptance
Conduct data analysis and mapping activities for assigned applications if applicable
Analyze source data files and map data to target application for use by technical resources to develop programs
Provide on-site or remote support during client conversions as applicable
Establish and/or assist client with establishing system parameters and controls based on client’s business practices and processes, recommend best practices, review setup with clients, and gain client acceptance
Conduct data mapping activities for assigned applications if applicable. Analyze source data files and map data to target application for use by technical resources to develop programs
Test and troubleshoot system configuration and functionality
Validate new system input, output, and connectivity. Identify, research, and assist in resolving any issues with technical resources
Facilitate converted database validation work sessions with clients as applicable
Assess and report risks during project and participate in the development and implementation of mitigation plans
Communicate project scope, status, and risks to all stakeholders
Record accurate and timely accounting of time spent on project related activities
Follow established project, departmental, company procedures and quality standards
Follow established project management standards. Provide activities related to the management of assigned implementation projects to bring the project to a timely close and transition the client appropriately
Complete post-implementation tasks in a timely manner
Update internal documentation as applicable
Provide subject matter expertise to internal staff including, but not limited to, sales, development, support, training, professional services as needed
Participate in the development of implementation or training content. Conduct software training and/or reinforce prior training to both external clients and internal staff
Maintain, enhance, and broaden knowledge and skills of software applications and industry practices
Serve as a subject matter expert (SME) on the Loan IQ platform
Lead Loan IQ implementation, integration, and migration projects
Ensure platform usage aligns with business needs and compliance standards
Conduct business and IT workshops to gather requirements
Collaborate with cross-functional teams to deliver tailored solutions
Act as a trusted advisor to clients and internal stakeholders
Analyze commercial lending and syndication processes
Write Business Requirement Documents (BRDs) and functional specs
Translate technical details into business context
Recommend best practices to improve loan operations and servicing
Support product transformation initiatives and innovation efforts
Align solutions with global financial regulations and trends
Address complex challenges with analytical and creative thinking
Assess business risks and propose mitigation strategies
Qualification
Required
Minimum of 10 years of experience in relevant area of expertise, preferably for a financial institution or an industry software company
Client facing service experience required
Software implementation, support, or training experience strongly preferred
Experience with project management disciplines preferred
Experience with Finastra Loan IQ
Company
Finastra
Finastra provides the broadest portfolio of financial services software.
H1B Sponsorship
Finastra has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (4)
2024 (4)
2023 (5)
2022 (11)
2021 (10)
2020 (12)
Funding
Current Stage
Late StageTotal Funding
$5.3BKey Investors
BIRD Foundation
2023-08-15Debt Financing· $5.3B
2022-04-04Series Unknown· $0.8M
2021-02-12Grant
Recent News
Business Standard India
2026-01-08
Company data provided by crunchbase