Project lead - Syndicated loans module

Are you passionate about financial technology and enhancing customer experiences? Do you excel at solving complex challenges and cultivating a growth mindset in dynamic environments? If so, we would love to hear from you!

Project Lead - Syndicated Loans Module

About the role 

Syndicated loans are loans provided by a group of lenders (a syndicate) to a single borrower. These loans are typically large and enable the borrower a larger amount than one lender would be able to provide, while providing lenders with investment opportunities. As part of our diversification strategy, Finabank is increasing the volume of syndicated loans for which the bank is the Lead Arranger and the Agent Bank. The role of the Agent Bank is to manage payments during the lifetime of the loan and to report to Syndicate Members.

The growing number of syndicated loans has introduced the need for a software solution to manage the payment process and report to syndication members, that is, the activities that Finabank undertakes in its role as Lead Arranger and Agent Bank.  

Key Responsibilities

The project lead is responsible for:

• Project Planning & execution:
• Create a detailed project plan, outlining timelines and resources to ensure timely implementation of the syndicated loans module. 
• Lead the design, development, and implementation of the syndicated loans module.
• Provide monthly reports to senior management on the project's progress, including risks, roadblocks, and improvements.
• Core functionality:
• Loan Registration: register syndicated loans in an efficient and effective way.
• Interest Calculation: Calculate interest based on a set of rules.
• Installment Amount Calculation: Calculate the installment amount.
• Fee calculation: Calculate the several types of fees that belong to the syndicated loans product.
• Integration:
• Integrate the Syndicated Loans Module with the T24 core-banking system.
• Testing and validation:
• Perform rigorous testing to ensure system functionality, integration, performance, and security requirements are met.
• Conduct user acceptance testing (UAT) to validate system usability and workflow accuracy.
• Post-implementation support:
• Provide post-implementation support for troubleshooting and system optimization during the stabilization phase.
• Offer ongoing maintenance and updates as required.
• Change management: 
• Create and implement change management strategies to ensure successful adoption of new processes and systems by staff. 
• Conduct training sessions and develop user manuals for internal teams to facilitate the transition to new onboarding process.  
• Vendor management:
• Negotiating contracts to define terms and expectations.
• Monitoring performance to ensure vendors meet their obligations.

Deliverables

The following deliverables are expected from the Syndicated Loans Module implementation project:

• Project Plan: A detailed project plan, including timelines, milestones, and resource allocation.
• System Requirements Specification (SRS): A document that outlines all the functional and technical requirements.
• Design Documentation: Architecture, system design, and user interface design documents.
• Integration Plan: A plan detailing the integration of the new system with existing systems.
• Test Cases and Reports: Detailed test cases, testing reports, and user acceptance testing sign-offs.
• Training Materials: Comprehensive training materials, including videos, manuals, and guides.
• Implementation Report: A final report summarizing the project, lessons learned, and any open issues.
• Support Plan: Post-implementation support structure, including timelines and responsibilities.

What you bring to the table

Experience:

• 7+ years of experience in project management, digital transformation, or financial services, with a focus on loan syndication and corporate lending.
• Experience in driving organizational change, including training, communication, and agile software development and user adoption of innovative technologies.
• 5+ years of experience in banking.
• Experience in customer centricity and understanding the customer.
• Understanding of information security at level 3 or above as defined by SFIA (Skills Framework for the Information Age)

Skills:

• Strong understanding of customer onboarding in the financial sector and financial regulations.
• Strong analytical skills with the ability to leverage data for decision-making.
• Strong leadership skills to inspire and manage cross-functional teams.
• Experience in managing projects using lean or agile methodologies
• Ability to translate technical requirements into business-friendly language.

Why join Finabank?
This is more than a project; it’s an opportunity to drive innovation and shape the future of banking. Work with a passionate team and make a tangible impact on operations and customer experiences. 

Ready to lead the charge?
If you’re excited about making an impact and this role sparks your interest, we’d love to hear from you! Apply here: /over-finabank/werken-bij-finabank/