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Business Analyst III

Company: defi Solutions
Location: Lansing
Posted on: January 25, 2023

Job Description:

About defi SOLUTIONS:

It's an exciting time to join defi!

defi SOLUTIONS partners with captives, banks, credit unions, and finance companies of all types and sizes to allow lenders to focus and transform their operations. The company's comprehensive suite of originations, servicing, and analytics solutions together with technology-enabled processing services creates a flexible, configurable, and scalable platform that addresses lenders and borrowers ever-evolving needs. defi SOLUTIONS combines the expertise of defi SOLUTIONS and the former Sagent Auto Lending with the backing of Warburg Pincus, Bain Capital Ventures and Fiserv.

About the Role:

The Business Systems Analyst serves as a subject matter expert to define both business and software solutions to meet the needs of our Clients and Internal Product Managers. The role includes many diverse responsibilities ranging from initial analysis of both External and Internal Client needs through the delivery of the software solution. The Business Analyst is responsible for capturing project requirements, designing comprehensive solutions, and ensuring that the end deliverables satisfy the Client's objectives and expectations.

The Business Analyst works closely with other members of the project team to include supporting the Development and Quality Assurance Teams inclusive of supporting activities through the deployment of the Project.

Essential Job Responsibilities:

* Strong Product and Industry knowledge.
* Acts as the Subject Matter Expert on defi SERVICING, Accounting Engine and/or Credit Bureau Processing inclusive of the related configuration.


* Spearheads the conversations in identifying and understanding opportunities and configures the process and/or the system to enhance the organization; proactively identify system related process improvements.
* Responsible in working with Clients to explain table structure associated with conversion data mapping.
* Responsible for Conversion reconciliations.
* Leads design sessions and helps to determine the design the solution to the project request.
* Ability to elicit, analyze and record required business functionality and non-functionality requirements to ensure the success of a system or software development project
* Act as the liaison between all business units and the Technology team by interviewing, understanding and analyzing the needs of our customers and clients
* Creates detailed Business Specifications including but not limited to the following: current and desired state business process models, develop uses cases and/or user stories, defined business rules and preferences, proposed prototypes, and acceptance criteria

Additional Job Responsibilities:

* Under general supervision, prepares business specifications from which technical specifications are formulated.
* Conduct preliminary investigation for project requests.
* Develop detailed Requirement documents and overall workflow.
* Review requirements with the Project/Delivery Team so that they gain an understanding of the specifications.
* Provide support to the Project/Delivery Team (On-shore and Off-shore) as the specifications are developed and tested.
* Participate in Test Plan reviews to verify that the Test Case scenarios satisfy the requirements.
* Provides support to the Client Services and Implementation Teams inclusive of demoing the new functionality to the Teams.
* Conducts analysis of business goals, objectives, and needs of the business environment.
* Strong communication skills.
* Strong Client facing skills.
* Makes recommendations to improve business processes. Assist in root cause analysis in order to recommend product enhancements or other appropriate actions to improve productivity for business units.
* Utilize systems and data to resolve business related analysis and research to support business goals.
* May provide financial or operational business-related analysis and research to support business goals.
* Leads a Team of Business Analysts and assists them in developing their requirements.
* Decision Making / Problem Solving*
* Uses limited independent judgement to make decisions based on precedents and established guidelines.
* Knows when to refer issues to supervisor and when to handle the issues.
* Provides some supportive advice with limited impact on the use of resources.
* Impact on resources limited to assigned department.

16. Sound knowledge of US GAAP, particularly pertaining to consumer lending, finance, and leasing.

17. Familiarity with FASB and Federal Reserve System standards related to consumer automobile lending and leasing.

18. Working knowledge of sales and use tax accounting and reporting processes for US and Canada

19. Basic understanding of income tax accounting and concepts, including asset depreciation and book income versus tax income timing differences

20. Working knowledge of basic lending financial calculations, including but not limited to: lease and loan payment calculations, future value calculations, present value calculations, and APR calculations.

The above statements are intended only to describe the general nature of the job and should not be construed as an all-inclusive list of position responsibilities.

Required Qualifications:

* Bachelor's degree in business, accounting, computer science and/or related field required.
* Minimum Job-Related Experience: 5-8 years work-related experience.
* Excellent time management skills including the ability to manage competing priorities
* Ability to establish and maintain effective working relationships with managers and associates, along with working with external clients and vendors
* Ability to interpret and communicate the needs of the business and the systems team effectively to all stakeholders, focusing on the "what" and the "why", not the "how"
* Understands and applies the appropriate use of various analysis techniques (textual formats, models, diagrams, and matrices)
* Demonstrated ability to evaluate and prioritize many tasks against limited development resources
* Knowledge of project management principles, practices, techniques, and tools
* Success presenting information to technical and non-technical staff in a manner facilitating understanding by the intended audience
* Solid written skills to document needs accurately for delivery of a quality product
* Effectively recognizes opportunities beyond the underlying business needs and issues
* Demonstrated ability to work well in a team environment

Preferred Qualifications:

* Auto Finance Industry Knowledge is preferred.
* Prior Retail and/or Lease Conversion experience is preferred.
* SQL knowledge is preferred.
* Agile methodology knowledge is preferred.

Travel Required:

* 10%

Affirmative Action/EEO statement:

defi SOLUTIONS is an Equal Opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.

Keywords: defi Solutions, Lansing , Business Analyst III, Professions , Lansing, Michigan

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