Business Analyst (Finance) Temp Role
Company Name:-
OakNorth Bank
Job Location:-
Gurgaon, Haryana
Job Summary:-
The origin storyIn 2005, our co-founders, Rishi Khosla and Joel Perlman, were looking for a working capital facility to support their growing business, Copal Partners, a financial research firm theyd founded three years previously.
They approached numerous high-street banks and kept getting variations of the same response the computer says No.
Despite being a profitable business with strong cash flow and retained clients, none of the commercial banks were willing to lend to them.
It was too small a ticket to offset the costs the bank would incur in doing a fundamental assessment of their business and structuring a finance facility for their needs.
A few months later through one of their institutional clients special situations desk, they managed to secure 100x the amount of debt for a dividend recap.
So, an institutional division of a bank was able to support them, but the commercial lending part of the bank was not.
This experience stuck with them.
After theyd scaled Copal Partners to a 3,000-employee business and sold it to Moodys Corporation (NYSE: MCO) in 2014, they then set out to address the funding gap they had experienced first-hand and help growth businesses achieve their potential.
Rishi and Joel wanted to first prove the proposition within their own bank in the UK OakNorth Bank before licensing it to other banks.
Job Responsibilities:As a Product Lead/ Senior BA for the Finance function, youll work closely with the Finance function and Technology teams (both internal & external) on initiatives that enables scalability/ productivity to the processes in the Finance function besides enabling simultaneous reduction of operational risk & enhanced process controls, to foster automated straight through processing.
Towards this, the incumbent is expected to:*Have a thorough understanding of Finance function and processes involved such as AR / AP, Payroll, Accounting, FP &A, Pricing, Regulatory Reporting, Treasury activities among othersLead workshops to capture the business processes / challenge status quo and map processes to the appropriate system, with an ability to articulate clearly on the why, what and howWork with relevant vendors / Fintechs to enable simplified user experience (both finance
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