Business Analyst-Commercial Lending

<p><strong>Position:</strong> Business Analyst – Commercial Lending / Loan Servicing</p><p><strong>Location: </strong>Hybrid in Toronto</p><p><strong>Type:</strong> Contract</p><p><strong>Rate:</strong> $65-$70/hr</p><p><br></p><p><strong>Overview</strong></p><p>We are seeking an experienced <strong>Business Analyst</strong> with strong domain knowledge in <strong>Commercial Lending and Loan Servicing</strong>. The ideal candidate must have hands-on experience supporting loan servicing processes, with familiarity or direct exposure to <strong>ACBS (Advanced Commercial Banking System)</strong> considered a strong asset. This role requires deep understanding of commercial loan products, servicing workflows, and end-to-end system analysis.</p><p><br></p><p><strong>Key Responsibilities</strong></p><p><strong>Requirements Gathering & Analysis</strong></p><ul><li>Gather, document, and analyze detailed business, functional, and non-functional requirements.</li><li>Possess strong understanding of <strong>Commercial Lending</strong>, especially <strong>Loan Servicing</strong> operations and processes.</li><li>Analyze current-state workflows and systems within commercial lending and identify improvement opportunities.</li><li>Translate business needs into clear specifications, process flows, wireframes, and use cases.</li></ul><p><strong>ACBS-Specific Responsibilities (Preferred)</strong></p><ul><li>Understand and document <strong>ACBS system features</strong>, including data structures, screens, loan accounting logic, and servicing parameters.</li><li>Support mapping between legacy systems (e.g., <strong>AFS</strong>) and ACBS for data migration or integration activities.</li><li>Validate ACBS configurations, parameter setups, and functional behaviors to ensure alignment with business requirements.</li></ul><p><strong>Documentation & Communication</strong></p><ul><li>Develop business requirements documents (BRDs), functional specifications (FSDs), user stories, and acceptance criteria.</li><li>Conduct walkthrough sessions, requirement reviews, and clarification workshops with business and technical stakeholders.</li><li>Support UAT planning, execution, scenario validation, and defect management.</li></ul><p><strong>Cross-Functional Collaboration</strong></p><ul><li>Act as the primary liaison between business teams, technology groups, QA, operations, and external vendors.</li><li>Ensure all deliverables meet business objectives, compliance standards, and project timelines.</li><li>Coordinate across teams to resolve issues and ensure smooth project execution.</li></ul><p><strong>Qualifications</strong></p><ul><li>Proven experience as a Business Analyst within <strong>Commercial Lending, Loan Servicing</strong>, or related banking domains.</li><li>Strong understanding of commercial loan structures, servicing workflows, interest calculations, payment schedules, and accounting entries.</li><li>Experience with <strong>ACBS</strong> preferred; exposure to similar lending systems is an asset.</li><li>Strong analytical, documentation, and communication skills.</li><li>Experience working with cross-functional teams in fast-paced project environments.</li></ul><p><br></p><p><strong>Interested?</strong></p><p>Please share your updated CV</p><p><br></p><p>*AI may be used to screen, assess or select applicants for the position*</p><p>*This posting is for an existing vacancy with the organization.*</p><p></p>

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