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Finacle Core Banking
General
💰 Salary Not shared
📊 Market AED 15,000–AED 25,000/mo (AED 180,000–AED 300,000/yr)
About the Company
VAM Systems is a Business Consulting, Technology Solutions and Professional Services organization working with major organizations in USA, UAE, Bahrain, India, Singapore and Australia. Delivers leading edge information and communication technology based business solutions to enable our clients to continuously stay ahead and achieve sustainable profit and consistent growth by leveraging new channels of customer engagement and service delivery as well as better and efficient employment of resources and processes with measurable parameters for performance. While our local presence assists us in better understanding of the local needs, our global presence assist us to offer solutions strengthened by experience in leading markets globally. IT Services and IT Consulting Specialties: Cloud Computing, Amazon Web Services (AWS), Mobile Development, iOS Application Development, Android Application Development, Security Solutions- Premises Security & Information Asset Security, Big Data (Hadoop) Solutions, Digital Marketing Solutions
About the Role
We are currently looking for Senior Functional Analyst - Finacle Core Banking for our UAE operations
Responsibilities
- ● Review and validate end-to-end financial workflows within the Finacle Core Banking system, ensuring they align with the bank's accounting policies, chart of accounts, and reporting requirements.
- ● Prepare, document, and execute functional test cases covering Finance-related scenarios including General Ledger (GL) postings, account reconciliation, period-end closing, and financial reporting outputs.
- ● Verify the accuracy of accounting entries generated by Finacle across all banking products and transactions - including Loans, Deposits, Payments, and Cards - ensuring correct debit/credit treatment and GL mapping.
- ● Participate in User Acceptance Testing (UAT) as a key Finance function representative, reviewing test results and providing formal sign-off on finance-critical scenarios.
- ● Work closely with the migration programme team to review functional design documents, system configurations, and product programmes from a Finance and accounting perspective.
- ● Identify and log functional gaps, accounting discrepancies, or workflow deviations discovered during testing, and follow through to resolution with the technical and implementation teams.
- ● Validate that financial reports generated from Finacle - including regulatory reports, management accounts, and statutory statements - are complete, accurate, and consistent with the bank's requirements.
- ● Support parallel-run activities during migration by comparing outputs from the legacy system against Finacle to identify and resolve discrepancies.
- ● Liaise with the Finance team, Operations, and the Core Banking migration team to ensure all finance function requirements are captured, communicated, and addressed in the system.
Benefits
- ● Joining time frame: 2 weeks (maximum 1 month)
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