Business Analyst - Lending / LOS :: Onsite-IL-Need Locals :: W2 position

Business Analyst – Lending / Loan Origination System (LOS)

Location: Naperville, IL — LOCAL CANDIDATES ONLY
Experience: 6–8 years
Domain: Retail Lending / Business Analysis

Job Summary

We are seeking an experienced Business Analyst with strong Retail Lending and Loan Origination System (LOS) experience to support lending technology and transformation initiatives. The ideal candidate will have hands-on experience with loan origination, underwriting, credit assessment, lending operations, requirements gathering, stakeholder management, and UAT.

Local candidates to Naperville, IL only.

Key Responsibilities

• Collaborate with business stakeholders, underwriting, risk, compliance, and technology teams to gather, analyze, and document lending requirements.
• Create BRDs, FRDs, user stories, process flows, use cases, and gap analysis documentation.
• Analyze, configure, and support Loan Origination System (LOS) functionality, including loan applications, credit decisioning, underwriting, and loan booking.
• Support the end-to-end loan lifecycle, including application intake, credit assessment, underwriting, approval, documentation, funding, and servicing handoff.
• Drive lending process optimization, workflow automation, digitization, and Straight-Through Processing (STP) initiatives.
• Manage integrations between LOS platforms and enterprise systems such as Core Banking, CRM, AML/KYC, Credit Bureau, Risk, and Document Management solutions.
• Perform data analysis, validation, reconciliation, reporting, and dashboard development to improve lending operations and data quality.
• Lead SIT/UAT activities, support defect resolution, ensure regulatory compliance, and assist with successful production deployments.
• Facilitate stakeholder discussions and obtain stakeholder commitment on requirements, process changes, and proposed solutions.

Required Skills

1. Strong Lending / Retail Lending domain experience, including loan origination, underwriting, credit assessment, and lending operations.
2. Hands-on experience with Loan Origination Systems (LOS) such as Loan IQ, nCino, Encompass, Temenos, Pega, or similar platforms.
3. Strong Business Analysis experience, including requirements gathering, process modeling, documentation, stakeholder management, and UAT support.

Preferred Skills

• Experience with lending transformation and digital banking initiatives.
• Knowledge of workflow automation and Straight-Through Processing (STP).
• Understanding of AML/KYC, credit risk, operational risk, regulatory compliance, and lending policies.
• Experience integrating LOS platforms with Core Banking, CRM, Credit Bureau, Risk, and Document Management systems.
• Strong data analysis, validation, reconciliation, and reporting experience.
• Agile delivery experience is a plus.