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Product Analyst

icon building Company : Source Bank
icon briefcase Job Type : Full Time

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Job Description - Product Analyst

Product Management:

  • Product Strategy & Roadmap: Define the product vision, strategy, and roadmap for digital channels (mobile app, USSD, internet banking) and internal operational tools in alignment with business goals.

  • Market Research: Conduct competitor analysis and market research to identify trends, customer pain points, and opportunities for innovation in the microfinance space.

  • Backlog Ownership: Own and prioritize the product backlog, balancing business value, technical feasibility, and regulatory requirements.

  • Performance Monitoring: Define Key Performance Indicators (KPIs) for products (e.g., adoption rates, transaction volumes, user satisfaction) and use data to drive iterative improvements.

  • Go -to -Market Support: Collaborate with marketing and operations to launch new features, create training materials, and ensure successful adoption by both staff and customers.

Business Analysis:

  • Requirements Elicitation: Work with stakeholders (Credit, Operations, Risk, Finance) to capture detailed functional and non -functional requirements for new features and system enhancements.

  • Process Optimization: Analyze current workflows within the Core Banking System (CBS) and lending processes, identifying bottlenecks and recommending automated solutions.

  • Documentation: Translate product vision into detailed user stories, Business Requirement Documents (BRDs), and Functional Specifications for the development team.

  • Stakeholder Communication: Act as the primary liaison between business units and the technical team, ensuring clear communication and managing expectations throughout the development cycle.

  • UAT Coordination: Define UAT test cases, coordinate testing with business users, and validate that delivered solutions meet the defined acceptance criteria.


Requirements

  • Experience: Minimum of 4 -7 years of combined experience as a Business Analyst and/or Product Manager, specifically within the Banking or Financial Services industry. Experience in microfinance or digital lending is highly preferred.

  • Product Skills:

    • Proven ability to define product strategy and manage a product roadmap.

    • Experience with product analytics tools and data -driven decision -making.

    • Familiarity with UX design principles and customer -centric development.

  • Technical & Analytical Skills:

    • Proficiency in SQL for data analysis and reporting.

    • Experience with Core Banking Systems (e.g., T24, Finacle, Flexcube, or any microfinance -specific platform).

    • Knowledge of API integrations, payment gateways (NIBSS, Remita), and digital channels.

    • Proficiency in product/project management tools.

  • Domain Knowledge: Deep understanding of lending operations, deposit mobilization, and regulatory compliance (Central Bank of Nigeria guidelines) as they relate to technology.

  • Soft Skills:

    • Strong leadership and influencing skills, with the ability to drive consensus among diverse stakeholders.

    • Excellent communication skills, capable of presenting to senior management and explaining technical concepts to non -technical users.

    • Highly organized, able to manage multiple products and projects simultaneously in a hybrid work environment.




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