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SAP FICO -Deposits & Loans Expert Consultant - Saudi (onsite)

SAP FICO -Deposits & Loans Expert Consultant - Saudi (onsite)

Avensys ConsultingDelhi, IN
12 hours ago
Job description

Avensys is a reputed global IT professional services company headquartered in Singapore. Our service spectrum includes enterprise solution consulting, business intelligence, business process automation and managed services. Given our decade of success we have evolved to become one of the top trusted providers in Singapore and service a client base across banking and financial services, insurance, information technology, healthcare, retail and supply chain.

We are currently looking to hire a SAP FICO - Deposits & Loans Expert Consultant . The SAP Deposits & Loans Expert is responsible for leading end-to-end delivery of SAP Banking solutions covering Deposits Management and Loans Management. The role involves overseeing the implementation and optimization of customer account and lending products, ensuring regulatory compliance, operational accuracy, and full lifecycle support for banking operations.

This role requires expertise in SAP Banking Services (formerly BS 7.x), with a strong understanding of financial products, account structures, repayment plans, interest and fee handling, as well as integration with financial accounting. Direct engagement with banking clients is expected to gather requirements, map product behavior, and support production and audit-readiness.

Location : Riyadh,Saudi Arabia (onsite)

Contract : 12 months, extendable

Experience : 8+ years

Only immediate joiners will be considered for this opportunity.

Experience :

  • 8–12 years of SAP Core Banking experience, including at least 5 years in Deposits or Loans
  • At least 2 years in a managerial or lead functional role
  • Strong experience in commercial or retail banking projects involving SAP DM or CML
  • Proven involvement in design, testing, and support of account lifecycle management processes
  • At least 5 years of experience in the Banking sector
  • Technical & Functional Skills
  • Expertise in :
  • o Deposits Management : Product definition, condition groups, account lifecycle events
  • o Loans Management (CML) : Contract setup, payment schedules, interest calculation, prepayment
  • o Integration knowledge with BCA, GL, TRM, and collateral management
  • o Familiarity with posting controls, events, and SAP banking-specific mass activities
  • Understanding of financial accounting postings, valuation, and interest accruals
  • Exposure to regulatory frameworks (IFRS9, BCBS, AML / KYC) as relevant to account and loan handling
  • Ability to define and validate functional specifications for extensions
  • Role requires precision, accountability, and deep understanding of banking operations

Key Responsibilities

  • Lead implementation of SAP Deposits and Loans modules (SAP DM and SAP CML)
  • Design and configure customer account structures, loan contracts, payment schedules, and settlement rules
  • Define interest calculation methods, charges, conditions, and payment flows
  • Manage integration with FI-GL, BCA, TRM, and collateral management
  • Coordinate technical teams for posting logic, mass runs, and batch processing
  • Oversee regulatory and business reporting readiness (e.g., IFRS9, Basel compliance)
  • Conduct workshops, define blueprint documents, and validate functional specs
  • Ensure data migration and account conversion strategy is robust and audit-compliant
  • Lead UAT, system validation, and cutover planning
  • Provide go-live support, post-implementation tuning, and ongoing issue resolution
  • Required Qualifications & Skills
  • Education & Certifications
  • Bachelor’s degree in Finance, Information Systems, or related field
  • SAP Certification in Banking Services (Deposits or Loans Management) preferred
  • Project Management certification (PMP or equivalent) is a plus
  • Industry certifications in banking, lending, or risk are beneficial
  • WHAT’S ON OFFER :

    You will be remunerated with an excellent base salary and entitled to attractive company benefits. Additionally, you will get the opportunity to enjoy a fun and collaborative work environment, alongside a strong career progression.

    To submit your application, please apply online or email your UPDATED CV in Microsoft Word format to Swati.J@aven-sys.com Your interest will be treated with strict confidentiality.

    CONSULTANT DETAILS :

    Consultant Name : Swati Jaiswal

    Avensys Consulting Pte Ltd

    Email : Swati.J@aven-sys.com

    Whatsapp : +65 6761 9826

    Privacy Statement :

    We take your personal data protection seriously and adhere to both EU and local data protections regulations.

    Upon submission of your CV, you grant Avensys Consulting permission to retain your personal information in our electronic database, unless you specify otherwise. This data will be used to evaluate your suitability for current and potential job openings within our organization. Should you wish to have your personal data removed at any point, a simple notification to us will suffice.

    Rest assured, we will not disclose your personal information to any third parties, and we remain steadfast in our commitment to providing equal opportunities to all applicants.

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