Product Owner - Loan Management System (LMS)

Job Title: Product Owner – Loan Management System (LMS)

Experience: 10 – 15 Years

Domain: Banking & Lending

Product Type: Loan Management / Loan Servicing Platform

Role Overview

We are looking for a Product Owner – LMS with strong expertise in loan servicing systems, capable of owning the functional roadmap, backlog, and delivery alignment for a Loan Management System. The role requires a blend of banking domain depth, product thinking, and agile execution, working closely with engineering, architecture, QA, and business stakeholders.

Key Responsibilities

• Own the end-to-end product backlog for LMS modules covering:
• Loan lifecycle management
• Repayments, schedules, accruals, prepayments, restructuring
• Charges, fees, penalties
• Accounting definitions and GL mappings
• Loan events and servicing rules
• Support Integration requirements with Core Banking / Accounting Systems
• Act as the single point of accountability for LMS functional scope and priorities.
• Translate business and regulatory requirements into:
• User stories
• Functional specifications
• Acceptance criteria
• Prioritize backlog items based on business value, risk, dependencies, and delivery timelines.
• Ensure stories are clear, testable, and implementation-ready for development teams.
• Continuously groom and refine the backlog with stakeholders
• Act as a bridge between business and technology, ensuring functional intent is correctly implemented.
• Ensure adherence to SDLC and governance processes

Skills & Competencies

• 10 plus years of experience in banking / financial services with strong exposure to Loan Management Systems.
• Hands-on experience as a Product Owner / Business Analyst / Functional Lead for LMS or loan servicing platforms.
• Strong understanding of:
• Loan lifecycle and servicing processes
• Banking products and operations
• Accounting and financial flows in lending
• Exposure to multiple loan products (Retail, Corporate, MSME, Islamic lending, etc.).
• Ability to write clear user stories, acceptance criteria, and functional documents.
• Strong analytical, problem-solving, and decision-making skills.
• Ability to create and review:
• Functional Requirement Documents (FRD)
• User Stories and Acceptance Criteria
• Process flows and business rules

Educational Qualification

• Bachelor’s degree in Engineering, Technology, Finance, or related discipline
• (B.E. / B.Tech / B.Com / BBA / equivalent)
• MBA / PGDM (Finance / Operations / Systems) is a plus, but not mandatory.
• Strong grounding in banking, finance, and business processes.