Job Title: Migration Business Analyst – Transact T24 Specialist
Location: IN / CH
Reports To: Migration Design Lead
Employment Type: Full-time / SubCon

Role Summary:

The T24 Business Analyst will play a key role in supporting the analysis, design, testing, and implementation of data migration initiatives within the bank’s core banking platform, Temenos T24 (now known as Transact). The candidate must possess strong functional expertise in T24, particularly around financial accounting processes, GL integration, and reconciliation of T24-generated entries to the General Ledger.

This position requires deep understanding of how transactions posted in T24 impact the general ledger and the ability to ensure accuracy, completeness, and auditability through robust reconciliation frameworks. The analyst will work closely with IT teams, finance controllers, auditors, and external vendors during system upgrades, data conversions, integrations, and regulatory change projects.

Key Responsibilities:

1. Data Migration Support:
   • Analyse source data structures and map them accurately to T24 target formats.
   • Define transformation rules, cleansing strategies, and validation checks for data migration from legacy systems into T24.
   • Collaborate with technical teams on extraction, transformation, and loading (ETL) processes.
   • Design and execute comprehensive test plans including unit testing, system integration testing (SIT), and User Acceptance Testing (UAT).
   • Ensure migrated transactional and master data maintains integrity across modules such as Deposits, Loans, Payments, and Accounting.
2. Financial Reconciliation Expertise:
   • Investigate and resolve discrepancies between sub-ledgers in T24 and the General Ledger (GL).
   • Develop and implement automated reconciliation controls between T24 journal entries and downstream accounting systems.
   • Understand and validate posting logic used by T24 when generating GL entries (e.g., via POSTING service, JOURNAL records, event accounting).
   • Identify root causes of breaks related to timing differences, missing accounts, incorrect COA mapping, or erroneous reversal logic.
   • Work with Finance and Control functions to enhance transparency and reporting of reconciled positions.
3. Functional Analysis & Requirements Gathering:
   • Elicit and document detailed business requirements related to accounting events, chart of accounts structure, tax treatments, intercompany settlements, and month-end close procedures.
   • Translate business needs into functional specifications for developers and testers.
   • Provide subject matter expertise on T24's accounting engine, especially regarding dual currency handling, provision of reversals, suspense account management, and error correction workflows.
4. Testing & Quality Assurance:
   • Lead end-to-end scenario testing involving transaction origination in T24 through to correct reflection in GL reports.
   • Validate that all financial adjustments, fees, interest calculations, and accruals result in accurate GL postings.
   • Prepare reconciliation reports pre- and post-go-live to confirm data consistency.
5. Compliance & Audit Readiness:
   • Support internal and external audits by providing evidence of proper data lineage and control effectiveness.
   • Contribute to documentation of accounting policies, system configurations, and standard operating procedures (SOPs).
6. Stakeholder Collaboration:
   • Act as a bridge between business users (Finance, Treasury, Operations), IT delivery teams, and third-party consultants.
   • Facilitate workshops and training sessions on T24 financial processes and reconciliation best practices.

Required Qualifications and Experience:

• Bachelor’s degree in Finance, Information Systems, Computer Science, or a related field.
• Minimum of 10+ years’ experience and a part of it working with Temenos T24, preferably in a financial services environment.
• Proven hands-on involvement in data migration projects within T24 implementations or major releases.
• Strong functional knowledge of T24 accounting architecture, including:
  • Event/Accounting Entries framework (EVENT.CLASS, ACCOUNTING)
  • Journal creation and GL interface mechanisms
  • Chart of Accounts (COA) setup and integration
  • Dual currency and multi-GAAP considerations
• Demonstrable experience designing and troubleshooting reconciliation solutions between T24 and external ledgers (e.g., SAP, Oracle, or proprietary systems).
• Familiarity with SQL or similar query tools to extract and analyse T24 data (SELECT, EXTRACT, etc.).
• Understanding of financial regulations impacting recordkeeping and reporting (e.g., IFRS, local GAAP, Basel III implications).
• Excellent analytical, communication, and problem-solving skills.

Preferred Skills:

• Certification in Temenos T24 or completion of official T24 training programs.
• Exposure to TAFJ/TASR development environments.
• Experience with tools like ReconcileX, SmartStream TLM, or other reconciliation platforms.
• Knowledge of SWIFT messages, payment schemes, and trade finance operations.

Success Criteria:

• Successful delivery of clean data migrations with zero critical post-go-live issues.
• Reduction in unreconciled items between T24 and GL over time.
• Improved automation and monitoring of reconciliation processes.
• High satisfaction from stakeholders due to clear communication and effective issue resolution.