Cobol Developer

About TCS:A purpose-led organization that is building a meaningful future through innovation, technology, and collective knowledge. We're #BuildingOnBelief.Tata Consultancy Services (TCS) is a global leader in IT services, digital and business solutions that partners with its clients to simplify, strengthen and transform their businesses. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. We ensure the highest levels of certainty and satisfaction through a deep-set commitment to our clients, comprehensive industry expertise and a global network of innovation and delivery centers. For more information, visit us at www.tcs.com.Job Responsibilities:Gap and Migration AnalysisUnderstanding gap/GAP Analysis between MINICORE (external) and Core Loan Business.Identify Core Parameters and applicability for Minicore.Prepare Data Mapping and validation.Prepare Core process mapping wrt parameterization applicable Prepare Migration business logic to bring Minicore data to Core Loans Module architecture.Validating Data migration process, define entry-exit criteria.Identify out-of-scope itemsLoans Core Business Logic and Lifecycle maintenance (all compare with existing process in HO Core)Minicore lifecycle maintenance, products and rate category, repayment etc business logic in Core.Accounting parameters for Txn maintenance.End of Day process fitment and financial data verificationRelevant Reports mapping for Minicore wrt existing Core ReportsReconciliation ProcessInterest rate, Fees and Charges parameterization setupNon-performance flow and collectibity (NPA).Interface with Core modules (Deposit etc) and external channels (if any).Financial Supply Chain Management Loan Interest accrual and amortization Adding daily-based terms and adjusting the loan lifecycle (i.e. establishing maturity dates, extending loans and reducing the remaining tenor).Developing the process for charging, paying, and recording discounted interest, including providing supporting data for the accounting system.Requirements:Bachelor’s degree in Information Technology, Computer Science, or related field.Minimum 5 - 10+ years of experience in the related scope of work.Loans core banking functional knowledgeAmortization and Collectability (NPA) FunctionalityExtensive Cobol development skills and functional understandingDeveloping the process for charging, paying, and recording discounted interest, including providing supporting data for the accounting system.Experience in validating Data migration process, define entry-exit criteria.Thank you for your interest in applying for this position with TCS. All applicants who meet the requirements will be considered equally and fairly for employment. TCS is an equal employment opportunity provider and does not differentiate applicants on any basis. If you are a person with a disability and need a reasonable accommodation to apply for this career opportunity, Please do connect with us on our linked In TCS Asia Pacific Handle and we will be happy to guide you further.We will review your application and will get back to you if we are considering your interest in this opportunity!