Functional QA Analyst – Loanscape

Principle Pride; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Principle Pride is seeking a skilled Functional QA Analyst to join our Loanscape team in Mumbai. You will test loan servicing platforms, design test scenarios, and ensure end-to-end QA coverage across the loan lifecycle.

You will work with business analysts, developers, and stakeholders to implement effective test strategies, validate workflows from origination to repayment, and help improve QA processes in a financial services context.

Qualifications

• Hands-on QA/testing in structured finance, commercial lending, or loan servicing.
• Experience with Loan Management Systems such as CLS, ACBS, LoanIQ.
• Ability to write detailed test scenarios and test cases from requirements.
• Defect management using JIRA, HP ALM, or equivalents.
• Knowledge of loan servicing processes and financial instruments.
• Strong analytical, problem-solving, and attention to detail.
• Excellent cross-functional communication.

Responsibilities

• Design, write, and execute comprehensive test scenarios and test cases based on business requirements.
• Perform functional testing of Loan Management Systems for accuracy and compliance.
• Conduct defect logging, tracking, prioritization, and closure with dev and business teams.
• Collaborate with business analysts, developers, and stakeholders to translate requirements into test strategies.
• Validate loan origination, disbursement, repayment schedules, interest calculations and fees.
• Participate in test planning, estimation, and test summary reports.
• Ensure coverage across functional, regression, and integration testing phases.
• Identify and communicate QA risks and issues.
• Contribute to QA process improvements.

Skills

QA/testing in structured finance

Loan management systems

test scenarios and test cases

defect management

analytical thinking

communication skills

Agile / Scrum (nice to have)

Education

Bachelor's degree in Engineering/CS/Finance

Tools

CLS

ACBS

LoanIQ

JIRA

HP ALM

Job description

We are looking for a skilled and detail-oriented Functional QA Analyst with a strong background in structured finance and commercial lending to join our Loanscape team. The ideal candidate will bring hands-on testing expertise in loan servicing platforms and a thorough understanding of end-to-end QA processes within the financial services domain.

Key Responsibilities

• Design, write, and execute comprehensive test scenarios and test cases based on business and functional requirements in the structured finance / commercial lending domain.
• Perform functional testing of Loan Management Systems (LMS) to ensure accuracy, reliability, and compliance with business requirements.
• Conduct thorough defect management activities including defect logging, tracking, prioritization, and closure in coordination with development and business teams.
• Collaborate with business analysts, developers, and stakeholders to understand requirements and translate them into effective test strategies.
• Validate loan servicing workflows, including loan origination, disbursement, repayment schedules, interest calculations, and fee structures.
• Participate in test planning, test estimation, and preparation of test summary reports.
• Ensure test coverage across functional, regression, and integration testing phases.
• Identify, document, and communicate risks and issues related to quality and testing.
• Contribute to continuous improvement of QA processes and best practices.

Required Skills & Qualifications

• Strong hands-on experience in QA / Testing within structured finance, commercial lending, or loan servicing domains.
• Proficiency in Loan Management Systems such as CLS, ACBS, LoanIQ, or similar platforms.
• Demonstrated ability to write detailed, well-structured test scenarios and test cases from functional and business requirement documents.
• Solid experience in defect management using tools such as JIRA, HP ALM, or equivalent.
• Good understanding of loan servicing processes including syndicated loans, commercial loans, and related financial instruments.
• Strong analytical and problem-solving skills with keen attention to detail.
• Excellent communication skills with the ability to work effectively with cross-functional teams.

Good to Have

• Experience working in Agile / Scrum delivery environments.
• Familiarity with SQL for data validation and backend testing.
• Knowledge of regulatory and compliance requirements in the lending domain.
• Prior experience with automation testing tools is an added advantage.

Education

• Bachelor's degree in Engineering, Computer Science, Finance, or a related field.