QA Analyst- Loan IQ

Victrix Inc.; Maharashtra; On-site; INR 900,000 - 1,200,000; Full time

Job summary

Victrix Inc. is seeking an experienced QA professional in Maharashtra, India. Ideal candidates will have over 5 years of experience, particularly in financial services, and a strong focus on creating and executing test cases for various financial workflows.

The role includes regression testing, defect management, and UAT support. Attention to detail and strong analytical skills are essential for calculating validations and ensuring software integrity.

Qualifications

• 5+ years of QA experience, preferably in financial services.
• Strong expertise in functional testing and regression testing.
• Ability to create detailed test cases from business requirements.

Responsibilities

• Build detailed test cases from user stories and specifications.
• Execute regression testing before releases and maintain test suites.
• Log defects with clear steps and collaborate to resolve issues.

Skills

QA experience

Functional testing

Regression testing

Defect lifecycle management

UAT support

Analytical skills

Tools

JIRA

Job description

Key Responsibilities

Test Case Preparation

• Build detailed test cases from user stories, BRDs, PRDs, Figma screens, and functional specifications.
• Ensure test cases cover positive, negative, edge-case, and regression scenarios.
• Prepare end-to-end test scripts for agency workflows.
• Define clear expected results for each test scenario.
• Maintain and update test case repositories using JIRA, Excel, TestRail, Zephyr, or similar tools.

Functional Testing

• Deal setup and facility configuration
• Borrower, lender, agent, and participant setup
• Drawdown booking and utilisation tracking
• Rollover, repayment, prepayment, and cancellation workflows
• Interest rate setup and rate reset events
• Fee setup, accrual, billing, and payment processes
• Agency fees, commitment fees, utilisation fees, and other fee types
• Notice generation, approval, and distribution
• Covenant and obligation tracking
• Secondary transfer and position movement workflows
• Accounting entries, cash movements, and reconciliation validation

Validate Business And Financial Calculations

• Interest accrual calculations
• RFR calculations (daily simple, compounded, and term RFR)
• Fixed and floating interest rate structures
• Margin floors and base rate floors
• PIK and capitalisation of interest
• Default interest and penalty calculations
• Commitment and utilisation fee calculations
• Day-count conventions (ACT/360, ACT/365, 30/360)
• Multi-currency and FX-related scenarios
• Break costs, prepayments, and repayment schedules
• Compare system-generated outputs against manual calculations or approved calculation templates

Defect Management

• Log defects with clear reproduction steps, screenshots, expected vs actual results
• Classify defects by severity and priority
• Collaborate with developers, Business Analysts, and Product teams to resolve issues
• Retest fixes and verify issue resolution
• Track defects through closure before release or client handover

Regression & Release Testing

• Execute regression testing before releases
• Maintain regression test suites for critical workflows
• Validate that new changes do not impact existing functionalities
• Support smoke testing, sanity testing, and release readiness checks
• Provide QA sign-off and risk-based release recommendations

UAT & Client Demo Support

• Prepare UAT test packs for client validation
• Validate workflows before client demonstrations
• Identify functional gaps and usability issues before external release
• Prepare QA summary reports covering test coverage, defects, risks, and open issues
• Ensure client feedback is translated into testable requirements alongside Product and BA teams

Required Skills & Experience

• 5+ years of QA experience, preferably in financial services, lending, banking, fintech, or enterprise SaaS
• Strong expertise in functional testing, regression testing, defect lifecycle management, and UAT support
• Ability to create detailed test cases from business requirements and user stories
• Experience testing workflow-intensive platforms
• Strong analytical skills with focus on calculation validation
• Experience with JIRA or similar issue tracking tools