QA Analyst- Loan IQ

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
• Calculation Validation

• 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

• 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
• Ability to collaborate effectively with Product, Engineering, BA, and QA teams
• Strong written communication for defect reporting and QA documentation

Experience or familiarity with:

• Syndicated loans
• Loan agency operations
• Loan IQ, ACBS, or similar loan servicing platforms
• Drawdowns, repayments, rollovers, and interest cycles
• RFR / SOFR / SONIA / EURIBOR calculations
• Fee accruals and billing processes
• Notices and loan lifecycle events
• Banking operations, middle office, or loan administration workflows

• JIRA
• Confluence
• Excel
• Figma
• TestRail / Zephyr / Xray or similar QA tools
• Postman (basic API testing)
• SQL (basic data validation)
• Browser Developer Tools for frontend issue investigation

Key Deliverables

• Detailed test cases and test scripts
• End-to-end workflow test packs
• Regression testing suites
• Defect logs with supporting evidence
• Calculation validation sheets
• UAT support materials
• QA summary reports
• Release readiness assessments
• Demo readiness validations

Success Criteria

• Quality and completeness of test cases
• Ability to identify defects before client demos or UAT
• Accuracy in calculation validation
• Timely defect retesting and closure
• Clear QA reporting and risk escalation
• Contribution towards stable releases and platform quality improvement
• Strong collaboration with Product, Engineering, BA, and Design teams

Skills: calculations,testing,fintech,test cases,uat coordination,regression testing,validation,qa automation,loan iq,banking