Key Responsibilities

1. 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.

2. Functional Testing

Perform testing across Digital Agency Platform workflows, including:

- 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

3. Calculation Validation

Validate business and financial calculations including:

- 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

4. 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

5. 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

6. 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
- Solid 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

Preferred Domain Knowledge

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

Preferred Tools Experience

- 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

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 QA Analyst- Loan IQ (Pune)
🏢 Victrix Systems & Labs
📍 Pune