About the Role

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.

- Robust 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.

📌 Functional QA Analyst – Loanscape (Mumbai)
🏢 Principle Pride
📍 Mumbai