Functional Quality Assurance Analyst
First seen by Alion on Sep 24, 2026.
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.
- 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.
Skills
Software Quality Assurance, Test Case Writing, Functional Testing, System Testing, Defect/Bug Management Process, Test Analyst, Regression Testing