Business Analyst / QA Consultant – Loan IQ (Finastra)
Arab SolutionsQatar23 hours ago
Full-timeResearch, Analyst +1
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Job Title: Business Analyst / QA Consultant – Loan IQ (Finastra)
Role Summary
The Business Analyst / QA Consultant will support implementation, enhancement, integration, and quality assurance of the Finastra Fusion Loan IQ system. The role combines business analysis, functional expertise, and QA/testing responsibilities to ensure Loan IQ solutions align with banking business requirements, regulatory standards, and system integration needs.
Key Technical & Functional Requirements
Loan IQ Experience
Role Summary
The Business Analyst / QA Consultant will support implementation, enhancement, integration, and quality assurance of the Finastra Fusion Loan IQ system. The role combines business analysis, functional expertise, and QA/testing responsibilities to ensure Loan IQ solutions align with banking business requirements, regulatory standards, and system integration needs.
Key Technical & Functional Requirements
Loan IQ Experience
- Minimum 5 years of hands-on experience with Finastra Fusion Loan IQ implementations, upgrades, or support.
- Strong understanding of Loan IQ framework, architecture, and data model.
- In-depth knowledge of Loan IQ Data Dictionary (version 7.7.x).
- Expertise in Loan IQ functional configurations and end-to-end process flows for syndicated and bilateral loans.
- Strong experience in RFR (Risk-Free Rate) functionality.
- Competent in Loan IQ SDK development, including:
- Inquiry Scripts
- Event Management
- Scripted APIs
- Scripted Batch Processing
- Expert knowledge of:
- SDK scripted batches
- Event triggers and controller events
- Inquiry APIs
- Ability to debug interface and functional issues effectively.
- Experience with nightly batch processing, loan processing, pricing, accruals, and accounting.
- Strong understanding of Loan IQ MX Payments.
- Expertise in GL generation through:
- Batch Accounting
- Online Accounting
- Solid knowledge of loan accounting, accruals, and financial postings.
- Customer Setup
- Deal & Facility Building
- Outstanding Creation
- Portfolio Management
- Secondary Sales
- Payments (Principal, Interest, Fees)
- Fee Types (Ongoing, Event, Administrative)
- Circles (Internal & External)
- Trade Ticket Entry
- Swaps and Collaterals
- Adhoc Queries and Ticklers
- Repayment Schedules
- Core Java / J2EE
- XML and REST APIs
- Oracle Database, including packages and stored procedures
- Review and analyze Business Requirement Specifications (BRS).
- Prepare functional specifications, test scenarios, and detailed test cases covering all scope areas.
- Perform SIT and UAT testing for Loan IQ and integrated banking systems.
- Conduct test scope analysis, regression testing, and test execution.
- Manage defect lifecycle, including logging, tracking, resolution, and reporting.
- Ensure accurate execution status reporting to stakeholders.
- Track and document changes to business and functional specifications.
- Validate system integrations with core banking and downstream systems.
- Provide technical and functional assistance in evaluating and improving banking systems and procedures.
- Coordinate with system analysts, developers, and vendors to design and enhance solutions.
- Prepare system business cycle specifications and manage calculation, posting, and control outputs.
- Create and support user documentation, procedures, and training materials.
- Answer application-related queries from internal teams and external stakeholders.
- Participate actively in performance review and operational meetings.
- Ensure strict compliance with data protection, confidentiality, and banking security standards.
- Bachelor’s degree in Finance, Computer Science, MIS, Engineering, Business Administration, or related field.
- Minimum 4 years of experience in banking system implementation or support.
- At least 3 years of IT experience, preferably in loan administration or core banking systems.
- Strong exposure to Loan IQ implementations, testing, or production support.
- Excellent verbal and written communication skills in English (Arabic preferred).
- Strong business process analysis and mapping skills.
- Excellent time management and ability to work under tight deadlines.
- Strong customer service orientation.
- Ability to collaborate effectively across teams and reporting hierarchies.
- Strong planning, organization, and task ownership.
- Ability to interact professionally with senior stakeholders and vendors.
- Strict adherence to banking ethics, code of conduct, and confidentiality policies.
Key Skills
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