Business Analyst / QA Consultant – Loan IQ (Finastra)

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

• 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.
  
  

Loan IQ SDK & Integration

• 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.
  

Payments, Accounting & GL

• 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.
  

Loan IQ Modules (Expert Level)

• 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
  
  

Technology Stack

• Core Java / J2EE
• XML and REST APIs
• Oracle Database, including packages and stored procedures
  
  

Business Analysis & QA Responsibilities

• 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.
  
  

Operational & Support Responsibilities

• 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.
  
  

Education & Experience

• 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.
  
  

Required Soft Skills

• 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.
  
  

Skills: rfr,sdk development,rest apis,xml,stakeholders,architecture,data model,system analysts,java,gl generation,loan iq framework