OFSAA Functional Analyst

Job Description – OFSAA Consultant

Experience: 3–8 Years

Location: Mumbai

Employment Type: Full-Time

Job Summary

We are looking for an experienced OFSAA Consultant with strong expertise in functional testing of Oracle Financial Services Analytical Applications (OFSAA), particularly Profitability Management and IFRS 9 applications. The candidate will be responsible for validating business functionalities, executing test scenarios, identifying defects, and ensuring application quality in line with business requirements.

Key Responsibilities

• Perform functional testing of OFSAA Profitability Management and IFRS 9 applications.
• Understand business requirements, functional specifications, and application workflows.
• Prepare and review test scenarios, test cases, and test data based on business requirements.
• Execute functional, regression, and integration testing.
• Validate application outputs, calculations, reports, and business rules against expected results.
• Perform data validation and reconciliation using SQL queries.
• Identify, document, track, and retest defects in coordination with development and business teams.
• Support defect triage, root-cause analysis, and issue resolution.
• Coordinate with business analysts, developers, and other stakeholders during testing cycles.
• Prepare test execution reports, defect summaries, and testing sign-off documentation.
• Support UAT activities and ensure timely closure of testing deliverables.

Required Skills and Qualifications

• 5–8 years of overall experience in IT, with relevant experience in OFSAA functional testing.
• Hands-on experience in functional testing of OFSAA Profitability Management and IFRS 9 applications.
• Good understanding of banking and financial services business processes.
• Knowledge of IFRS 9 concepts, including expected credit loss (ECL), impairment, and related calculations.
• Understanding of profitability management concepts, including cost allocation, profitability analysis, and financial calculations.
• Strong SQL skills for database validation and data reconciliation.
• Experience in test case preparation, execution, defect management, and regression testing.
• Good analytical, problem-solving, and communication skills.
• Ability to work independently and collaborate with cross-functional teams.

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