Oracle Lease Accounting Consultant
1 month ago
Compensation: 12 - 52 LPA (fixed)
Required Qualifications:
-Minimum of 3 years of in-depth knowledge of Oracle Fusion Lease Accounting and its integration with other Oracle Fusion modules, Accounting Compliances ASC 842 and IFRS 16, Different Leases/Scenarios like sublease and ownership transfer.
-Proven project management skills and experience in leading complex IT projects.
-Excellent analytical and problem-solving skills
-Strong communication and interpersonal skills for effective collaboration with cross-functional teams
Preferred Qualifications:
• Oracle Cloud Certification.
• Experience in consulting or a client-facing role in a similar industry
Key Responsibilities:
Implementation and Configuration:
-Implementation of Oracle Lease Accounting, including requirement gathering, system configuration, and testing.
-Customize and configure rules and setups to meet business needs.
-Collaborate with IT teams to integrate Lease Accounting with other Oracle cloud modules (e.g., -Account Payables and Receivables, Fixed Assets, Item Master, Suppliers).
-Monitor and manage amortization of operating and finance leases in compliance with ASC 842 and IFRS 16
-Set up and maintain system options, payment templates, discount rate indexes and approval rules -to enable leasing capabilities as per business requirements.
-Design solutions to integrate Oracle Lease Accounting with external boundary systems and facilities tools.
Process Optimization:
-Identify and recommend process improvements to ensure accurate lease accounting from Lessee, Lessor and sublease POV.
-Work with cross-functional teams to streamline new lease contract creation, activation and conversion processes.
-Develop and implement best practices for order lease accounting.
Reporting and Analytics:
-Develop and generate reports related to lease accounting in compliance with GAAP.
-Analyze data to identify trends and make data-driven recommendations.
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