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Oracle Lease Accounting Consultant

2 months ago

India Insight Global Full time

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.