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Lease Accounting Expert

1 month ago

Delhi, Delhi, India Insight Global Full time
Job Description:

We are seeking an experienced Lease Accounting Expert to join our team as an Oracle Cloud Specialist.

Key Responsibilities:

Implementation and Configuration:

  • Implement 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.

This role requires a strong understanding of Oracle Fusion Lease Accounting and its integration with other Oracle Fusion modules. The ideal candidate will have a proven track record of implementing and configuring complex IT projects, excellent analytical and problem-solving skills, and strong communication and interpersonal skills for effective collaboration with cross-functional teams.

Requirements:

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.
Benefits:

As an Insight Global employee, you can expect a competitive salary range of $120,000 - $520,000 per year, based on location and experience. In addition to a salary, you will receive comprehensive benefits, including health insurance, retirement savings plans, and paid time off.