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Oracle RMCS Specialist

1 month ago

Hyderabad, Telangana, India Alignity Solutions Full time
Unlock Your Career Potential

We are seeking an experienced Oracle RMCS Specialist to join our team at Alignity Solutions. As a key member of our revenue management team, you will be responsible for configuring, implementing, and troubleshooting Oracle Revenue Management Cloud Service (RMCS) to support our clients' revenue recognition needs.

Key Responsibilities:
  1. RMCS Configuration and Implementation:
    • Configure RMCS modules to support various revenue recognition scenarios, including contracts, performance obligations, pricing, and invoicing.
    • Participate in end-to-end implementations, starting from requirements gathering, system setup, solution design, testing, and deployment.
    • Work closely with stakeholders to map business requirements into RMCS functionalities and suggest best practices for revenue recognition.
  2. Technical Troubleshooting and Issue Resolution:
    • Analyze, diagnose, and fix issues in RMCS configurations, data flows, and integration points.
    • Investigate and resolve defects or inconsistencies within the RMCS module and provide ongoing support and maintenance.
    • Create and modify configurations, scripts, and code to address specific technical requirements.
  3. Integration and Data Management:
    • Manage and configure the integration between RMCS and other applications such as Oracle E-Business Suite (EBS), ensuring data consistency and process alignment.
    • Design and implement data migration strategies and integration points for various use cases involving contracts and revenue.
  4. Revenue Recognition Compliance:
    • Ensure that RMCS configurations comply with revenue recognition standards such as ASC 606 / IFRS 15.
    • Implement revenue accounting rules, contract modifications, and handle complex revenue recognition scenarios in RMCS.
  5. Documentation and Testing:
    • Develop comprehensive documentation for configurations, customizations, and issue resolutions.
    • Create test cases, execute unit and system testing, and validate results to ensure seamless integration and functionality.
    • Conduct root cause analysis and implement proactive measures to minimize recurring issues.
  6. Cross-Functional Collaboration:
    • Collaborate with the finance, IT, and operations teams to understand revenue-related processes and implement suitable solutions.
    • Work with functional and technical teams to develop and enhance integration flows between RMCS, EBS, and other third-party applications.
  7. User Training and Support:
    • Provide end-user support and training on RMCS modules, guiding users through new functionalities, process flows, and system optimizations.
    • Act as the primary point of contact for RMCS issues and coordinate with Oracle support for complex technical problems.
Requirements:
  • 4 to 10 years of experience in Oracle RMCS (Revenue Management Cloud Service) with proven skills in both functional and technical areas.
  • Strong understanding of RMCS configuration, technical setup, and integration points with Oracle EBS.
  • Proficiency in RMCS configurations, revenue rules, and contract setups.
  • Good understanding of Oracle EBS modules like Order Management, AR, and GL.
  • Ability to write SQL queries, PL/SQL procedures, and experience with Oracle Integration Cloud (OIC) or similar integration tools.
  • Hands-on experience in handling scripts, data mapping, and custom technical developments.
  • Ability to troubleshoot complex technical issues and work independently to resolve them.
  • Knowledge of revenue recognition standards like ASC 606 / IFRS 15 is a must.
  • Bachelor's degree in Computer Science, Information Systems, Finance, or a related field.
Preferred Skills:
  • Prior experience in Oracle ERP implementations or RMCS upgrades.
  • Understanding of finance and accounting processes.
  • Exposure to Oracle Cloud Financials and other revenue management tools.
  • Certification in Oracle Revenue Management Cloud Service is a plus.
Personal Attributes:
  • Strong communication skills, both verbal and written.
  • Ability to work in a collaborative team environment.
  • Proactive, analytical mindset with a focus on continuous improvement.
Compensation:

Competitive salary based on experience and qualifications, with performance-based bonuses and benefits.



BenefitsAlignity Solutions is an Equal Opportunity Employer, M/F/V/D.