Oracle Lease account Consultant

Responsibilities

• Ability to deliver under strict timelines. Good communication and customer-facing skills
• Lead requirement gathering and solution design for lease accounting processes.
• Configure Lease Accounting Cloud including:
• Lease Creation and Amendments
• Lease Activation and Termination
• Rent Escalations
• Variable Lease Payments
• Short-Term and Long-Term Lease Classification
• Subleases
• Configure lease accounting treatments including:
• Right-of-Use (ROU) Assets
• Lease Liability Calculations
• Amortization Schedules
• Interest Accruals
• Support migration of lease data from legacy systems and third-party lease applications.
• Design integrations with AP, GL, Fixed Assets, and Cash Management.
• Prepare accounting and disclosure reports for compliance requirements.
• Conduct testing, reconciliation, training, and go-live support activities.
• Support audit requests and lease accounting governance processes.

Additional Responsibilities

• Ability to develop value-creating strategies and models that enable clients to innovate, drive growth and increase their business profitability
• Good knowledge on software configuration management systems
• Awareness of latest technologies and Industry trends
• Logical thinking and problem solving skills along with an ability to collaborate
• Understanding of the financial processes for various types of projects and the various pricing models available
• Ability to assess the current processes, identify improvement areas and suggest the technology solutions
• One or two industry domain knowledge
• Client Interfacing skills
• Project and Team management

Technical and Professional Requirements

• 5+ years of Oracle Financials experience with at least 1–2 Lease Accounting cloud end-end implementations.
• Strong knowledge of ASC 842 and IFRS 16.
• Experience with lease lifecycle management and lease accounting processes.
• Understanding of AP, GL, Fixed Assets, and Subledger Accounting.
• Good awareness of the available Out-of-the-box (OOTB) integrations in Oracle Lease accounting.
• Thorough understanding of upstream process flows with which lease accounting has integration.

Preferred Skills

• Oracle Cloud Finance
• Oracle Fusion Finance

Educational Requirements

Master Of Comp. Applications,Master Of Commerce,Master Of Engineering,Master Of Technology,Bachelor Of Comp. Applications,Bachelor Of Commerce,Bachelor of Engineering,Bachelor Of Technology