Federal Reserve System
Website:
selectminds.com
Job details:
Job Description
We are seeking an experienced
Oracle Fusion ERP Lease Accounting Functional Consultant to lead the implementation, enhancement, and support of Oracle Fusion Lease Accounting and Lease Management solutions. The primary focus of this role is to ensure
IFRS 16 compliant lease accounting within Oracle Fusion ERP.
Oracle Lease Management will be used primarily as a
lease contract repository, with limited operational usage. The consultant will work closely with Finance, Accounting, Compliance, and technical teams to design compliant lease accounting processes, validate accounting outputs, support close activities, and enable audit-ready reporting.
Responsibilities
- Lead the implementation, configuration, testing, enhancement, and support of Oracle Fusion Lease Accounting.
- Design and configure IFRS 16 compliant lease accounting processes across the lease lifecycle.
- Configure and validate Right-of-Use asset recognition, lease liability calculations, amortization schedules, remeasurement, reassessment, depreciation schedules, and interest expense calculations.
- Configure and validate accounting event generation and Oracle Fusion Subledger Accounting for lease accounting transactions.
- Support month-end, quarter-end, and year-end lease accounting close processes.
- Validate accounting entries, reconciliations, and reporting outputs between Lease Accounting, General Ledger, Fixed Assets, and Accounts Payable.
- Support statutory reporting, management reporting, regulatory compliance, and audit readiness related to lease accounting.
- Collaborate with Finance and Accounting teams to resolve issues, improve processes, and ensure alignment with financial controls and compliance requirements.
- Qualifications & Skills
- Mandatory
- 5+ years of Oracle ERP experience.
- 3+ years of Oracle Fusion Lease Accounting implementation and support experience.
- Strong understanding of IFRS 16 lease accounting requirements.
- Experience configuring lease accounting calculations, depreciation, amortization, remeasurement, and reassessment schedules.
- Hands-on experience with Oracle Fusion Financials modules, including General Ledger, Accounts Payable, and Fixed Assets.
- Strong knowledge of Oracle Fusion Subledger Accounting.
- Ability to validate lease accounting entries, reconciliations, accounting events, and financial reporting outputs.
- Strong collaboration skills with Finance, Accounting, Compliance, Technical, and Customer teams.
- Good-to-Have
- Oracle Fusion Financials Cloud Certification.
- Accounting qualification such as CA, CPA, CMA, or ACCA.
- Experience with lease data migration and conversion activities.
- Experience working in multi-entity or global lease accounting environments.
- Knowledge of audit, compliance, statutory reporting, and financial controls.
- Experience in customer-facing consulting, implementation, managed services, or post-go-live support environments.
Qualifications
Career Level - N/A
About Us
Only Oracle brings together the data, infrastructure, applications, and expertise to power everything from industry innovations to life-saving care. And with AI embedded across our products and services, we help customers turn that promise into a better future for all. Discover your potential at a company leading the way in AI and cloud solutions that impact billions of lives.
True innovation starts when everyone is empowered to contribute. That’s why we’re committed to growing a workforce that promotes opportunities for all with competitive benefits that support our people with flexible medical, life insurance, and retirement options. We also encourage employees to give back to their communities through our volunteer programs.
We’re committed to including people with disabilities at all stages of the employment process. If you require accessibility assistance or accommodation for a disability at any point, let us know by emailing accommodation-request_mb@oracle.com or by calling 1-888-404-2494 in the United States.
Oracle is an Equal Employment Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability and protected veterans’ status, or any other characteristic protected by law. Oracle will consider for employment qualified applicants with arrest and conviction records pursuant to applicable law.
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