Oracle Lease account Consultant

Infosys · IT Services & Consulting

Bangalore, India
On-site
Posted today
Finance & Accounting

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About the job

Infosys is seeking a Oracle Lease account Consultant. The position will primarily be for implementing Oracle Fusion Lease Accounting solutions to support ASC 842 / IFRS 16 compliance, lease lifecycle management, accounting automation, and reporting based on customer's requirements. The selected candidate be able to drive the CRP sessions, Data Conversion Workshops, Data Configuration, Fit-Gap analysis for requirements, Design Solution, perform SIT, support UAT and troubleshoot the functional issues during Cutover & Hypercare on the SaaS applications. Interact with customer process owners and SMEs to understand and analyze various processes.

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.

Technical 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.

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

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

Preferred skills

Oracle Finance->Oracle Cloud Finance,Oracle Finance->Oracle Fusion Finance

Experience: 5-9 years

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