Insight Global | Oracle Lease Accounting Cloud Specialist | surat

Job Description

Key Responsibilities:

1. Implementation and Configuration:

Implementation of 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.

2. 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.

3. 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.

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