Senior Oracle OLFM Functional Consultant - Town of Florida - Success Tech Solutions Inc.

    Success Tech Solutions Inc.
    Success Tech Solutions Inc. Town of Florida

    6 days ago

    Description
    • 113 South Monroe Street, Suite 131, Tallahassee FL 32301
    • Mon - Fri : 8:30am - 5:00pm EST

    Senior Oracle OLFM Functional Consultant (CA – IFRS/GAAP & SLA)

    Lead the end-to-end functional design and delivery of Oracle Lease & Finance Management (OLFM) on E-Business Suite (R12.1/R12.2), with specific accountability for lessor accounting under IFRS/US GAAP and Oracle SLA configuration. Act as the primary liaison between Finance leadership, Technology, and Operations to ensure a compliant, scalable, and automation-driven leasing platform.

    Key Responsibilities

    Key Responsibilities

    • Solution Ownership (OLFM): Drive functional architecture across Contract Authoring, Pricing/Streams, Billing, Disbursements, Investor Agreements/Pools, Renewals, Terminations, Collections, and Reporting.
    • Define accounting treatments for Operating vs Finance leases, residuals, lease receivables, interest recognition, impairments, buybacks, and end-of-term outcomes.
    • Translate policy papers into system logic and document accounting position notes and control narratives for audit.
    • Own Subledger Accounting rules for OLFM, AR, AP, FA: event classes, journal line definitions, account derivation, descriptions, and multi-GAAP representations.
    • Orchestrate Create Accounting and Transfer to GL controls; build reconciliation checkpoints and exception handling.
    • Cross-Module Integration: Ensure robust flows with AR (billing/receipts), AP (funding/credits), GL (posting & reporting), FA (operating-lease depreciation), EBTax, Credit Management, and (where relevant) Inventory/OM.
    • Controls & Compliance: Establish preventive/detective controls (e.g., stream-to-SLA tie-outs, MRC/multi-ledger checks, period-end reconciliations) and support external audits.
    • Delivery Leadership: Lead workshops, produce BRDs/MD50s/BR100s, plan and run SIT/UAT, cutover, and hyper-care; mentor analysts; coordinate offshore teams and partners.

    Required Qualifications & Experience

    Required Qualifications & Experience

    • Chartered Accountant (CA) with 7–12+ years in ERP-enabled leasing/asset finance.
    • 7+ years hands-on OLFM functional experience, including at least one end-to-end implementation as a lead.
    • Proven expertise in IFRS/US GAAP lessor accounting (operating vs finance leases, lease receivable, residual treatment, income recognition, impairments) and translating policy to configuration.
    • Advanced SLA configuration skills across OLFM events (booking, accrual, billing, disbursements, investor actions, terminations) and related AR/AP/FA flows; strong GL posting and reconciliation know-how.
    • Deep knowledge of Streams & Pricing (rent, residual, principal, interest), Investor Agreements/Pools (fixed/percent), Prefunding/Short-funding, Vendor Programs/Subsidies, Renewals/Terminations.
    • Strong documentation (designs, accounting memos), stakeholder management, and ability to challenge/shape requirements.

    Nice-to-Have

    Nice-to-Have

    • Experience with securitisation/syndication programs and pool performance reporting.
    • Familiarity with IFRS 16 interpretations and audit interactions.
    • Working knowledge of RICE components, data model, and OLFM public APIs (for design collaboration with technical teams).

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