Oracle Finance BA (FAH & GL) at Fusion Practices Limited, London, 6 Months, £Contract Rate

About us

Fusion Practices is a leading IT consultancy delivering HR and finance transformations across financial services, insurance, banking, construction, and the public sector.

Our expertise lies in Oracle Cloud ERP, Financial, HR & Payroll. We have won several awards. Fusion Practices won the ERP Innovation of the Year award for our GrantsNOW SAAS product. Additionally, we were finalists for the British Computing Society awards for IT Vendor of the Year and Development Team of the Year. We also won the Employee of the Year award for one of our team members at ERP Today.

For more Info, visit our website

Job Description -

We at Fusion Practices are looking for Oracle Fusion Financial Functional Consultant. The ideal candidate will be expected to have Hands on experience and strong knowledge of Oracle Fusion in the following modules - Fusion General Ledger (GL) & Financial Accounting Hub (FAH) module.

In this role you will undertake detailed analysis on Vanilla IR products booked within Murex and provide expert guidance to both Technology and Finance on data flow, trade transformation, accounting processes required to ensure accurate accounting of P&L and balance sheet accurately within Oracle Financial Accounting Hub and General Ledger systems.

• Analyse trade booking, processing, and outbound trade workflow within Murex 3.1 and ensure accounting is accurately captured and processed within Oracle Financial Accounting Hub & Oracle General Ledger ERP applications.
• Ensure data is accurately represented on outbound XML messages as well as end of day reporting extracts
• Validate economic details of the trade remain in-tact throughout the trade life cycle
• Ensure trade events are captured and processed accurately and interpreted by the trade Subledger and general ledger
• Work with the Technical team and document processes at a detailed level
• Advise on best practice approach on accounting methods for trade cashflows for settlement and valuations for P&L and Balance Sheet looking at accruals, MTM, additive vs reverse-replace etc
• Ensure accounting adjustments can be processed either through trade tickets, or local Finance adjustments within the subledger or general ledger
• Ensure financial reporting considerations/constraints are incorporated into the trade accounting interface design and construction
• Work in a co-ordinated manner around go-live activities, ensuring services are transitioned into the live production environment in a manner which is compliant with technology policy and non-disruptive to the business
• Assist QA member on test strategy, test plans and test Scripting
• Ensuring due diligence is applied and the systems are rigorously tested prior to user acceptance testing
• Work with the software vendor, raising tickets with any product defects
• Highlight risks or concerns ensuring items are followed up or escalated appropriately

Skills and Experience:

Essential:

• Have extensive experience working with financial investment products including Vanilla IR.
• Have accounting qualifications (full or part qualified) which supports an understanding of technical accounting requirements on IFRS, UK-GAAP,etc
• Have worked on trading platforms such as Murex and understand trade life cycle intimately
• Understand the needs of a Finance organization and be comfortable around financial reporting disclosures, month-end processes, year-end P&L accounting, financial adjustments etc
• Have experience of Subledger and General Ledger applications for financial accounting
• Pay great attention to detail and be client driven with a focus on delivery and milestones
• Have exceptional communication skills, being able to converse with a wide variety of stakeholders including department heads
• Be flexible, particularly when working on rolling out system changes in non-business hours
• Have experience working on documenting testing and be familiar with the various types of technology testing which needs to be undertaken to ensure deliverables are fit for purpose

Preferred:

Have experience of Oracle General Ledger