Oracle Fusion Lease Consultant

Job Title – Oracle Fusion Lease ConsultantCompany – TCS (MEA)Location – Riyadh, Saudi ArabiaJob type – Full timeAbout Us:Tata Consultancy Services (TCS) is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.A part of the Tata group, India's largest multinational business group, TCS has over 616,171 of the world’s best-trained consultants with 157 nationalities in 53 countries. For more information, visit www.tcs.com and follow TCS news at @TCS_News.Job Description:Key Responsibilities:Implementation & Configuration:Configure Oracle Fusion Lease Accounting Cloud to support IFRS 16 and ASC 842 complianceSet up lease contracts, ROU assets, amortization schedules, and lease liability balancesConfigure Sub-Ledger Accounting (SLA) for IFRS 16 and ASC 842 accounting events and GL interfaceImplement Multi-GAAP accounting to support parallel reporting under IFRS 16 and local GAAPSet up lease payment schedules, interest calculations, and periodic compound interest calculationsConfigure role-based access control (RBAC) and segregation of duties for lease accounting functionsLease Lifecycle Management:Manage end-to-end lease lifecycle: contract creation, activation, modification, reassessment, and terminationHandle lease events including rebook, transfer, assumption, renewal, and buyout/termination quotesSupport Operating Lease and Finance Lease classification and accounting treatmentConfigure short-term lease and low-value asset exemptions as permitted under IFRS 16Manage lease modifications and reassessment of lease liabilities with updated discount ratesIntegration & Reporting:Integrate Lease Accounting with Oracle GL, AP, AR, Fixed Assets, and Tax modulesConfigure Oracle Integration Cloud (OIC) for data flows between lease and financial modulesGenerate statutory reports: Portfolio Summary, Portfolio Details, Lease Details, and disclosure notesSupport financial audit requirements with accurate lease obligation and ROU asset reportingProduce amortization schedules, liability roll-forward reports, and maturity analysisTesting & Delivery:Lead requirements gathering, gap analysis, and documentation of as-is and to-be business processesDevelop and execute unit testing, SIT, and UAT test scripts and scenariosSupport data migration from legacy lease systems to Oracle Fusion Lease AccountingProvide training and knowledge transfer to end users and finance teamsRequired Skills & Qualifications:Functional / Technical Skills5+ years of Oracle ERP experience with hands-on Oracle Fusion Lease Accounting or Oracle Property Manager (EBS)Deep understanding of IFRS 16 and ASC 842 lease accounting standards and their balance sheet impactKnowledge of ROU asset recognition, lease liability calculation, and amortization under IFRS 16Strong understanding of Oracle financial modules: GL, AP, AR, FA, and Sub-Ledger Accounting (SLA)Experience with Oracle Fusion ERP Cloud configuration and functional setup managerFamiliarity with Oracle Integration Cloud (OIC) for lease-related integrationsAccounting & Compliance Knowledge:Solid understanding of lessee vs. lessor accounting treatment under IFRS 16Knowledge of finance lease vs. operating lease classification criteriaUnderstanding of incremental borrowing rate (IBR), discount rates, and present value calculationsAwareness of IFRS 16 transition approaches: full retrospective and modified retrospective methodsFamiliarity with lease disclosure requirements under IFRS 16 (maturity analysis, ROU asset movements)Soft Skills:Strong communication and stakeholder management skills across finance and IT teamsAnalytical mindset with attention to detail in financial data and compliance validationAbility to translate complex accounting standards into system configuration requirementsPreferred Qualifications:Oracle Fusion Financials or Lease Accounting Cloud certificationProfessional accounting qualification (CPA, ACCA, CMA, or equivalent)Experience with multi-currency and multi-ledger lease accounting environmentsFamiliarity with GASB 87 (government lease accounting standard)Experience with Agile project delivery and tools such as JIRA or ADOExposure to EPM / Oracle Planning Cloud for IFRS 16 capital lease asset planningApplication Deadline: 20-July-2026Privacy Note:https://www.tcs.com/connect-with-tcs/privacy-policy