Oracle Lease & Finance Functional ( OLFM)

Oracle Lease & Finance Functional ( OLFM)

Allentown, PA. 18034

12+ Months

Essential Skills: Senior Lead Oracle OLFM Functional Consultant:

Skills: Oracle eBS R12 Financials

Role Summary

Own the functional design and delivery of Oracle Lease & Finance Management (OLFM) processes for Contract Authoring (from intake to booking) and Termination (early/end-of-term). Partner with Finance, Operations, and IT to translate complex leasing requirements into scalable OLFM configurations, ensuring accurate pricing/streams, compliant accounting, and frictionless period-end processing.

Key Responsibilities:

Solution Design & Configuration

• Lead workshops and fit-gap for Contract Authoring: financial products, terms & conditions, asset/service lines, pricing, and stream generation (rent, residual, principal, interest), taxes, acceptance/booking, assignable rules, pre-funding/security deposits, evergreen.
• Design and configure Termination (early, mid-term, end-of-term): termination quote templates, pay-offs/buyouts, penalties/fees, interest accrual cut-off, residual realisation, repossession/asset return, re-lease paths, and settlement billing.
• Work with Accounting team to help them on SLA/SLA-AMB rules for booking, accruals, billing, disbursements, termination, write-offs, and residual impacts; ensure correct Accounting Orchestrate cross-module flows with AR (billing/receipts/credits), AP (disbursements/prefund/short-fund), FA (operating-lease depreciation/asset disposal), GL, EBTax, and (as needed) OM/Inventory/Credit Management.

Controls, Compliance & Close

• Embed controls for stream-to-journal traceability, termination quote auditability, multi-ledger (IFRS/Local) postings, and contract-level reconciliations.
• Define the period-close playbook (OLFM events SLA GL, FA depreciation where applicable, AR/AP tie-outs) and support audits.

Delivery Leadership

• Produce BRD/MD50/BR100 and configuration runbooks.
• Own test strategy and execution (SIT/UAT) for authoring and termination scenarios; manage defects to closure.
• Support cutover (in-flight contracts, termination backlog), go-live, and hyper-care; mentor analysts and coordinate offshore teams/partners.

Data & Performance

• Guide data migration for contracts, assets, termination history, balances.
• Define KPIs (time-to-book, termination cycle time, billing accuracy, residual realisation) and exception dashboards.

Required Experience & Skills

• 8 12+ years Oracle EBS experience with 5+ years hands-on OLFM; 2+ full cycles leading Contract Authoring and Termination.
• Deep knowledge of Operating vs Finance leases and Loan constructs; strong grasp of streams (rent, residual, principal, interest) and pricing/yield.
• Expert SLA configuration (event classes, JLDs, ADRs, multi-ledger/GAAP) and reconciliation across OLFM/AR/AP/FA/GL.
• Proven delivery of termination processes (quotes, settlements, repossession/return) at scale.
• Excellent stakeholder communication, documentation, and workshop facilitation.

Nice-to-Have

• Professional accounting background (CA/CPA) and familiarity with IFRS/ASC 842 lessor accounting.
• Experience with Investor Agreements & Pools (for downstream impacts at termination).
• Exposure to ECC dashboards and RICE collaboration (reports/interfaces/conversions).

Role Descriptions

• Lead OLFM solution design covering Contract Authoring| Pricing Streams| Billing| Disbursements| Termination| Renewals| Investor Agreements Pools. (Core OLFM flows) Configure Financial Products| stream templates| billing rules| SLA accounting| ARAPAssets integration.
• Drive workshops| discuss requirements and the business process with the users in depth | and create functional designs. Lead integration with AR (billing receipts)| AP (funding)| GL (SLA GL)| and Oracle Assets Oversee testing (SITUAT)| validate accounting| and support deployment and hyper care. Guide junior consultants and act as key advisor to Finance and Operations stakeholders.

Education: At least a bachelor s degree (or equivalent experience) in Computer Science, Software/Electronics Engineering, Information Systems, or a closely related field is required