Principal Oracle Cloud Financials Consultant (Joint Venture Management)- Remote

Job Title: Principal Oracle Cloud Financials Consultant (Joint Venture Management)- Remote

Location: Remote

Duration 6+ Months

Industry: Healthcare Provider / Health Systems

Position Summary

• We are seeking an experienced Oracle Joint Venture Management (JVM) Consultantto lead the design, implementation, and optimization of Oracle Fusion Cloud Financials for our multi-entity healthcare environment. You will be responsible for automating the distribution of costs and revenues across various joint venture (JV) partnerships, ensuring compliance with Joint Operating Agreements (JOAs), and streamlining the monthly financial close for our co-owned clinical facilities.
• Key Responsibilities
• JV Architecture & Design:Design and configure Oracle Joint Venture Management to handle complex healthcare ownership structures, including "Carried Interest" and varying stakeholder percentages.
• Transaction Identification:Create automated rules to identify distributable transactions from the General Ledger, Accounts Payable, and Project Costing that pertain to specific outpatient clinics or joint-owned ventures.
• Split & Distribution Management:Configure ownership definitions and date-effective stakeholder percentages to ensure accurate "split" calculations for revenue and operating expenses.
• Invoicing & Settlement:Set up the automated generation of Receivables (AR) invoices for partners shares of costs and Payables (AP) invoices/Internal Journals for revenue distributions.
• Compliance & Audit:Maintain a clear audit trail of all JV distributions to minimize partner disputes and ensure compliance with healthcare regulatory requirements and internal governance.
• Stakeholder Reporting:Develop real-time dashboards and reports using OTBI (Oracle Transactional Business Intelligence) to give JV partners visibility into the financial health and operational measures of the venture.
• Healthcare-Specific Focus Areas
• Entity Management:Manage the financial separation between the "Managing Partner" (the Lead Health System) and "Non-Operating Partners" (Physician Groups or Academic Medical Centers).
• Cost Allocation:Lead the strategy for allocating shared "overhead" costs (e.g., centralized laboratory services, corporate IT, or shared nursing pools) to specific joint venture entities.
• Integration:Work closely with the clinical revenue cycle teams to ensure patient service revenue is correctly routed and identified for JVM processing.
• Required Qualifications
• Oracle Fusion Expertise:Minimum 5+ years of experience with Oracle Fusion Cloud Financials, with at least 2 full-lifecycle implementations of Oracle Joint Venture Management (JVM).
• Healthcare Experience:Deep understanding of healthcare provider financial operations (e.g., multi-entity health systems, physician-owned clinics, or ASC management).
• Technical Proficiency:Hands-on experience with Oracle FSM (Functional Setup Manager), OTBI, and the "Identify Joint Venture Transactions" scheduled processes.
• Accounting Knowledge:Strong grasp of Joint Operating Agreements (JOA), partner equity, and intercompany eliminations.
• Preferred Skills
• Experience with Oracle Project Portfolio Management (PPM)integration for capital-heavy joint ventures (e.g., building a new hospital wing).
• Oracle Cloud Financials Certification.
• Experience with "Direct Billing" configurations within JVM for specific partner-only expenses.