Job Summary:
We are looking for an experienced SAP FI Funds Management (FM) Consultant with strong expertise in budgeting, fund control, and financial planning processes for a banking client. The role involves configuring and supporting SAP Funds Management to ensure effective budget control, fund allocation, and compliance with financial regulations.
Key Responsibilities:
Configure and support SAP Funds Management (FM) module within SAP FI.
Manage budget planning, formulation, allocation, and control processes.
Define and maintain funds, funded programs, commitment items, and budget structures.
Ensure effective budget availability control (AVC) and monitor fund utilization.
Integrate Funds Management with FI (GL, AP, AR) and MM (Procurement) modules.
Support commitment management, including earmarked funds and purchase commitments.
Perform budget control, tracking, and reporting to ensure compliance with financial policies.
Assist in month-end and year-end closing activities related to funds and budgets.
Ensure compliance with banking regulations, audit requirements, and internal controls.
Collaborate with finance, procurement, and business teams for requirement gathering and process optimization.
Support testing (SIT/UAT), system enhancements, and production support.