Oracle OLFM Functional Specialist

Role: Oracle Lease and Finance Management (OLFM) Functional Specialist

Platform: Oracle E-Business Suite R12.2.x / OLFM

Role Type: Functional / Implementation

Experience: 10+ years Oracle EBS, preferably 7+ years hands-on OLFM

Seniority: Senior Consultant / Functional Lead

Role Summary The Oracle OLFM Functional Specialist will be responsible for the functional design, configuration, validation, and implementation of Oracle Lease and Finance Management within Oracle E-Business Suite.

The specialist will work closely with leasing business users, accounting teams, Oracle technical specialists, integration teams, and project leadership to translate equipment-finance business requirements into scalable OLFM configurations and functional solutions.

The role requires strong hands-on knowledge of the OLFM contract lifecycle, including contract authoring, booking, billing, accounting, contract modifications, asset management, termination, renewal, and end-of-term processing.

Key Responsibilities

- Requirements and Process Analysis

Conduct functional workshops with leasing, finance, accounting, operations, and IT stakeholders.

Analyze business requirements and translate them into Oracle OLFM functional requirements and application configurations.

Evaluate requirements against standard Oracle functionality and identify:

- Standard functionality
- Configuration requirements
- Extensions
- Integrations
- Reports
- Data conversion requirements
- Genuine functional gaps

Develop detailed business process flows and functional solution designs.

Maintain requirements traceability from business requirement through configuration and solution design.

- OLFM Functional Configuration

Configure and validate OLFM functionality covering the lease/finance contract lifecycle, including:

- Contract authoring
- Contract booking and activation
- Products and financial products
- Pricing and payment structures
- Assets and asset lines
- Fees and expenses
- Subsidies where applicable
- Billing schedules
- Streams and stream generation
- Contract modifications and rebooks
- Asset additions and changes
- Partial and full terminations
- Early termination
- Renewals and extensions
- Evergreen processing
- End-of-term processing
- Buyout and purchase options

Understand the functional implications of operating leases, finance/direct-finance leases, and other applicable equipment-financing structures.
- Accounting and Financial Integration

Work closely with Oracle Financials and accounting SMEs to ensure OLFM transactions are correctly represented in downstream financial modules.

Understand OLFM integration with

- Accounts Receivable
- Accounts Payable
- General Ledger
- Subledger Accounting
- Fixed Assets
- Cash Management / Payments where applicable
- Oracle Tax / eBTax

Validate accounting events, transaction flows, billing, receipts, asset accounting, termination accounting, and other financial consequences of OLFM transactions.

Assist accounting teams in reconciling OLFM operational transactions with Oracle subledger and General Ledger results.

- Cross-Module Functional Design

Understand and validate OLFM dependencies and integration points with relevant EBS components, including:

- Oracle Receivables
- Oracle Payables
- Oracle General Ledger
- Subledger Accounting
- Oracle Fixed Assets
- Install Base
- Inventory




- Trading Community Architecture
- Oracle Payments
- eBTax

Work with module specialists where configuration or transaction design crosses application boundaries.
- Solution Design and Gap Analysis

Assess business requirements against standard OLFM capabilities before recommending custom development.

Perform fit-gap analysis and document the rationale for proposed solutions.

Favor configuration and standard Oracle functionality wherever practical.

For requirements that cannot be satisfied through standard functionality, develop Functional Design Specifications for:

- Extensions
- Interfaces
- Conversions
- Reports
- Workflows
- Application validations

Work with technical teams to translate functional designs into implementable technical solutions.
- Data Conversion and Integration Support

Define functional requirements and mapping rules for migration of leasing data, including:

- Customers and customer accounts
- Contracts
- Assets
- Asset lines
- Payment schedules
- Billing information
- Open receivables
- Contract balances
- Relevant historical information

Support reconciliation and functional validation of converted data.

Define functional requirements for OLFM integrations with upstream and downstream systems.

- CRP and Solution Validation

Prepare application configurations and business scenarios required for Conference Room Pilots (CRPs).

Demonstrate configured OLFM processes to business stakeholders.

Investigate functional issues identified during CRPs and determine whether they result from:

- Configuration
- Master data
- Transaction data
- Integration
- Custom development
- Product limitations
- Business-process misunderstanding

Maintain configuration and functional design documentation as the solution evolves.
- Testing Support

While dedicated QA/test execution may be performed by a separate testing organization, the Functional Specialist is responsible for functional support to testing.

Responsibilities include

- Identifying business scenarios requiring validation
- Reviewing test conditions and expected results
- Providing functional clarification to testers
- Analyzing functional defects
- Determining configuration versus development defects
- Supporting defect resolution and retesting
- Validating critical OLFM lifecycle scenarios

9. Documentation and Knowledge Transfer

Prepare and maintain functional implementation documentation, including:

- Business process designs
- Requirements traceability
- Configuration workbooks
- Functional design specifications
- Fit-gap assessments
- Integration requirements
- Data conversion rules
- CRP scenarios
- Functional decision logs
- Operational procedures

Provide knowledge transfer to business users, production support teams, and other Oracle functional resources.

Required Experience The candidate should have:

- 7+ years of Oracle E-Business Suite functional experience.
- Significant hands-on Oracle Lease and Finance Management experience.




- Participation in at least one end-to-end OLFM implementation, major rollout, or comparable transformation strongly preferred.
- Solid understanding of equipment leasing and equipment-finance business processes.
- Hands-on experience configuring OLFM rather than experience limited to production support.
- Strong understanding of contract authoring, booking, billing, rebooking, termination, renewal, and end-of-term processes.
- Working knowledge of OLFM accounting and its integration with Oracle Financials.
- Experience with Oracle EBS R12.2.x environments.
- Experience conducting requirements and solution-design workshops.
- Ability to prepare functional specifications for integrations and extensions.
- Experience supporting CRPs, UAT, defect analysis, cutover, and production readiness.

Preferred Experience

Experience in one or more of the following is highly desirable:

- Technology equipment financing
- Industrial equipment leasing
- Equipment finance
- Captive finance organizations
- High-volume asset-based leasing
- Multi-entity or multi-country OLFM implementations
- Complex contract modifications and partial terminations
- OLFM data migration
- OLFM integration with external pricing, tax, asset, or ERP systems

Functional Knowledge Expectations The candidate should be capable of independently tracing an OLFM business transaction from the contract through its operational and accounting consequences.

For example, the specialist should be able to analyze:

Contract → Asset → Payment Structure → Streams → Billing → AR → Accounting Event → SLA → GL and diagnose where an incorrect business or accounting result originates.

The specialist should also understand the functional impact of a contract modification across contract terms, assets, streams, billing, accounting, and downstream Oracle modules.

Key Skills

OLFM: Expert

Oracle EBS R12.2: Advanced

Equipment Leasing / Finance: Advanced

AR / GL / SLA integration: Advanced

Fixed Assets: Intermediate–Advanced

Install Base / Inventory: Working knowledge

TCA / Customer Model: Working knowledge eBTax: Working knowledge

Requirements Analysis: Advanced

Fit-Gap Analysis: Advanced

Functional Configuration: Advanced

Functional Design Specifications: Advanced

CRP Facilitation: Advanced

Data Migration / Reconciliation: Intermediate–Advanced

Success Criteria The OLFM Functional Specialist will be considered successful when they can take a leasing requirement from initial business discussion through:

Requirement → Process Analysis → OLFM Fit/Gap → Solution Design → Configuration → CRP Validation → Defect Resolution → Production-Ready Functional Solution The role is intended for a hands-on OLFM implementation specialist rather than a general Oracle Financials consultant who has only peripheral exposure to OLFM.

For this OLFM implementation, specifically require R12.2 OLFM, equipment leasing, rebooks/partial terminations, OLFM–AR–SLA–GL accounting, Install Base/FA interaction, data conversion, and CRP ownership.

Pay: ₹150,000.00 - ₹300,000.00 per month

Benefits

- Cell phone reimbursement
- Health insurance
- Paid sick time
- Provident Fund
- Work from home

Education:
- Bachelor's (Preferred)

Experience:
- OLFM implementation: 7 years (Required)

Language:
- English exceptionally well (Required)

Work Location: Remote

📌 Oracle Lease and Finance Management (OLFM) Functional Specialist (India)
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