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

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.
Strong 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: $160,000.00 - $240,000.00 per year

Benefits:

Health insurance

Application Question(s):

Will you now or in the future require employer sponsorship for work authorization

Education:

Bachelor's (Preferred)

Experience:

OLFM implementation: 7 years (Required)

Language:

English exceptionally well (Required)

Work Location: Remote

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