SAP FICO at Cognitus Consulting in Hyderābād
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Job Description
<h3>SAP FICO Functional Consultant</h3> <ul> <li>Expertise in Base Customization with 5 years of experience implementing SAP FICO Module.</li> <li>Analyze and design its processes and systems, assessing the business model and its integration with technology- Assess current state, identify customer requirements, and define the future state and/or business solution.</li> <li>Hands on and Indepth knowledge of GST tax accounting and processes</li> <li>Facilitate the implementation and support of SAP Financials (focus on FICO Controlling – Cost Center Accounting, Profit Center Accounting, Product Costing, Profitability Analysis, Project System, Results Analysis, Unsettled Costs, Month End Close, Overhead assessment and settlement.)</li> <li>Design, customize, configure and testing of FI/CO modules.</li> <li>Configure G/L, A/P, A/R, Asset Accounting</li> <li>Understanding FICO modules to the extent that you are able to suggest process improvements</li> <li>Proficient in External Reporting and <strong>preparation of Financial Statements.</strong></li> <li>Minimum 5 years of SAP FICO Consulting Experience with S/4 Hana experience preferred.</li> </ul> <h3>Qualification</h3> <ul> <li>Minimum of 3 years SAP experience supporting General Ledger plus 3 or more of the following functions: Accounts Payable, Accounts Receivable, Financial Accounting, Management Accounting, Fixed Asset Accounting, Inter-company Accounting, Project System.</li> <li>SAP Certified - preferred but not mandatory</li> <li>Certification in S4 Hana will be added advantage</li> <li>Bachelor's or master’s degree in Computer / IT Engg or related field</li> <li>Excellent communication skills and ability to Work collaboratively</li> <li>Ability to work both independently and as part of a team with professionals at all level.</li> </ul>
AI Powered Job Insights
SAP FICO Functional Consultant Opportunity Available! Cognitus Consulting is looking to bring on a skilled professional to enhance their financial consulting services in Hyderābād. This role requires a blend of technical expertise and business analysis capabilities within SAP FICO module implementations. 📍 Location: Hyderābād 💼 Position: SAP FICO Functional Consultant 📅 Date Posted: 2024-06-13 Role Summary: - They will engage in base customization and implementation of SAP FICO modules, focusing on various finance-related processes. - Their role involves assessing business models and recommending technology enhancements for optimal performance. - The position demands robust knowledge of GST tax accounting and related processes. What You'll Do: - Facilitate implementation and support of SAP Financials, concentrating on Cost Center Accounting, Profit Center Accounting, Product Costing, and various analyses. - Design, customize, and configure FI/CO modules while performing testing to ensure proper functionality. - Configure General Ledger, Accounts Payable, Accounts Receivable, and Asset Accounting. - Propose improvements for FICO modules based on current processes. - Prepare and execute financial statements and external reporting tasks. What's Needed: - A minimum of 5 years of SAP FICO consulting experience, preferably with S/4 Hana expertise. - At least 3 years' experience with General Ledger and multiple other finance-related functions. - SAP certification is preferred; S4 Hana certification is an added advantage. - A relevant Bachelor’s or Master’s degree in Computer/IT Engineering or similar fields. - Strong communication skills for effective collaboration and the ability to work both independently and in a team setting.
Top Interview Questions
- Q: Can you describe your experience with SAP FICO modules and how you have implemented processes in your previous roles?
A: In my previous role as an SAP FICO Consultant, I was responsible for the end-to-end implementation of the FICO module for a mid-sized manufacturing client. I began by analyzing their existing financial processes and mapping them to SAP standards. I customized and configured the General Ledger, Accounts Payable, and Accounts Receivable modules. I also facilitated workshops to ensure key stakeholders understood the new system, which led to a smooth transition and a 30% reduction in month-end close times.
- Q: What strategies do you employ to ensure accurate GST tax accounting and compliance within SAP FICO?
A: To ensure accurate GST tax accounting, I first ensure that the relevant tax codes are correctly configured in the SAP system, reflecting the company's business model. I conduct regular audits of transaction data to identify discrepancies and to ensure compliance with local regulations. Automating tax reporting using SAP's reporting functionalities has also proven effective in reducing manual errors. In my last project, I implemented an automated process that improved our GST return accuracy by 25%.
- Q: How do you approach process improvement in FICO modules, and can you provide an example of a successful initiative?
A: I believe in a continuous feedback loop for process improvement. I start by gathering feedback from end-users on pain points within the FICO modules. In one instance, I noticed that the month-end close was prolonged due to manual data entry errors in the overhead assessment. I proposed and implemented a new automated data upload method that streamlined the process. This change cut down our month-end activities by 40%, allowing the finance team to focus on strategic tasks.
- Q: Describe your experience with external reporting requirements in SAP FICO, including preparation of financial statements.
A: Throughout my career, I have been responsible for ensuring compliance and accuracy in external reporting. I’ve customized SAP FICO for generating financial statements in compliance with IFRS and local GAAP. I collaborated closely with the accounting team to understand their reporting needs and automated the balance sheet and income statement generation process, which improved our reporting speed by 50%. I also trained team members on how to interpret these reports for strategic decision-making.
- Q: Can you explain how you manage team collaboration while implementing SAP FICO solutions?
A: Effective team collaboration is vital in any SAP implementation. I use tools like JIRA or Microsoft Teams to facilitate communication and track project milestones. Regular stand-up meetings are scheduled to discuss progress and address any blockers. In my last project, I integrated feedback from cross-functional teams, which significantly enhanced the implementation process. This collaborative effort led to a robust SAP solution that met the needs of various stakeholders, increasing user adoption by over 70%.
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Salary Benefits
$420000 - $600000 /year
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Apply for the SAP FICO position at Cognitus Consulting in Hyderābād using https://www.glassdoor.com/job-listing/j?jl=1009321520381
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