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SAP FI/CO Specialist

Thinking Minds, Inc.
Somerset, NJ Full Time
POSTED ON 12/17/2024 CLOSED ON 1/16/2025

What are the responsibilities and job description for the SAP FI/CO Specialist position at Thinking Minds, Inc.?

Summary

  • Location: Somerset NJ
  • Experience: Minimum 6 years
  • Job Type: Permanent

Ideal Candidate Should Have

  • Strong expertise in SAP S/4 HANA FI/CO modules, including General Ledger, Accounts Receivables/Payables, and Fixed Assets.
  • Experience with FSCM processes like Credit, Collections, and Dispute Management.
  • Proficiency in banking, treasury, and payment processes (e.g., BCM, BRF, Paymetric).
  • Familiarity with tax configuration, reporting, and tools like ONESOURCE.
  • Knowledge of Order-to-Cash and Source-to-Pay integration.
  • Background in the Medical Device or Life Sciences industry (preferred).
  • Excellent communication, analytical, and team collaboration skills.

Job Description

Thinking Minds Inc.'s client seeks a SAP FI/CO Specialist to design, implement, and support financial processes in SAP S/4 HANA. The role requires strong collaboration with business stakeholders, technical teams, and external consultants to deliver effective solutions aligned with global templates.

Key Responsibilities

  • Design and implement SAP S/4 HANA FI/CO capabilities for AR, AP, and General Ledger processes.
  • Develop and support solutions for outgoing and incoming payments, including integration with treasury systems, lockbox, and credit card payments.
  • Manage Financial Supply Chain Management (FSCM) processes, including Credit, Collections, and Dispute Management.
  • Provide support for General Ledger functions such as journal entries, accruals, and foreign currency revaluation.
  • Configure and maintain tax solutions, including withholding tax and reporting.
  • Address intercompany automation and matching processes using IDocs.
  • Support Order-to-Cash and Source-to-Pay integrations.
  • Assist in month-end/year-end close activities and provide timely resolution for related issues.
  • Collaborate on security risk assessments for enterprise applications.
  • Develop user documentation and support testing efforts for system patches, upgrades, and new integrations.

Required Skills And Abilities

  • Deep knowledge of SAP S/4 HANA FI/CO modules, including Cost Center Accounting, Profitability Analysis (CO-PA), and Product Costing (CO-PC).
  • Experience with tools like Blackline, SAP Concur, and Paymetric.
  • Understanding of financial principles like US GAAP and IFRS, especially Revenue Recognition and Accounting.
  • Proven ability to work on cross-functional teams, manage business users, and adapt to evolving technology environments.
  • Flexibility to accommodate multiple time zones for stakeholder meetings.

Qualifications

  • Bachelorâs degree in Finance or a related field, or equivalent experience.
  • 6 years of experience with SAP FI/CO configuration and process deployment.
  • Expertise in banking, cash management, and tax processes.
  • Preferred experience in the Medical Device or Life Sciences industries.

Questions to Ask

  • Can you describe your experience with SAP S/4 HANA FI/CO modules and key projects you have implemented?
  • How have you handled intercompany automation or integration issues in previous roles?
  • What is your experience with banking and treasury integrations, including tools like BCM or BRF?
  • Have you worked with FSCM processes such as Credit, Collections, and Dispute Management?
  • Can you share an example of how you managed tax configurations or reporting, including tools like ONESOURCE?

Additional Questions

  • What have you done that's caused you to stand out amongst your peers?
  • Give an example of your contribution where it increased revenue or reduced cost for the employer.
  • What have you done that's saved time or streamlined workflow?
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