Business Analyst (Finance Systems)

Job Description

The Business Analyst (Finance Systems) is responsible for bridging the gap between business requirements and technical solutions for finance-related systems, including Oracle Fusion Finance, Oracle Fusion Partner for Performance, and E-Business Suite Payroll. This role collaborates with both internal IT service providers and external implementation partners, designs operational processes, and ensures system configurations meet business needs. The Business Analyst plays a critical role in optimizing finance operations, ensuring compliance, and supporting system enhancements.

Responsibilities

1. Requirements Gathering & Analysis
   
   • Collaborate with finance and compliance stakeholders to understand and document business requirements for system implementations and enhancements.
   • Conduct workshops and interviews with internal teams to gather detailed insights into existing processes and areas for improvement.
   • Translate business requirements into clear, actionable technical specifications for both internal IT and external implementation partners.
2. Collaboration with Internal and External Providers
   
   • Act as a liaison between business teams, internal IT service providers, and external consultants or vendors.
   • Ensure internal IT teams understand business requirements and can support configurations, integrations, and upgrades.
   • Validate solutions proposed by internal and external providers, ensuring alignment with business objectives and compliance standards.
   • Monitor the progress of tasks assigned to providers, addressing issues or roadblocks proactively.
3. Process Design and Optimization
   
   • Analyze current finance operational processes to identify inefficiencies and recommend improvements.
   • Design and document optimized workflows, ensuring they align with system capabilities and business goals.
   • Develop operational processes for managing tickets, configurations, and system upgrades in collaboration with IT and business stakeholders.
4. Technical Validation & Testing
   
   • Work closely with IT and external providers to validate configurations, workflows, and setups in finance systems.
   • Plan and coordinate testing activities, including Unit Testing, Integration Testing, and User Acceptance Testing (UAT).
   • Document test cases and results, ensuring transparency and alignment with requirements.
   • Address and resolve issues identified during testing phases.
5. Finance System Expertise
   
   • Leverage knowledge of Oracle Fusion Finance, Partner for Performance, and Payroll modules to provide functional guidance and ensure system configurations align with best practices.
   • Advise stakeholders on system capabilities and recommend enhancements to improve financial processes, tax compliance, and reporting.
   • Stay updated on Oracle Fusion releases and new features, assessing their potential value to the organization.
6. Data Management and Integration
   
   • Collaborate with IT teams to support data migration activities and ensure data integrity in finance systems.
   • Define and oversee system integrations, such as linking Oracle Fusion with payroll systems or other financial tools, ensuring seamless data flow.
   • Implement data security and privacy measures in collaboration with IT and compliance teams.
7. Documentation & Knowledge Sharing
   
   • Create and maintain comprehensive documentation, including business requirements, technical specifications, process flows, and test plans.
   • Update and manage the knowledge repository for finance systems, ensuring documentation is version-controlled and easily accessible.
   • Develop training materials and conduct training sessions for end-users on system functionalities and processes.
8. Compliance and Regulatory Support
   
   • Ensure system configurations meet tax and compliance requirements, providing functional expertise on regulatory standards.
   • Support compliance reporting and audits by ensuring the availability of accurate system-generated data and reports.
   • Design processes that reduce compliance risks and improve governance in system operations.
9. Continuous Improvement
   
   • Identify opportunities to enhance finance system performance and user experience through automation, process redesign, and system upgrades.
   • Propose and implement enhancements that align with evolving business needs and regulatory changes.
   • Drive initiatives to improve collaboration between IT and business teams, ensuring alignment of goals.
10. Project Management Support
    
    • Assist project managers by tracking deliverables, timelines, and risks for system-related projects.
    • Coordinate between stakeholders to ensure milestones are met and projects stay on schedule.
    • Escalate potential risks or delays to management and propose mitigation strategies.

1. Technical Expertise:
   
   • Strong understanding of Oracle Fusion Finance, Partner for Performance, and E-Business Suite Payroll modules, including General Ledger, Tax, and Payroll.
   • Experience in system configurations, process design, and integration projects for enterprise systems.
   • Familiarity with API-based integrations and data migration methodologies.
2. Financial Knowledge:
   
   • Deep understanding of financial processes, including accounting principles, tax compliance, and payroll operations.
   • Ability to analyze financial data and translate it into actionable system configurations.
3. Process Design & Analytical Skills:
   
   • Experience designing and optimizing operational processes in finance contexts.
   • Strong analytical skills to troubleshoot system issues and evaluate process improvements.
4. Communication & Collaboration:
   
   • Excellent communication skills to interact effectively with technical teams, business stakeholders, and external providers.
   • Ability to build strong relationships with internal and external stakeholders, ensuring clear alignment of goals and deliverables.
5. Documentation & Training:
   
   • Proficiency in creating clear and detailed documentation for business processes, system requirements, and testing protocols.
   • Ability to develop and deliver training materials to end-users, ensuring smooth adoption of system changes.
6. Project Management Support:
   
   • Skilled in managing multiple tasks and priorities, coordinating between stakeholders, and tracking deliverables.
   • Familiarity with project management methodologies, such as Agile or Waterfall.
7. Tools & Technology:
   
   • Experience with tools such as Jira (ticketing and task management), SharePoint (documentation management), and Oracle BI Publisher (reporting).
   • Proficiency with MS Office Suite, including Excel for data analysis and PowerPoint for presentations.

• Bachelor's degree in Finance, Accounting, Information Systems, or a related field.
• Certification in Business Analysis (e.g., CBAP) or Oracle Fusion applications.
• 5+ years of experience in a business analyst role, with a focus on ERP systems and finance operations.

1. Analysing and Forming Opinions: Essential for requirement gathering, problem-solving, and troubleshooting finance system issues. Enables logical decision-making and root cause analysis.
2. Accuracy: Ensures meticulous handling of financial data, system configurations, and compliance reporting. Prevents errors in financial processes and system setups.
3. Structuring: Vital for process design, workflow optimization, and ticket management. Ensures clarity and efficiency in system operations and upgrades.
4. Cooperation: Necessary for liaising between finance, IT, and external vendors. Facilitates clear communication and teamwork across departments.
5. Devotion to Quality: Ensures high standards in system testing, validation, and financial reporting. Drives continuous improvement and compliance in finance operations.
6. Dutifulness: Demonstrates commitment to regulatory compliance, tax obligations, and governance. Ensures adherence to business rules and financial controls.
7. Initiative: Supports continuous improvement, automation, and system enhancements. Proactively identifies and acts on opportunities for efficiency gains.
8. Presenting: Critical for documenting and explaining technical concepts to business users. Supports knowledge sharing, training, and user adoption of finance systems.