Oracle Fusion Payables Specialist

Compunnel, Inc.; Jersey City (NJ); On-site; USD 70,000 - 90,000; Full time

Job summary

A financial services provider based in Jersey City, New Jersey, is looking for an Oracle Fusion Payables Specialist to oversee the Procure-to-Pay process. The ideal candidate will have a Bachelor’s degree in Accounting or Finance and proven experience with Oracle applications. Responsibilities include invoice processing, compliance management, and reporting analytics using Oracle tools. Candidates should possess strong analytical and communication skills. This role offers a competitive salary and a dynamic work environment.

Qualifications

• Degree in Accounting or Finance required.
• Experience with Oracle systems is essential.
• Knowledge of GAAP and SOX standards necessary.

Responsibilities

• Manage full Procure-to-Pay lifecycle.
• Validate and process vendor invoices timely.
• Ensure compliance with internal financial controls.
• Utilize Oracle tools for reporting and analytics.

Skills

Oracle E-Business Suite

Oracle Fusion Cloud Financials

Accounts Payable Processes

Analytical Skills

Problem-solving Skills

Communication Skills

Education

Bachelor’s degree in Accounting, Finance, or related field

Tools

OTBI

Payables Command Center

Job description

The Oracle Fusion Payables Specialist is responsible for managing the full Procure-to-Pay (P2P) lifecycle within the Oracle Fusion Cloud Financials environment.

This role involves processing, validating, and paying vendor invoices and expenses while ensuring accuracy, compliance, and timely financial reporting.

The position requires strong knowledge of Oracle Fusion modules, cross-functional integration, and accounting principles such as GAAP and SOX.

Key Responsibilities

• Manage the entire invoice processing cycle from receipt to payment using Oracle Fusion tools and technologies.
• Validate invoices and perform two-way or three-way matching against purchase orders and receipts to ensure accuracy.
• Initiate and manage Payment Process Requests (PPRs), including scheduling payments, handling prepayments, and managing supplier refunds.
• Create and maintain supplier records, including banking details and payment terms, and manage vendor self-service portals.
• Configure and manage invoice approval workflows based on company policies and approval hierarchies.
• Utilize Oracle Transactional Business Intelligence (OTBI) and Payables Command Center for reporting, analytics, and KPI monitoring.
• Perform period-end closing activities for Accounts Payable, including reconciliation and reporting.
• Ensure compliance with internal financial controls, tax regulations (e.g., 1099 reporting), and maintain complete audit trails.
• Troubleshoot and resolve invoice holds, payment errors, and other transaction-related issues in collaboration with cross-functional teams.

Required Qualifications

• Bachelor’s degree in Accounting, Finance, Information Technology, or a related field.
• Proven experience with Oracle E-Business Suite or Oracle Fusion Cloud Financials, specifically the Payables module.
• Strong understanding of accounts payable processes and best practices.
• Knowledge of functional integration with Oracle Fusion modules such as Cash Management, General Ledger, Tax, Expenses, Procurement, and BI Publisher.
• Excellent analytical, problem-solving, and communication skills.
• Experience with automated invoice processing and financial reporting.

Preferred Qualifications

• Familiarity with Intelligent Document Recognition (IDR) and Optical Character Recognition (OCR) technologies.
• Hands-on experience with Oracle Fusion reporting tools and workflow configuration.