Oracle Fusion Tax

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Our client is looking Oracle Fusion Tax in Remote below is the detailed requirements.

Job Title : Oracle Fusion Tax

Location : Remote

Duration : Contract

Job Description:

• Tax Configuration & Compliance
• Support Oracle Fusion Tax and Vertex configurations for Sales & Use Tax, VAT, GST, and Withholding Tax across multiple jurisdictions
• Ensure proper tax determination, tax exemption handling, and product/service taxability mapping
• Maintain Tax Rules, Tax Rates, Tax Reporting Codes, and Tax Registrations within Oracle Fusion
• Support Supply Chain Taxation, ensuring correct tax treatment for procurement, intercompany transactions, and drop shipments
• Provide expertise for Intercompany Tax Compliance, ensuring correct tax accounting for cross-entity transactions and transfer pricing
• Maintain Tax Compliance for Network Billing, correctly applying tax for third-party billing flows
• Receive, analyze, and prioritize related support tickets
• Provide timely solutions to users
• Document resolution steps and knowledge base articles
• Support system upgrades and patches
• Monitor system performances and recommend improvements Tax Integration Support
• Configure and troubleshoot Vertex tax calculations in Oracle Cloud Payables (AP), Receivables (AR), and Intercompany
• Ensure accurate tax calculation on supplier invoices, customer invoices, and intercompany settlements
• Support Tax on Procurement Transactions, ensuring accurate tax determination on POs and supplier invoices
• Maintain correct tax treatment for self-assessed tax (Use Tax, Reverse Charge VAT) in AP transactions
• Resolve Tax impacts on Intercompany Invoicing and Netting, ensuring tax compliance across legal entities
• Support tax implications of Supply Chain Financial Orchestration (SFO) transactions, including drop shipments and intercompany flows
• ERP & Tax System Integration
• Maintain Vertex integration with Oracle Cloud ERP (AP, AR, IC, SFO) and troubleshoot integration issues
• Debug Tax Calculation Failures in Fusion and Vertex, identifying missing configurations or rule conflicts
• Manage Vertex API Calls, Web Services, and Tax Data Feeds
• SQL & Data Analysis
• Write queries to extract tax-related data from tables such as ZX_LINES, ZX_RATES,
• ZX_REPORTING_CODES, AP_INVOICES, AR_TRANSACTIONS, and
• IC_TRANSACTIONS
• Debug tax discrepancies in AP, AR, and Intercompany invoices
• Analyze tax data for audit purposes, variance checks, and reconciliation
• Identify and resolve slow tax calculation jobs, tax rule processing issues, and invoice
• tax posting Ensure Vertex tax engine performance is optimized for high-volume
• transaction processing
• Tax Reporting & Period Close
• Generate Tax Reports for Compliance and Audit (VAT, GST, Sales & Use Tax, Withholding Tax, etc.)
• Reconcile Tax Balances between Subledger (AP, AR, IC) and General Ledger (GL)
• Support period-end tax processing, ensuring accurate tax calculations, accruals, and adjustments Compliance, Audit & Reporting
• Ensure SOX compliance in tax processing, maintaining proper controls for tax approvals and changes
• Support tax audits, providing transaction-level tax details and supporting documentation
• Ensure Vertex Tax Updates and Quarterly Oracle Cloud Tax Updates are properly tested and implemented
• Manage Tax Data Reconciliations between Vertex, Fusion Tax, and General Ledger
• Prepare and validate Tax Liability Reports, Exemption Reports, and Withholding Tax Reports
• Assist tax teams in reconciling tax postings across AP, AR, and Intercompany transactions
• Support Tax Forecasting and Accruals for Supply Chain Transactions Operational & Support Processes
• Utilize Vertex & Oracle Support (MOS - My Oracle Support)
• Create and manage Service Requests (SRs) for tax calculation issues, Vertex exceptions, invoice errors, and tax updates
• Use Vertex Support Portal (MyVertex) to log issues, track patches, and access tax knowledge bases
• Monitor and support quarterly Oracle Cloud updates for tax configurations, ensuring tax rule accuracy
• Perform regression testing when engine changes and Oracle Cloud ERP patches affect deployment
• Ensure tax updates are thoroughly tested for Payables, Receivables, Intercompany, and SFO transactions
• Assist finance, tax, procurement, and supply chain teams with tax-related issues
• Document Standard Operating Procedures (SOPs) for tax processing, audit
• preparation, and troubleshooting
  
  

Required Qualifications:

• Strong understanding of indirect taxation (Sales & Use Tax, VAT, GST, Withholding Tax)
• 5 years' experience with Oracle Fusion Tax and Vertex tax engines
• Knowledge of tax configurations across multiple tax jurisdictions
• Experience with tax integration in ERP systems, particularly Oracle Cloud
• Proficiency in SQL for tax-related data analysis and troubleshooting
• Experience with tax reporting and compliance requirements
• Understanding of period-end tax processes and reconciliations
• Familiarity with SOX compliance requirements for tax processes
• Strong problem-solving skills for complex tax calculation issues
• Ability to work with cross-functional teams including finance, tax, and IT
• This position requires a blend of taxation expertise and technical troubleshooting
• capabilities to maintain critical tax management systems and ensure tax compliance across the organization