Business System Analyst IV- Finance and Accounting

2 weeks ago

Baltimore, United States Medifast, Inc Full time
About The Opportunity

At Medifast, our team members are relentless in our mission of driving Lifelong Transformation, Making a Healthy Lifestyle Second Nature™. When you join Medifast, you become part of a dynamic, fast-growing community of highly motivated, like-hearted people who share a passion for promoting health and wellness. Just as OPTAVIA Coaches inspire Clients to reach their personal wellness goals, at Medifast, we inspire each other to bring our best to work each day to further our shared mission. If you want to build a rewarding career that makes lives better on a daily basis, Medifast may be the perfect place for you.

I. Job Summary

The Business Analyst Oracle Financials will be part of Oracle ERP team, responsible for understanding business requirement, building functional specification, building report, configuring Oracle Financial system for business needs, understanding accounting implications, deploying and supporting Oracle financials modules, writing test scenarios, performing quarterly update testing.

II. Job Responsibilities
  • Support the Oracle Fusion Cloud including, General Ledger, Accounts Payable (IDR), Accounts Receivable, Fixed Assets, Cash Management during month end, quarter end and year end.
  • Troubleshoot issue and provide timely solutions during critical moments like month ends.
  • Pick and understand the incidents/cases in Jira and provide solutions to Business team members with extra emphasis on accuracy and "complete" solution.
  • Be able to create functional specification to build/update/change any integrations and interfaces
  • Build accounting rules in Sub Ledger Accounting (SLA) to support all sub-modules.
  • Should have expertise in configuring and supporting Oracle Fusion Cloud Financials for Retail industry or B2B2C environment. This may include creation of new legal entity, new COAs, new ledgers and configuring sub-ledgers based on the existing configuration for existing entities.
  • Build and Maintain Approval hierarchies based on employee roles and levels.
  • Deploy and maintain new Bank accounts, Payment Methods in virtual credit cards, Payment profiles, help in building integrations with new Banks, be able to support multi period accounting. Be able to support IDR. Have knowledge of Receipt Accounting to help with Accrual Reconciliation.
  • Thorough knowledge in Receivables. Understand integrations and provide support for Payment processing systems like Paymentech. Have moderate knowledge of the Order to Cash process flow to help with any Auto Invoicing issues.
  • Should be able to help Business Team members with their monthly Bank Reconciliations.
  • You will be the IT liaison to the Business Team. This will require good oral and written communication skills.
  • Be pro-active and understand severity of case and keep your superiors updated on sensitive issues.
  • Should have created Severity 1 issues with Oracle Support and have frequent follow up on Service Request
  • Have thorough knowledge of Translation, Inter Company transactions, Elimination Rules and Elimination Ledgers.
  • Currently there is apro-active process throughout the month to Close the periods on time.This has to be supported and enhanced to business needs.
  • Order Management, Inventory Management, Procurement, Supply Chain Planning, Cost Management that is part of the Order Management and Supply Chain Oracle Fusion has been deployed. Will be responsible to understand the accounting stream that flow from these sub-system in Financial Fusion Cloud.
  • We have Concur as our expense recording system. Responsibility is to understand the integration and resolve any issues.
  • Perform Unit Testing, Integrated Testing and oversee User Acceptance Testing for all configuration changes.
  • Should be thorough in documentation like Statement of Procedures, Change Configuration document, Playbooks, Presentation for Proof of Concepts.
  • Participate in change management process, communicate across relevant stakeholders, and conduct regular deployments.
  • Support day-to-day maintenance, upgrades, testing, releases, and complete regular internal system audits.
III. Scope

The scope for this role involves a combination of functional expertise, business acumen, and collaboration skills to ensure that Oracle Cloud ERP effectively meets the organization's Financial and Accounting business needs. Will analyze, design, implement, and support Oracle Cloud ERP solutions related to Financial and Accounting processes. Will collaborate closely with business stakeholders, IT teams, and end-users to ensure the effective utilization of Oracle Cloud ERP modules, focusing on General Ledger, Accounts Payable (IDR), Accounts Receivable, Fixed Assets, Cash Management functionalities. This role involves understanding business requirements, configuring Oracle ERP systems, and providing ongoing support to optimize Financial and Accounting operations.

IV. Knowledge, Skills & Abilities
  • Bachelor's degree Management Information System or Information Technology or Bachelor's degree in accounting with 5+ years Information Technology Experience.
  • Solid hands-on 7 + years of experience in Oracle Fusion Financial Cloud including General Ledger (General Accounting), Accounts Payable, Accounts Receivable, Fixed Assets, Cash Management, Cost and Receipt Accounting, Sub Ledger Accounting rules, Inter-company transactions, Integrations with Order Management and Shipping execution both in Implementing and supporting the system. Should have worked in multi-period, multi-currency environment.
  • 2+ years of experience in managing integrations with other feeder systems like Concur, Paymentech, Banks for Statements
  • Be able to build FRS and OTBI reports
  • Supporting PBCS cubes.
  • Have experience with creating Adhoc queries using SQL scripts.
  • Drive to work independently and provide integrated solutions.
  • Ability to learn quickly, be organized and detail oriented.
  • Ability to adjust to multiple demands, shifting priorities and changes.
  • Excellent organizational, verbal, and written communication skills.
  • Ability to negotiate, influence and provide guidance in a team-oriented, collaborative environment.
Nice to have:
  • Experience with working on SCM modules, Cost Management and Receipt Accounting
  • Experience in Core Accounting and Finance is a plus

At Medifast, Relationships Are At The Center Of What We Do

We thrive by elevating our connections with one another as well as with our Coaches & Clients. We believe that everyone has the potential to be OUTSTANDING. The Medifast culture is built on seven core values: integrity, courage, teaming, accountability, empowerment, partnership and diversity. These values aren't just words on a page - they are celebrated as a core part of the company's philosophy.

We Lead By...

Mastering Relationships: We build trust, promote collaboration and we are reliable.

Being Innovative: We strive to improve things in our areas of influence; test, refine and expand within the business strategy; and reach beyond real and perceived boundaries.

Simplifying: We are committed to making things measurable, repeatable and scalable; focusing on outcomes not activities; and eliminating complexity to increase focus.

Anticipating: We predict long-term business and organizational needs; challenge assumptions; and expect and prepare for the unexpected.

About Medifast®:

Medifast (NYSE: MED) is the health and wellness company known for its habit-based and coach-guided lifestyle solution OPTAVIA®, which provides people with a simple yet comprehensive approach to address obesity and support a healthy lifestyle. OPTAVIA's holistic solution includes lifestyle plans with clinically proven health benefits, scientifically developed products, and a framework for habit creation - all reinforced by independent coach support for customers on their weight loss journeys. Through its collaboration with national virtual primary care provider LifeMD® (Nasdaq: LFMD) and its affiliated medical group, the holistic solution now includes access to GLP-1 medications where clinically appropriate. Visit the OPTAVIA and Medifast websites for more information and follow Medifast on X and LinkedIn.

Thank you for taking the time to learn more about Medifast.

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