FCCS (Oracle financial consolidation and close cloud service)

As an FCCS specialist at Oracle, your key responsibilities include end-to-end implementation of Oracle EPM FCCS applications, handling Statutory and Management Reporting, and developing Business Rules and Calc Scripts. You'll also manage the interaction of FCCS with other systems like ERP and HCM, ensuring everything runs smoothly and integrates effectively.

To qualify for an FCCS specialist position with Oracle, candidates should ideally have 5-12 years of relevant experience in Oracle EPM FCCS and HFM. A strong understanding of financial reporting, multi-GAAP, and statutory compliance is important, along with hands-on experience in related tools like Hyperion Financial Management, FDMEE, and Smart View.

Yes, prior experience in financial reporting is essential for the FCCS role at Oracle. Candidates are expected to be familiar with Income Statements, Balance Sheets, and Cash Flow reporting, alongside having a solid grounding in preparing reports under different GAAP standards.

Candidates seeking the FCCS position at Oracle should be proficient in a suite of tools including Hyperion Financial Management (HFM), Hyperion Financial Close Management (FCM), FDMEE, Smart View, and Hyperion Financial Reporting (HFR). Experience with these applications will be vital in delivering successful financial solutions.

As an FCCS specialist with Oracle, you will be involved in various projects related to implementation and optimization of Oracle EPM solutions. This includes working on statutory and management reporting projects, multi-GAAP setups, and ensuring smooth financial close processes for diverse clients.

In answering this question, provide a comprehensive overview of your hands-on experience with Oracle EPM FCCS, detailing specific projects, your role, the challenges faced, and how you contributed to successful implementations.

Discuss the fundamental differences, such as FCCS being cloud-based and focused on consolidation while HFM is more traditional and on-premise. Be prepared to highlight how those differences influence implementation and operational practices.

Explain your approach to intercompany eliminations, including the methods you use within FCCS to accurately reflect financial results, and mention any specific experiences where you overcame challenges in this area.

Share your structured approach to writing Business Rules, including how you gather requirements, define rules, test and validate them, and ensure they align with overall business objectives.

Provide examples of your strategies for maintaining data integrity, such as validation processes, error-checking methods, and tools used for data mapping between FCCS, ERP, and HCM systems.

Discuss your familiarity with various compliance frameworks, including IFRS, and how you have implemented these regulations during previous projects, ensuring meticulous adherence to statutory requirements.

Use this question as an opportunity to narrate a specific challenging project, detailing the challenges faced, your problem-solving approaches, and the overall results achieved, highlighting your technical and analytical skills.

Explain your methods for staying informed, such as following industry publications, participating in webinars, attending conferences, or being part of professional networks focused on financial technologies and reporting.

Share your insights on the importance of automation in financial consolidation and reporting processes, mentioning any specific tools or methodologies that you have successfully used to enhance efficiency and accuracy.

Describe your time management and prioritization techniques, including any tools you use to foster collaboration within your team to ensure timely and accurate financial reporting, even under pressure.