At a Glance
- Tasks: Lead the design and deployment of SAP FPSL, focusing on IFRS 9 accounting rules.
- Company: Join a dynamic team in the banking/financial services sector, driving innovative solutions.
- Benefits: Enjoy a competitive rate of £617 per day and hybrid working options.
- Why this job: Be part of a crucial project that shapes financial compliance and integration in a complex environment.
- Qualifications: 3+ years in SAP FPSL with a strong grasp of IFRS 9 and financial reporting.
- Other info: Contract role for 9 months, requiring 2 days in the London office weekly.
The predicted salary is between 50000 - 85000 £ per year.
Start ASAP - 9 month contract
Location: hybrid, 2 days required per week in office, London
Rate: £617 per day (gross, inc holiday pay)
JD Overview
We are hiring for a SAP FPSL Functional Consultant to support the implementation of SAP Financial Products Subledger (FPSL) in a complex multi-core-source system landscape. The role will focus on IFRS 9 accounting rules, event-based accounting models, and financial integration within a banking/financial services environment. The consultant will work closely with Finance, Accounting, and IT teams to develop and optimize the FPSL framework, ensuring compliance with regulatory and business requirements.
Key Responsibilities
- Lead the design, configuration, and deployment of SAP FPSL with a focus on IFRS 9 accounting rules.
- Define and implement event-based accounting models, posting logic, and subledger-to-general-ledger mappings.
- Collaborate with business stakeholders to develop accounting rules frameworks, valuation models, and financial product mappings.
- Ensure seamless data integration from multiple core banking and general systems into FPSL.
- Work with testing teams to develop UAT and system validation strategies.
Skills & Experience Required
- 3+ years of experience in SAP FPSL accounting solutions for banking (preferred).
- Deep understanding of IFRS 9, financial instruments, subledger accounting, and risk-based reporting.
- Experience integrating SAP FPSL with multiple core source systems.
- Strong knowledge of ledger setup, account determination, and financial reporting structures.
- Experience in multi-entity, multi-ledger, and multi-GAAP reporting environments.
- Familiarity with treasury and risk management principles.
- Certifications - SAP FPSL or earlier versions (SAP Bank Analyser, Smart AFI, etc.) is a plus.
SAP FPSL Functional Consultant employer: Ntrinsic Consulting
Contact Detail:
Ntrinsic Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land SAP FPSL Functional Consultant
✨Tip Number 1
Network with professionals in the banking and financial services sector who have experience with SAP FPSL. Attend industry events or webinars to connect with potential colleagues and learn about their experiences, which can give you insights into the role.
✨Tip Number 2
Familiarise yourself with IFRS 9 accounting rules and event-based accounting models. Consider joining online forums or groups focused on these topics to engage in discussions and gain deeper knowledge that will be beneficial during interviews.
✨Tip Number 3
Prepare to discuss your previous experiences with integrating SAP FPSL into multi-core source systems. Be ready to share specific examples of challenges you faced and how you overcame them, as this will demonstrate your problem-solving skills.
✨Tip Number 4
Research StudySmarter's values and culture to align your approach during interviews. Understanding our mission and how we operate can help you articulate why you're a great fit for the team and the role.
We think you need these skills to ace SAP FPSL Functional Consultant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with SAP FPSL and IFRS 9 accounting rules. Use specific examples from your past roles that demonstrate your expertise in financial integration and subledger accounting.
Craft a Compelling Cover Letter: In your cover letter, explain why you are the perfect fit for this role. Mention your experience in banking/financial services and how you have successfully implemented SAP FPSL in previous projects.
Highlight Relevant Skills: Clearly outline your skills related to ledger setup, account determination, and financial reporting structures. Emphasise any certifications you hold, such as SAP FPSL or earlier versions, to strengthen your application.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is crucial in the finance sector.
How to prepare for a job interview at Ntrinsic Consulting
✨Understand IFRS 9 Inside Out
Make sure you have a solid grasp of IFRS 9 accounting rules. Be prepared to discuss how these rules apply to financial products and how they influence event-based accounting models. This knowledge will demonstrate your expertise and relevance for the role.
✨Showcase Your Integration Experience
Highlight your experience with integrating SAP FPSL into multiple core source systems. Be ready to provide specific examples of challenges you've faced and how you overcame them, as this will show your problem-solving skills and technical proficiency.
✨Collaborate Effectively
Since the role involves working closely with Finance, Accounting, and IT teams, be prepared to discuss your collaboration skills. Share examples of past projects where you successfully worked with cross-functional teams to achieve common goals.
✨Prepare for Technical Questions
Expect technical questions related to ledger setup, account determination, and financial reporting structures. Brush up on these topics and be ready to explain your thought process and methodologies in detail during the interview.