IFS Finance Consultant

Company Description Provitious Technologies is a technology-driven organization that empowers businesses to automate, scale, and accelerate their operations in today's digital era. From Custom Software Development and Business Process Automation to Microsoft Power Platform solutions like Power BI and PowerApps, the company specializes in crafting smart, scalable, and efficient systems that enable data-driven decision-making. Catering to industries such as Real Estate, Healthcare, Finance, and more, Provitious Technologies offers a global reach with solutions tailored to address unique business challenges. Guided by strategy, creativity, and collaboration, the company’s mission is to simplify technology and foster growth for enterprises worldwide. Role Description IFS Finance Functional Consultant – Rebates Specialist Job Summary We are looking for an experienced IFS Finance Functional Consultant with strong hands-on experience in IFS Applications / IFS Cloud Finance, particularly Rebates and Customer/Supplier Rebate Management. The consultant will be responsible for understanding business finance requirements, designing and configuring IFS Finance solutions, supporting implementations and enhancements, and working closely with business and technical teams. The ideal candidate should have practical experience designing, configuring, testing, and supporting rebate processes within IFS, including rebate agreements, eligibility rules, accruals, settlements, adjustments, and financial postings. Key Responsibilities 1. IFS Finance Functional Consulting Analyze business requirements and translate them into IFS Finance solutions. Conduct AS-IS / TO-BE process analysis and fit-gap workshops. Configure and support IFS Finance modules. Prepare functional specifications, solution designs, process documentation, and test scenarios. Work closely with finance, commercial, procurement, sales, and operational stakeholders. 2. Rebates – Core Responsibility Strong hands-on experience with IFS Rebates functionality is mandatory. Understand and configure customer and/or supplier rebate processes. Configure rebate agreements, conditions, eligibility criteria, calculation rules, and settlement processes. Handle different rebate structures based on: Customer Supplier Product Product group Quantity Revenue/value Period Sales/purchase volume Contract/agreement Understand rebate accrual and settlement processes. Configure and validate rebate calculations. Handle rebate adjustments, cancellations, credit/debit transactions, and settlements. Ensure correct accounting and financial postings generated from rebate transactions. Troubleshoot discrepancies between expected and calculated rebates. Work with technical teams on rebate-related reports, integrations, interfaces, and customizations. Support reconciliation of rebate accruals and settlements with the General Ledger. Assist business users in designing complex rebate scenarios and translating them into IFS functionality. 3. Core Finance Modules Hands-on knowledge of the following IFS Finance areas is expected: General Ledger Accounts Receivable Accounts Payable Cash / Bank Management Fixed Assets Tax Posting Controls Voucher Processing Financial Period Closing Financial Reconciliation Cost Accounting Financial Reporting Experience with Project Accounting, Inventory Accounting, and Order-to-Cash / Procure-to-Pay processes will be an advantage. 4. Implementation & Support Participate in IFS implementation, upgrade, rollout, and support projects. Gather requirements and prepare functional solution documents. Configure and validate IFS Finance functionality. Support data migration and master-data validation. Prepare and execute unit, SIT, regression, and UAT testing. Support cutover and Go-Live activities. Provide post-Go-Live support and resolve functional issues. Perform root-cause analysis for production issues. Work within defined SLA and support processes. 5. Integration & Technical Collaboration Work with technical consultants and developers on: Finance integrations Rebate interfaces Reports APIs Data migration Customizations Understand how transactions from Sales, Purchasing, Inventory, and other modules flow into Finance. Perform functional validation of integrations and financial postings. Basic knowledge of SQL for data validation and troubleshooting is desirable. 6. Documentation & Training Prepare functional specifications and process-flow documents. Create test cases and UAT scenarios. Prepare user manuals and SOPs. Conduct user training and knowledge-transfer sessions. Document configuration and business processes. Required Skills & Experience 5+ years of ERP Finance functional consulting experience. Strong hands-on experience with IFS Applications / IFS Cloud Finance. Proven practical experience with IFS Rebates. Experience with at least one complete IFS implementation, upgrade, or major rollout. Strong understanding of accounting and finance processes. Experience with GL, AP, AR, Fixed Assets, Cash Management, Tax, and financial reporting. Strong understanding of Order-to-Cash and/or Procure-to-Pay processes. Experience with requirement gathering, solution design, configuration, testing, and production support. Strong analytical and problem-solving skills. Excellent communication and stakeholder-management skills. Mandatory Rebate Experience Candidates should be able to demonstrate practical experience with scenarios such as: Customer rebate agreements Supplier rebates Volume-based rebates Value/revenue-based rebates Product/category-based rebates Period-based rebate agreements Tiered/slab-based rebate calculations Rebate accruals Rebate settlements Rebate adjustments Rebate reconciliation Financial posting of rebate transactions Rebate reporting and analysis Candidates with only general IFS Finance experience but no hands-on Rebates experience should not be considered for this position. Preferred Qualifications IFS Finance / IFS Cloud certification. Experience with IFS Applications 9/10 and/or IFS Cloud. Experience with IFS Business Reporter. Experience with IFS migration tools / data migration. Basic SQL knowledge. Experience working with integrations and APIs. Experience in manufacturing, distribution, retail, or other rebate-driven industries. CA / CMA / MBA Finance / M.Com or equivalent qualification is an advantage. Soft Skills Strong client-facing communication. Ability to independently analyze complex business requirements. Strong documentation skills. Ability to lead workshops with finance and business users. Ability to explain complex ERP processes to non-technical users. Comfortable working with offshore/onshore teams. Ability to manage multiple priorities and meet project deadlines. Employment Details Position: IFS Finance Functional Consultant – Rebates Specialist