SAP CO (FICO) Consultant – Offshore Resource

SAP CO (FICO) ConsultantExperience: 8–10 YearsRole: SAP CO (FICO) Consultant – Offshore ResourceEmployment Type: Full-TimeJob SummaryWe are looking for an experienced SAP CO (FICO) Consultant with strong functional expertise in Product Cost Controlling (CO-PC), Material Ledger, Actual Costing, Project Systems (PS), and Revenue Recognition.The candidate will support the design, configuration, implementation, and ongoing maintenance of SAP Controlling processes, with a strong focus on product costing, actual labor costing, project profitability, WIP, settlement, and revenue recognition for engineering and construction projects. The role will involve close collaboration with onshore teams, SAP PS, FI, and PA resources.Key ResponsibilitiesSAP CO / Product CostingDesign, configure, and support SAP CO processes with a strong focus on Product Cost Controlling (CO-PC).Configure and maintain Material Ledger and Actual Costing processes.Support standard costing, actual costing, and cost component structures.Perform and analyze variance calculations, including:Purchase Price Variances (PPV)Production VariancesMaterial and Activity VariancesSupport period-end closing activities related to CO-PC and Material Ledger.Analyze costing issues and provide functional solutions.Actual Labor Costing & Cost Center AccountingConfigure and support actual labor costing for project-based engineering and construction activities.Configure activity types, cost centers, activity rates, and rate calculations.Support labor cost allocation and project cost tracking.Analyze actual versus planned labor costs and identify cost variances.Ensure accurate integration of labor costs across CO and Project Systems.Project Costing & Revenue RecognitionWork closely with SAP PS teams to support project-based costing and profitability reporting.Implement and maintain Revenue Recognition using Results Analysis (RA) methods, including:Percentage of Completion (POC)Cost-based methodsRevenue-based methodsConfigure and support Work in Progress (WIP) calculation and settlement.Support project revenue recognition, cost recognition, and profitability reporting.Troubleshoot RA, WIP, settlement, and project profitability reconciliation issues.Integration & S/4HANAMaintain integration points between CO, PS, FI, and PA (Profitability Analysis).Ensure accurate flow of costs and revenues across integrated SAP modules.Work with SAP S/4HANA architecture, including a strong understanding of the Universal Journal (ACDOCA).Support S/4HANA implementations and migration activities involving CO, Material Ledger, and costing.Analyze and resolve integration and posting issues across modules.Implementation & SupportParticipate in full lifecycle SAP implementations and major S/4HANA migration projects.Gather business requirements and translate them into SAP CO functional solutions.Prepare functional specifications, configuration documentation, test scripts, and process documentation.Perform configuration, unit testing, integration testing, and support UAT.Troubleshoot production issues and provide timely functional resolutions.Support period-end and year-end closing activities.Collaborate with onshore teams and offshore functional/technical resources.Required Qualifications & Skills7 –12 years of overall SAP CO/FICO experience with strong functional expertise.Strong hands-on experience in Product Cost Controlling (CO-PC).Strong experience with Material Ledger and Actual Costing.Experience with standard costing and variance analysis.Deep understanding of:Purchase Price VariancesProduction VariancesWIPSettlementPeriod-end closingStrong experience in actual labor costing, activity types, cost centers, and rate calculations.Hands-on experience with Results Analysis (RA) and Revenue Recognition.Good understanding of project-based costing and profitability.Strong knowledge of SAP S/4HANA architecture and ACDOCA.Experience integrating CO with FI, PS, and PA.Strong analytical and troubleshooting skills.Project ExperienceMinimum 2 full lifecycle SAP implementations or major S/4HANA migration projects.Projects should include significant experience with Material Ledger, Standard Costing, and/or Actual Costing.Experience supporting engineering, construction, or other project-based industries is highly desirable.Preferred SkillsExperience with SAP S/4HANA Finance and Controlling.Knowledge of SAP Project Systems (PS).Experience with SAP Profitability Analysis (CO-PA).Experience in engineering and construction project environments.Exposure to SAP Fiori and S/4HANA reporting.SAP CO/FICO certification is an advantage.EducationBachelor's or Master's degree in Accounting, Finance, Information Systems, Computer Science, Engineering, or a related discipline.Key CompetenciesStrong functional and analytical capabilities.Excellent problem-solving and troubleshooting skills.Strong communication and stakeholder management skills.Ability to work effectively with onshore and offshore teams.Ability to manage multiple priorities in a project and support environment.Strong understanding of business processes and financial controls.