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Fico consultant skills for your resume and career

Updated January 8, 2025

3 min read

Below we've compiled a list of the most critical fico consultant skills. We ranked the top skills for fico consultants based on the percentage of resumes they appeared on. For example, 6.4% of fico consultant resumes contained master data as a skill. Continue reading to find out what skills a fico consultant needs to be successful in the workplace.

15 fico consultant skills for your resume and career

1. Master Data

Master data is the consistent, cohesive identifiers and extended attributes that describe the core entities of a company, including customers, prospects, citizens, vendors, locations, hierarchies, chart of accounts, and the objects around which a business is conducted. Master data enhances and improves data quality and can help eliminate data maintenance across multiple sources. Centralizing all master data enables companies to configure dedicated data governance and compliance processes.

Here's how fico consultants use master data:

Maintain Finance master data repository for DuPont globally.
Handled tasks of the Master data uploads (G/L accounts, Cost Centers, Customer master, Vendor master etc).

2. PCA

PCA (Personal Care Aide) skills are the abilities to provide assistance and care to elderly, disabled, sick, or fragile individuals.

Here's how fico consultants use pca:

Worked on the higher level design and customization of product cost controlling CO-PC, COPA, CCA and PCA.
Configured COPA, PCA and SPL (Special Purpose Ledger) modules and provided training to the key users.

3. Asset Classes

An asset class is a set or group of financial instruments with similar financial characteristics and responses to market fluctuations. Additionally, financial securities exhibit similar risk and return patterns within an asset class.

Here's how fico consultants use asset classes:

Worked with fixed Assets whereby I setup the Asset Classes, Configured the Chart of Depreciation and the depreciation Areas.
Set up asset classes and depreciation areas in FI-FA Capital expenditures were budgeted, purchased and tracked until retired.

4. Business Process

A business process is a group of tasks that are performed by people working in a business to attain a worthy product and to present it to their customers. A business process can also be defined as performing several steps to achieve a certain goal set by a company. Business processes need to set purposeful goals and the outcome of that goal should be clear.

Here's how fico consultants use business process:

Project Preparation: Gathering business requirements for existing business processes, identifying then on value-adding events to follow ASAP Methodology.
Followed ASAP Implementation methodology and designed the business processes, wrote blueprint phase documentation and completed Configuration during realization phase.

5. FI-GL

Here's how fico consultants use fi-gl:

Provided upgrade fixes in all areas of configuration in the application areas FI-GL, FI-AP, FI-AR, Treasury and Banking.
General Ledger (FI-GL): Configured the company code, posting period variants, new document types, house banks.

6. FI-MM

Here's how fico consultants use fi-mm:

Worked closely with MM Consultants for integration of FI-MM using MIRO (invoice verification) and MIGO (goods receipts).
Performed FI-MM integration: configured automatic account determination, insured smooth operation of MIGO-MIRO transactions (procure-to-pay)

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7. Calculation

Here's how fico consultants use calculation:

Design and configuration of Automatic Account Assignment, over/underpayments, Interest calculation and Credit management with 3 levels.
Configured Accrual Calculations using Percentage Method.

8. FI/CO

Here's how fico consultants use fi/co:

Developed unit test plans, performed security testing and managed integration testing and user training on the FI/CO modules to end-users.
Second and third line support to client across the whole range of FI/CO with specific requirements for Assets and Project system.

9. SAP ECC

Here's how fico consultants use sap ecc:

Participated in the implementation and integration of SAP ECC6.0 upgrade project.
SAP ECC 6.0 Scope: implementation support.

10. Lockbox

Here's how fico consultants use lockbox:

Configured Lockbox and Electronic Bank Statements.
Gathered business requirement, held meetings with Super users as well as internal IT resources in the process of Lockbox implementation.

11. Internal Orders

Here's how fico consultants use internal orders:

Developed enhancement functional specification for global internal orders.
Integrated IM with Internal Orders in CO and asset accounting AA in FI.

12. Cost Centers

Here's how fico consultants use cost centers:

Configured costing sheet for allocating overhead from cost centers to cost estimates and manufacturing orders.
Defined segments, worked on functional areas & activating the functional areas, assigning functional areas in cost centers.

13. Test Scripts

Test scripts validate the quality of the software or app being tested. An effective test script has all the steps to be taken to use a software program as well as the ending result of each step.

Here's how fico consultants use test scripts:

Created test scripts in Mercury -Quality Center for Unit testing, integration testing, sync testing and regression testing.
Developed test scripts and test scenario according to the requirement of the Business scenario using HP Quality Center.

14. Functional Specifications

Here's how fico consultants use functional specifications:

Worked with Clients to create Functional Specifications and work any additional changes to previous Functional Specification documents.
Involved in requirement gathering and functional specifications for various FI-CO-MM reports, enhancements.

15. ACH

Automated Clearing House, ACH is a computerized electronic network to process, coordinate and manage transactions (credit and debit) and automated money transfers between banks and other financial institutions without the use of paper checks, electronic transfers, credit cards, or cash networks. The ACH network is regulated by the federal government and managed by the National Automated Clearing House Association (NACHA).

Here's how fico consultants use ach:

Established and tested new bank accounts for AP check and ACH payment processing.
Invoice validation, setup detailed specs for electronic settlements (banking, wire transfers, ACH, billing, etc) .

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List of fico consultant skills to add to your resume

The most important skills for a fico consultant resume and required skills for a fico consultant to have include:

Master Data
PCA
Asset Classes
Business Process
FI-GL
FI-MM
Calculation
FI/CO
SAP ECC
Lockbox
Internal Orders
Cost Centers
Test Scripts
Functional Specifications
ACH
LSMW
Fixed Assets

Cost Elements
Bank Accounts
Gap Analysis
Copa
Payment Terms
Profitability Analysis
UAT
Credit Management
Organizational Structure
ABAP
Treasury
User Acceptance
Co-Pa
G/L
Account Balances
Credit Control
Gr/Ir

A/P
BOM
Bank Statements
Sap R
Project Systems
Vertex
SAP R/3
Automatic Payment Program
Sap Fi
Profit Centers
Accounts Receivables
Revenue Recognition
Fi-Sd
Account Determination
Ledgers

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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