SAP FS-RI Consultant (Reinsurance Management)

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Role Name - SAP FS-RI Consultant (Reinsurance Management)

REQUIREMENT_CITY -NJ/Jersey City/07302, NJ/Parsippany/ 07054, NY/New York / Remote ok for good profiles

ROLE_DESCRIPTION -

Must Have Technical/Functional Skills

Treaty & Facultative reinsurance

Proportional and NonProportional structures

Ceded and Assumed reinsurance

Experience with treaty/contract setup, premium calculation, postings, and estimations
Functional knowledge of claims processing, recoveries, commissions, settlements, UPR, and reinstatement premiums
Strong understanding of reinsurance accounting principles
Experience supporting monthend, quarterend, and yearend close processes
Integration experience with:

SAP S/4HANA Finance (FIGL, FIAP, FIAR)

SAP FSCD

Ability to analyze posting logic, document flow, reconciliation issues, and data discrepancies
Experience supporting SIT, UAT, and production issues
Ability to prepare functional specifications and support business requirement discussions
Exposure to SAP and nonSAP system interfaces
Basic ABAP debugging/log analysis skills
Insurance/Reinsurance industry experience is mandatory
6+ years of SAP experience with 3+ years of handson SAP FSRI experience

Roles & Responsibilities

Analyze business requirements related to reinsurance processes and translate them into SAP FSRI functional solutions
Configure and support SAP FSRI for treaty and facultative reinsurance, including proportional and nonproportional structures
Set up and maintain reinsurance contracts, treaties, sections, and participation structures
Support premium calculation, estimations, postings, claims, recoveries, commissions, and settlements
Ensure accurate reinsurance accounting and postings to SAP S/4HANA Finance
Manage UPR, reinstatement premiums, and periodend reinsurance activities
Support monthend, quarterend, and yearend close processes related to reinsurance
Work closely with Finance, Actuarial, and Business stakeholders to resolve functional issues
Support and coordinate system integration with SAP FSCD, SAP FI, and upstream/downstream systems
Prepare and maintain functional specifications, configuration documents, and test scenarios
Support SIT, UAT, defect resolution, and production issues
Analyze and resolve posting errors, reconciliation issues, and data discrepancies
Ensure compliance with internal controls, audit, and regulatory requirements
Participate in change management, transports, and release activities
Provide knowledge transfer and support to onshore/offshore teams as required

Generic Managerial Skills, If any

Strong communication skills for stakeholder management across business, IT, and leadership groups.
Ability to manage multiple workstreams, prioritize tasks, and deliver within timelines.
Problem-solving mindset with attention to detail and ability to work independently.
Ability to mentor junior team members and support knowledge transfer.
Experience in Agile/Scrum ceremonies and backlog management.

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