Position: SAP FS-RI Consultant (Reinsurance Management)
Location: Jersey City, NJ/Parsippany, NY (Onsite)
Duration: 6+ months Contract
Job Description:
Must Have Technical/Functional Skills:
- Strong hands‑on experience with SAP FS‑RI (Reinsurance) configuration and support.
- Proven reinsurance domain expertise, including:
- Treaty & Facultative reinsurance.
- Proportional and Non‑Proportional 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 month‑end, quarter‑end, and year‑end close processes.
- Integration experience with:
- SAP S/4HANA Finance (FI‑GL, FI‑AP, FI‑AR).
- SAP FS‑CD.
- 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 non‑SAP system interfaces.
- Basic ABAP debugging/log analysis skills.
- Insurance/Reinsurance industry experience is mandatory.
- 6+ years of SAP experience with 3+ years of hands‑on SAP FS‑RI experience.
Roles & Responsibilities:
- Analyze business requirements related to reinsurance processes and translate them into SAP FS‑RI functional solutions.
- Configure and support SAP FS‑RI for treaty and facultative reinsurance, including proportional and non‑proportional 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 period‑end reinsurance activities.
- Support month‑end, quarter‑end, and year‑end close processes related to reinsurance.
- Work closely with Finance, Actuarial, and Business stakeholders to resolve functional issues.
- Support and coordinate system integration with SAP FS‑CD, 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.
Skills: ReInsurance~PL/SQL
Experience Required: 10 & Above
Education: At least a bachelor’s degree (or equivalent experience) in Computer Science, Software/Electronics Engineering, Information Systems, or closely related field is required.
Thanks & Regards
Jyothi S
ITech US, Inc,
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