Position: Senior SAP FS-RI Consultant (Reinsurance Management)
Location: Jersey City, NJ 07302, Parsippany, NJ 07054, New York, NY
Duration: 12+ 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
Education: At least a bachelor’s degree (or equivalent experience) in Computer Science, Software/Electronics Engineering, Information Systems, or closely related field is required.
Jyothi S
ITech US, Inc,
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