Job description
Job Description
- 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.
Required Skills and Experience
- 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.
Nice-to-Have Skills
- ReInsurance~PL/SQL
Job Location
NJ/Jersey City/07302, NJ/Parsippany/ 07054, NY/New York
Work Arrangement
Onsite / Remote ok for good profiles.
Experience Required
6 years
Visa Sponsorship
EAD (W2) CAN APPLY.
Meta Description
Senior SAP FS-RI Consultant needed with 6 years of SAP experience, 3+ years in FS-RI. Expertise in reinsurance, S/4HANA Finance, and FS-CD integration. Remote options available.