SAP FS-RI Consultant (Reinsurance Management)

Job Title: SAP FS-RI Consultant (Reinsurance Management)

Location: NJ/Jersey City/07302 NJ/Parsippany/ 07054 NY/New York / Remote ok for good profiles

JD:

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


ROLEDESCRIPTION -


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.


Key Words to search in Resume






SAP FS RI / FSRI


Reinsurance


Treaty & Facultative


Proportional / Non Proportional


Ceded & Assumed Reinsurance


Treaty Configuration / Contract Setup


Premium Calculation / EPI / UPR


Claims & Recoveries


SAP S/4HANA Finance (FI GL)


SAP FS CD Integration




Skills: ReInsurancePL/SQL
Experience Required: 10 & Above

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