SAP FS-RI Consultant (Reinsurance Management)

Role: SAP FS-RI Consultant (Reinsurance Management)

Location: CITY -NJ/Jersey City/07302 NJ/Parsippany/ 07054 NY/New York / Remote with multiple locations..

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