SAP Financial Services - Reinsurance Consultant

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Title

SAP Financial Services – Reinsurance Consultant

Location : Jersey City, NJ / Parsippany, NJ / New York, NY (Hybrid)

Relevant Experience (in Yrs.): 10+ Years

Detailed Job Description:

Role Descriptions:

· 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

Must have 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 experience

Generic Managerial Skills:

· 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. xhyhwjd

· Experience in Agile/Scrum ceremonies and backlog management.

Thanks & Regards

Venkatesh Kundurthi

Recruitment Manager || ASCII Group, LLC

Office:

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38345 W. 10 Mile Rd, Ste.#365; Farmington, MI 48335

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