Role Name - SAP FS-RI Consultant (Reinsurance Management)
REQUIREMENT_CITY -NJ/Jersey City/07302, NJ/Parsippany/ 07054, NY/New York / Remote ok for good profiles
ROLE_DESCRIPTION -
Must Have Technical/Functional Skills
- Strong handson experience with SAP FSRI (Reinsurance) configuration and support
- Proven reinsurance domain expertise, including:
Treaty & Facultative reinsurance
Proportional and NonProportional 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 monthend, quarterend, and yearend close processes
- Integration experience with:
SAP S/4HANA Finance (FIGL, FIAP, FIAR)
SAP FSCD
- 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 nonSAP system interfaces
- Basic ABAP debugging/log analysis skills
- Insurance/Reinsurance industry experience is mandatory
- 6+ years of SAP experience with 3+ years of handson SAP FSRI experience
Roles & Responsibilities
- Analyze business requirements related to reinsurance processes and translate them into SAP FSRI functional solutions
- Configure and support SAP FSRI for treaty and facultative reinsurance, including proportional and nonproportional 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 periodend reinsurance activities
- Support monthend, quarterend, and yearend close processes related to reinsurance
- Work closely with Finance, Actuarial, and Business stakeholders to resolve functional issues
- Support and coordinate system integration with SAP FSCD, 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 FSRI / FSRI
- Reinsurance
- Treaty & Facultative
- Proportional / NonProportional
- Ceded & Assumed Reinsurance
- Treaty Configuration / Contract Setup
- Premium Calculation / EPI / UPR
- Claims & Recoveries
- SAP S/4HANA Finance (FIGL)
- SAP FSCD Integration
Skills: ReInsurance~PL/SQL
Experience Required: 10 & Above
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