Senior SAP FS-RI Consultant (Reinsurance Management)

Job Description

We are seeking an experienced Senior SAP FS-RI Consultant with strong Reinsurance domain expertise to support, enhance, and implement SAP FS-RI solutions for complex reinsurance business processes. The ideal candidate should have extensive experience in Treaty & Facultative Reinsurance, Reinsurance Accounting, and integration with SAP S/4HANA Finance and SAP FS-CD.

Required Skills

SAP FS-RI (Reinsurance)

• 6+ years of SAP experience with at least 3+ years of hands-on SAP FS-RI experience
• Strong experience in SAP FS-RI configuration and support
• Experience with Treaty & Facultative Reinsurance
• Experience with Proportional & Non-Proportional Reinsurance structures
• Experience with Ceded & Assumed Reinsurance

Reinsurance Domain Expertise

• Treaty/Contract Setup
• Premium Calculation
• Estimated Premium Income (EPI)
• Unearned Premium Reserve (UPR)
• Claims & Recoveries
• Commissions & Settlements
• Reinstatement Premiums
• Reinsurance Accounting

SAP Integration Experience

• SAP S/4HANA Finance (FI-GL, FI-AP, FI-AR)
• SAP FS-CD Integration
• SAP and Non-SAP Interfaces

Technical Skills

• Basic ABAP Debugging
• Log Analysis
• Functional Specifications
• SIT / UAT Support
• Production Support
• Data Reconciliation & Issue Resolution

Industry Experience

• Insurance/Reinsurance Industry Experience (Mandatory)

Roles & Responsibilities

• Analyze business requirements and translate them into SAP FS-RI solutions.
• Configure and support SAP FS-RI for Treaty and Facultative Reinsurance.
• Manage reinsurance contracts, treaties, sections, and participation structures.
• Support premium calculations, estimations, claims, recoveries, commissions, and settlements.
• Ensure accurate accounting postings and integration with SAP S/4HANA Finance.
• Manage UPR, EPI, reinstatement premiums, and reinsurance accounting activities.
• Support month-end, quarter-end, and year-end close processes.
• Collaborate with Finance, Actuarial, Business, and IT teams.
• Coordinate integrations with SAP FS-CD, SAP FI, and external systems.
• Prepare functional specifications, configuration documents, and test scenarios.
• Support SIT, UAT, defect resolution, and production deployments.
• Analyze and resolve reconciliation discrepancies, posting errors, and data issues.
• Participate in change management, release management, and transport activities.
• Provide knowledge transfer and mentoring to team members.

Preferred Skills

• Agile/Scrum Methodology
• Change Management
• Release Management
• Stakeholder Management
• Knowledge Transfer & Mentoring
• Strong Communication Skills

Keywords

SAP FS-RI, FSRI, Reinsurance, Treaty Reinsurance, Facultative Reinsurance, Proportional Reinsurance, Non-Proportional Reinsurance, Ceded Reinsurance, Assumed Reinsurance, Treaty Configuration, Contract Setup, Premium Calculation, EPI, UPR, Claims, Recoveries, Reinsurance Accounting, SAP S/4HANA Finance, FI-GL, FI-AP, FI-AR, SAP FS-CD, SIT, UAT, ABAP Debugging, Insurance Domain, Reinsurance Domain, Settlements, Commissions