Senior SAP FS-RI Consultant (Reinsurance Management)

Position: Senior SAP FS-RI Consultant (Reinsurance Management)

Locations: New Jersey (Jersey City / Parsippany), New York (NYC)

Must-Have Skills

·         Strong hands-on experience in SAP FS-RI (Reinsurance) configuration & support

·         Deep domain expertise in:

·         Treaty & Facultative Reinsurance

·         Proportional & Non-Proportional structures

·         Ceded & Assumed Reinsurance

Experience in:

·         Contract/Treaty setup & configuration

·         Premium calculation, postings, estimations

·         Claims, recoveries, commissions, settlements

·         UPR & reinstatement premiums

·         Strong knowledge of Reinsurance Accounting Principles

·         Experience in period-end close (month/quarter/year)

Integration expertise with:

·         SAP S/4HANA Finance (FI-GL, FI-AP, FI-AR)

·         SAP FS-CD

·         Ability to analyze

·         Posting logic

·         Document flow

·         Reconciliation issues & data discrepancies

Experience in:

·         SIT, UAT & production support

·         Functional specifications & business requirement discussions

·         Basic ABAP debugging / log analysis

·         Mandatory: Insurance/Reinsurance domain experience

·         Experience: 6+ years SAP, including 3+ years in FS-RI

 Roles & Responsibilities

·         Analyze reinsurance business requirements & design SAP FS-RI solutions

·         Configure: Treaty & Facultative reinsurance Proportional & Non-Proportional structures

·         Maintain: Contracts, treaties, sections & participation structures

·         Handle: Premiums, estimations, claims, recoveries, commissions, settlements

·         Ensure accurate postings to SAP S/4HANA Finance

·         Manage: UPR, reinstatement premiums, period-end activities

·         Support: Month-end, quarter-end & year-end close

·         Collaborate with: Finance, Actuarial & Business teams

·         Integration support: FS-CD, FI & external systems

·         Prepare: Functional specs, configs & test cases

·         Support: SIT, UAT, defects & production issues

·         Resolve: Posting errors, reconciliation & data issues

·         Ensure: Audit, compliance & internal controls

·         Participate in: Change management & release activities

·         Provide: Knowledge transfer to teams

Managerial / Soft Skills

·         Strong stakeholder communication (Business + IT + Leadership)

·         Ability to handle multiple workstreams & priorities

·         Strong problem-solving mindset & attention to detail

·         Ability to mentor junior team members

·         Experience with Agile/Scrum