SAP-RI Consultant (Reinsurance Management) - W2 Position

W2 Position 

The following requirement is open with our client. 

Client                                     : TCS

Title                                       : SAP-RI Consultant (Reinsurance Management)

Location                               : Jersey City/, NJ/Parsippany, NJ/ New York, NY / Remote

Duration                              : 6 Months

Rate                                       : $105/hr on W2

Relevant Experience      :  

Detailed Job Description:

We are looking for an experienced SAP-RI Consultant (Reinsurance Management).    

Job 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

Must Have 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

Thanks and Regards, 

Goutham Eluri

Technical Recruiter 

ASCII Group LLC. 

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

Office:

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