SAP FICO/ FSCD/ FSPL Consultant

SAP FICO/ FSCD/ FSPL Consultant

Remote with Travel (Client pays all travel expenses)

Contract to hire

Role Overview

• The SAP FICO/ FSCD/ FSPL Consultant will lead the design, configuration, and implementation of financial processes within SAP S/4HANA (or ECC), with a strong focus on Financial Services Collections & Disbursements (FS-CD) and Financial Services Profit & Loss (FS-PL) modules.
• This role will partner closely with business stakeholders in Finance, Accounting, and Insurance Operations to deliver end-to-end solutions that support collections, disbursements, premium postings, claims accounting, and policy-related financial reporting.

Key Responsibilities

• Solution Design & Blueprinting

  • Lead workshops to gather business requirements for Finance, FS-CD, and FS-PL processes.

  • Map business requirements to SAP best practices for insurance and financial services.

  • Design end-to-end process flows integrating FICO with FS-CD, FS-PL, and other SAP modules (FI-GL, FI-AR, FI-AP, CO-PA, CO-OM).

• Configuration & Development

  • Configure FS-CD for collections, disbursements, payment processing, account determination, and correspondence management.

  • Configure FS-PL for insurance portfolio financial postings, allocation rules, and reporting structures.

  • Set up integration between FS-CD and FI-GL, CO, and Insurance Contract Accounting (FS-ICM).

  • Define and maintain master data structures for business partners, contract accounts, and policy groups.

• Integration Management

  • Work with SAP technical teams to integrate FS-CD with external payment systems, banking interfaces, and claims/policy systems.

  • Support middleware configuration for inbound/outbound interfaces (IDocs, BAPIs, APIs).

• Testing & Quality Assurance

  • Prepare functional specifications and work with ABAP teams for enhancements, user exits, and custom reports.

  • Lead unit, integration, and UAT testing for FICO, FS-CD, FS-PL components.

  • Ensure compliance with IFRS, GAAP, Solvency II, and other applicable accounting standards.

• Support & Continuous Improvement

  • Provide post-go-live support and knowledge transfer to internal teams.

  • Identify process improvement opportunities in financial operations and insurance accounting.

Required Skills & Experience

• SAP Expertise

  • 8+ years in SAP FICO functional consulting, with at least 4 years in FS-CD and FS-PL.

  • Strong understanding of FI-GL, FI-AP, FI-AR, FI-AA, CO-PA, CO-OM.

  • Experience with S/4HANA Finance innovations (Universal Journal, ACDOCA).

  • Knowledge of Insurance Contract Accounting (FS-ICM) a plus.

• Business Knowledge

  • In-depth understanding of insurance industry finance processes, including premium billing, claims accounting, and commission payments.

  • Experience with collections, dunning, payment plans, and reconciliation processes.

• Technical & Integration Skills

  • Experience in configuring business partner master data in FS-CD.

  • Familiarity with integration between SAP and non-SAP systems (banking, CRM, policy admin systems).

  • Working knowledge of IDocs, ALE, and interface troubleshooting.

• Soft Skills

  • Strong business analysis and problem-solving skills.

  • Excellent stakeholder communication and workshop facilitation abilities.

  • Ability to work in Agile, Waterfall, or hybrid delivery models.

Preferred Qualifications

• SAP Certified Application Associate Financial Accounting with SAP S/4HANA.

• SAP FS-CD or FS-PL module certification.

• Previous experience in large-scale insurance or financial services SAP programs.

Typical Deliverables

• Business requirement documents (BRDs) & functional specifications (FS).

• SAP configuration documents & transport management.

• Test scripts, UAT sign-off, and defect logs.

• End-user training materials and standard operating procedures.

• Cutover plans and post-go-live support documentation.