Role Name - Senior SAP-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 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
Roles & 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
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 FS‑RI / FSRI
· Reinsurance
· Treaty & Facultative
· Proportional / Non‑Proportional
· Ceded & Assumed Reinsurance
· Treaty Configuration / Contract Setup
· Premium Calculation / EPI / UPR
· Claims & Recoveries
· SAP S/4HANA Finance (FI‑GL)
· SAP FS‑CD Integration
Skills: ReInsurance~PL/SQL
Experience Required: 10 & Above
SYSMIND LLC is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without any discrimination. We promote and support a diverse workforce at all levels in the company. All job offers are contingent upon completion of a satisfactory background check and reference checks. Additionally passing the drug test may also be required. All contractors intending to work on SYSMIND's W2 are "at will" employees.
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