SAP FS-RI Consultant (Reinsurance Management)

Role Name - SAP FS-RI Consultant (Reinsurance Management)

REQUIREMENT_CITY -NJ/Jersey City/07302, NJ/Parsippany/ 07054, NY/New York / Remote ok for good profiles

Skills: ReInsurance~PL/SQL

Experience Required: 10 & Above

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