Location: Jersey City, NJ / Parsippany, NJ / New York, NY
Work Arrangement: Hybrid
Contract Duration: 24 Months
Experience: 6+ years in SAP,
Job Summary
We are seeking a Senior SAP FS-RI Consultant with strong hands-on experience in SAP Reinsurance configuration, reinsurance accounting, and insurance business processes. The ideal candidate will have expertise across treaty and facultative reinsurance and experience integrating SAP FS-RI with SAP S/4HANA Finance and SAP FS-CD.
The consultant will work closely with Finance, Actuarial, Business, and IT teams to deliver functional solutions, support testing and production issues, and ensure accurate reinsurance processing.
Primary Skills
- SAP FS-RI / FSRI,
- SAP Reinsurance,
- Treaty & Facultative Reinsurance,
- Proportional & Non-Proportional Reinsurance,
- Ceded & Assumed Reinsurance
- Treaty Configuration / Contract Setup
- SAP S/4HANA Finance
- SAP FS-CD
- Reinsurance Accounting
Secondary Skills
- Premium Calculation & Estimation,
- Claims & Recoveries,
- Commissions & Settlements,
- UPR & Reinstatement Premiums
- Month-End / Quarter-End / Year-End Close
- SIT / UAT / Production Support
- Functional Specifications
- SAP & Non-SAP Integrations
- ABAP Debugging / Log Analysis
- Agile / Scrum
- Backlog Management
- Stakeholder Management
Key Responsibilities
- Analyze reinsurance business requirements and translate them into SAP FS-RI functional solutions.
- Configure and support treaty and facultative reinsurance processes.
- Set up and maintain reinsurance contracts, treaties, sections, and participation structures.
- Support premium calculations, estimates, postings, claims, recoveries, commissions, and settlements.
- Manage UPR, reinstatement premiums, and period-end reinsurance activities.
- Ensure accurate reinsurance accounting and postings to SAP S/4HANA Finance.
- Support month-end, quarter-end, and year-end closing activities.
- Coordinate integrations between SAP FS-RI, SAP FS-CD, SAP FI, and other enterprise systems.
- Prepare functional specifications, configuration documents, and test scenarios.
- Support SIT, UAT, defect resolution, and production issues.
- Investigate posting errors, reconciliation issues, and data discrepancies.
- Participate in change management, transports, and release activities.
- Ensure adherence to internal controls, audit requirements, and regulatory standards.
- Collaborate with Finance, Actuarial, Business, and IT stakeholders.
- Provide knowledge transfer and support distributed/onshore-offshore teams.
Required Qualifications
- 6+ years of SAP experience.
- 3+ years of hands-on SAP FS-RI experience.
- Strong reinsurance domain expertise.
- Experience with Treaty and Facultative Reinsurance.
- Strong knowledge of Proportional and Non-Proportional structures.
- Experience with Ceded and Assumed Reinsurance.
- Strong understanding of reinsurance accounting principles.
- Experience with SAP S/4HANA Finance, including FI-GL, FI-AP, and FI-AR.
- Experience with SAP FS-CD.
- Experience supporting SIT, UAT, and production environments.
- Insurance/Reinsurance industry experience is mandatory.
- Strong communication, analytical, and problem-solving skills.
Preferred Qualifications
- Experience with SAP and non-SAP system interfaces.
- Basic ABAP debugging and log-analysis experience.
- Experience with Agile/Scrum methodologies.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, genetic information, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.
We are committed to providing reasonable accommodations to qualified applicants with disabilities and for sincerely held religious beliefs, as required by applicable law. Applicants who require a reasonable accommodation during the hiring process may request assistance.
Employment may be contingent upon the successful completion of job-related pre-employment screening, which may include background and reference checks and, where permitted by applicable law and applicable to the position, drug testing. All such screening will be conducted in accordance with applicable federal, state, and local laws.
