SAP FS RI Consultant

Sap Fs Ri Consultant 

Jersey City, Parsippany, or NYC

Fulltime

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 requ irements 

•  Participate in change management, transports, and release activities 

•  Provide knowledge transfer and support to onshore/offshore teams as required

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