Senior SAP FS-RI Consultant

Position: Senior SAP FS-RI Consultant

Location: Jersey City, NJ / Parsippany, NJ / New York, NY

Duration: 24 Month Contract

Rate: $90/hr

Role Descriptions:

• 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

Must have experience:

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

Generic Managerial Skills:

• 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 Consultantly.
• Ability to mentor junior team members and support knowledge transfer.
• Experience in Agile/Scrum ceremonies and backlog management.

Keyword:

• SAP FS-RI / FSRI
• Reinsurance
• Treaty & Facultative
• Proportional / Non-Proportional
• Ceded & Assumed Reinsurance
• Treaty Configuration / Contract Setup

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