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Senior SAP FS RI Consultant

ClifyX, INC

Jersey City, NJ

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JOB DETAILS
SKILLS
Acceptance Testing, Accounting, Accounting Close, Accounts Payable, Accounts Receivable, Actuarial Skills, Analysis Skills, Business Analysis, Change Management, Claims Processing, Consulting, Contract Management, Finance, Insurance, Internal Audit, Knowledge Transfer, Maintain Compliance, Offshoring, Problem Solving Skills, Reconciliation, Regulatory Requirements, Reinsurance, Requirements Management, SAP, SAP Administration, System Integration (SI), Test Scenario
LOCATION
Jersey City, NJ
POSTED
30+ days ago

Job Description
Senior SAP FS RI Consultant (Reinsurance Management)

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

About the Company

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ClifyX, INC