Proven reinsurance domain expertise, including: Treaty & Facultative reinsurance, Proportional and Non Proportional structures, Ceded and Assumed reinsurance. Configure and support SAP FS RI for treaty and facultative reinsurance, including proportional and non proportional structures.
Numbers & Facts
Location
Jersey City, NJ
Description
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