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Senior SAP FS-RI Consultant

Artech LLC

Jersey City, NJ

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JOB DETAILS
SALARY
$80–$90 Per Hour
SKILLS
ABAP Programming Language, Acceptance Testing, Accounting, Accounting Close, Accounts Payable, Accounts Receivable, Actuarial Skills, Agile Programming Methodologies, Analysis Skills, Backlog Prioritization, Business Analysis, Change Management, Claims Processing, Communication Skills, Consulting, Contract Management, Debugging Skills, Detail Oriented, Establish Priorities, Finance, Insurance, Internal Audit, Knowledge Transfer, Maintain Compliance, Mentoring, Offshoring, Problem Solving Skills, Reconciliation, Regulatory Requirements, Reinsurance, Requirements Management, SAP, SAP Administration, Scrum Project Management and Software Development, System Integration (SI), Team Player, Technical Leadership, Test Scenario
LOCATION
Jersey City, NJ
POSTED
26 days ago

Request ID: 91417-1
Title: Senior SAP FS-RI Consultant
Locations:  NJ/Jersey City/07302, NJ/Parsippany/ 07054, NY/New York / Remote ok for good
Duration: 6 Months
Pay Range: $80 - $90/Hour on W2/C2C (All inclusive)

Introduction

We are seeking a highly skilled consultant with extensive experience in SAP FS-RI (Reinsurance Management) to join our team. This role involves configuring and supporting reinsurance processes, working closely with finance and business stakeholders, and ensuring compliance with internal controls and audit requirements.

Required Skills & Qualifications

  • 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) and 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
  • Prior work experience at client or in client's industry

 

Preferred Skills & Qualifications

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

Day-to-Day 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

Company Benefits & Culture

  • Comprehensive health and wellness benefits
  • Opportunities for professional development and career growth
  • Collaborative and inclusive work environment

 

About the Company

A

Artech LLC