Senior SAP FS-RI Consultant (Reinsurance Management)

REQUIREMENT_CITY -NJ/Jersey City/07302, NJ/Parsippany/ 07054, NY/New York / Remote ok for good
Role Name - Senior SAP FS-RI Consultant (Reinsurance Management)

ROLE_DESCRIPTION -

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

Generic Managerial Skills, If any

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.

Key Words to search in Resume



SAP FS?RI / FSRI

Reinsurance

Treaty & Facultative

Proportional / Non?Proportional

Ceded & Assumed Reinsurance

Treaty Configuration / Contract Setup

Premium Calculation / EPI / UPR

Claims & Recoveries

SAP S/4HANA Finance (FI?GL)

SAP FS?CD Integration

Skills: ReInsurance~PL/SQL
Experience Required: 10 & Above