Senior SAP FS-RI Consultant
- LanceSoft Inc.
23 Hours Ago
NA
C2C
Jersey City-NJ, Parsippany-NJ, New York-NY
10-15 Years
Required Skills: FI-GL, FI-AP, SIT, UAT, SAP FS-RI, SAP
Job Description
Seeking a Senior SAP FS-RI Consultant with strong hands-on experience in SAP FS-RI configuration and support, along with mandatory Insurance/Reinsurance domain expertise. The consultant will support reinsurance processes, accounting, integrations, testing, production issues, and business stakeholder requirements.
Responsibilities
- Analyze business requirements 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 calculations, 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.
- Work with Finance, Actuarial, and business stakeholders to resolve functional issues.
- Support integrations with SAP FS-CD, SAP FI, and upstream/downstream systems.
- Prepare functional specifications, configuration documents, and test scenarios.
- Support SIT, UAT, defect resolution, and production issues.
- Analyze posting logic, document flow, reconciliation issues, and data discrepancies.
- Support change management, transports, and release activities.
- Provide knowledge transfer and support onshore/offshore teams.
- Mentor junior team members and participate in Agile/Scrum ceremonies and backlog management.
Required Skills
- 10+ years of SAP experience with 3+ years of hands-on SAP FS-RI experience.
- Strong SAP FS-RI / FSRI configuration and support experience.
- Mandatory Insurance/Reinsurance industry experience.
- Strong understanding of:
- Treaty & Facultative Reinsurance
- Proportional & Non-Proportional Reinsurance
- Ceded & Assumed Reinsurance
- Treaty Configuration / Contract Setup
- Experience with premium calculation, postings, estimations, claims, recoveries, commissions, settlements, UPR, and reinstatement premiums.
- Strong understanding of reinsurance accounting principles.
- SAP S/4HANA Finance integration experience, including FI-GL, FI-AP, and FI-AR.
- SAP FS-CD integration experience.
- Experience with SIT, UAT, production support, and defect resolution.
- Ability to prepare functional specifications and participate in business requirement discussions.
- Exposure to SAP and non-SAP system interfaces.
- Basic ABAP debugging and log analysis skills.
- Strong communication, stakeholder management, problem-solving.
