What are the responsibilities and job description for the Senior SAP FS RI Consultant position at Centraprise?
Senior SAP FS RI Consultant
Jersey City-NJ -Parsippany, NJ NY- New York /Remote
Full-Time Permanent
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 requ irements
- Participate in change management, transports, and release activities
- Provide knowledge transfer and support to onshore/offshore teams as required