Senior SAP FS RI Consultant

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