What are the responsibilities and job description for the SAP FS-RI Consultant (Reinsurance Management) position at Galaxy i Technologies, Inc.?
Job Title: SAP FS-RI Consultant (Reinsurance Management)
Location: NJ/Jersey City/07302, NJ/Parsippany/ 07054, NY/New York / Remote ok for good profiles
Location: NJ/Jersey City/07302, NJ/Parsippany/ 07054, NY/New York / Remote ok for good profiles
JD:
Role Name - 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
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
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