SAP FS-RI Functional Consultant

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Position: SAP FS-RI Functional Consultant

Location: Jersey City, NJ / New York City, NY

Duration: 12 months Contract

Responsibilities:

• 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.
  
  

Education: At least a bachelor’s degree (or equivalent experience) in Computer Science, Software/Electronics Engineering, Information Systems, or closely related field is required