SAP FS-RI Consultant (Reinsurance Management)

Tittle – SAP FS-RI Consultant (Reinsurance Management)

Location – NJ/Jersey City/07302, NJ/Parsippany/ 07054, NY/New York / Remote ok for good profiles

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.

SYSMIND LLC is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without any discrimination. We promote and support a diverse workforce at all levels in the company. All job offers are contingent upon completion of a satisfactory background check and reference checks. Additionally passing the drug test may also be required. All contractors intending to work on SYSMIND's W2 are "at will" employees.