SAP FS-RI Consultant

Job title : SAP FS-RI Consultant
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Location : Jersey City ,NJJob Type : ContractJob Description1. Role OverviewWe are looking for an experienced SAP FS-RI Consultant with strong hands-on experience in SAP Reinsurance Management, reinsurance business processes, configuration, and production support. The ideal candidate must have a solid understanding of reinsurance accounting, treaty and facultative reinsurance, and integration with SAP S/4HANA Finance and SAP FS-CD.Industry Experience: Insurance/Reinsurance industry experience is mandatory.2. Required Technical and Functional SkillsStrong hands-on experience with SAP FS-RI (Reinsurance) configuration and support.Proven reinsurance domain expertise, including:Treaty and Facultative Reinsurance.Proportional and Non-Proportional Reinsurance Structures.Ceded and Assumed Reinsurance.Experience in treaty/contract setup, premium calculation, postings, and estimations.Functional knowledge of claims processing, recoveries, commissions, settlements, Unearned Premium Reserve (UPR), and reinstatement premiums.Strong understanding of reinsurance accounting principles.Experience supporting month-end, quarter-end, and year-end closing 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 System Integration Testing (SIT), User Acceptance Testing (UAT), and production issues.Ability to prepare functional specifications and participate in business requirement discussions.Exposure to SAP and non-SAP system interfaces.Basic ABAP debugging and log analysis skills.Experience Required: 6+ years of SAP experience, including at least 3+ years of hands-on SAP FS-RI experience.3. Roles and ResponsibilitiesAnalyze 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 calculations, 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 closing processes related to reinsurance.Collaborate 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 issue management.Analyze and resolve posting errors, reconciliation issues, and data discrepancies.Ensure compliance with internal controls, audit requirements, and applicable regulations.Participate in change management, transport management, and release activities.Provide knowledge transfer and support to onshore/offshore teams as required.4. Mandatory Requirements6+ years of overall SAP experience.3+ years of hands-on SAP FS-RI experience.Mandatory insurance/reinsurance industry experience.Strong functional knowledge of reinsurance processes and accounting. xzbcwsv Experience integrating SAP FS-RI with SAP Finance and SAP FS-CD.