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Senior SAP FS-RI Consultant
Artech LLC
- 🇺🇸 United States
- On-site
- Senior
- 6 hours ago
- $78 – $80 / hour
- SAP
- SAP S/4HANA
- Change Management
- ABAP
- Agile
- Scrum
6 hours ago
Location: Jersey City, NJ / Parsippany, NJ / New York, NY (Hybrid)
Duration: 24 months
Salary Range: $78.00 - $80.00/Hour on W2 (Without Benefits).
Applicants must be willing to work on W2
Job Description:
Experience Required: 10+ years
Required Experience: 7+ years in SAP S/4HANA
Role Description
- 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.
- 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.
- 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.
- SAP FS-RI / FSRI
- Reinsurance
- Treaty & Facultative
- Proportional / Non-Proportional
- Ceded & Assumed Reinsurance
- Treaty Configuration / Contract Setup
Senior SAP FS-RI Consultant · Artech LLC