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Jobs · Information Technology · New Jersey

SAP-RI Consultant (Reinsurance Management) at NJ/Jersey City/ Parsippany/, NY/New York / Remote

VOLTO Consulting · Parsippany, NJ · 2 mo ago
On-siteInformation TechnologyFull-time

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
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
6+ 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

  • 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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