Hi,
My name is Rohit Chauhan, and I am a Staffing Specialist at Novia Infotech LLC. I am reaching out to you on an exciting job opportunity with one of our clients.
Job Title: Senior SAP
Reinsurance Management Consultant
Location: Jersey City, NJ / Parsippany, NJ / New York, NY
(Remote considered for strong candidates)
Position Overview
We are seeking a highly experienced Senior SAP FS-RI Consultant with deep expertise in SAP Financial Services Reinsurance (SAP FS-RI) and Reinsurance business processes. The ideal candidate will possess strong functional configuration experience, extensive insurance domain knowledge, and a proven track record supporting end-to-end reinsurance operations including treaty management, premium processing, claims recoveries, settlements, accounting, and financial close activities.
The consultant will work closely with business stakeholders, finance teams, actuarial departments, and technical teams to deliver and support SAP FS-RI solutions integrated with SAP S/4HANA Finance and SAP FS-CD.
Key Responsibilities
SAP FS-RI Functional Configuration & Support
- Analyze business requirements and translate them into SAP FS-RI functional solutions.
- Configure and support SAP FS-RI modules for:
- Treaty Reinsurance
- Facultative Reinsurance
- Proportional Reinsurance
- Non-Proportional Reinsurance
- Ceded Reinsurance
- Assumed Reinsurance
- Configure and maintain:
- Reinsurance Treaties
- Contracts
- Sections
- Layers
- Participation Structures
- Coverage Structures
- Support business process optimization and system enhancements.
Reinsurance Operations Management
- Manage premium calculations, estimated premium income (EPI), and premium adjustments.
- Support claims administration and reinsurance recoveries.
- Configure and support:
- Commissions
- Settlements
- Reinstatement Premiums
- Unearned Premium Reserve (UPR)
- Recoverables
- Loss Participation Calculations
- Ensure accurate processing of ceded and assumed business transactions.
Financial Accounting & Reconciliation
- Ensure accurate accounting postings from SAP FS-RI to SAP S/4HANA Finance.
- Support integration with:
- FI-GL
- FI-AP
- FI-AR
- SAP FS-CD
- Analyze posting logic and document flow.
- Resolve accounting discrepancies, reconciliation issues, and transaction failures.
- Support audit, compliance, and regulatory reporting requirements.
Financial Close Activities
- Support Month-End Close activities.
- Support Quarter-End Financial Reporting.
- Support Year-End Close processes.
- Validate premium, claims, reserves, commissions, and settlement postings.
- Coordinate with Finance and Accounting teams for reconciliation and reporting.
Integration & Technical Coordination
- Coordinate integrations between SAP FS-RI and:
- SAP S/4HANA Finance
- SAP FS-CD
- Policy Administration Systems
- Claims Management Systems
- External Reinsurance Platforms
- Third-Party Data Providers
- Support interface monitoring and issue resolution.
- Work with technical teams on inbound and outbound integrations.
- Perform basic ABAP debugging and log analysis to troubleshoot system issues.
Testing & Production Support
- Prepare functional specifications and configuration documentation.
- Develop test scenarios, test scripts, and business validation documents.
- Support:
- System Integration Testing (SIT)
- User Acceptance Testing (UAT)
- Regression Testing
- Production Support
- Manage defect triage, root cause analysis, and issue resolution.
- Participate in deployment, release, and transport management activities.
Stakeholder Collaboration
- Partner with:
- Reinsurance Business Teams
- Underwriting Teams
- Claims Departments
- Finance & Accounting Teams
- Actuarial Teams
- IT Development Teams
- Facilitate requirement gathering workshops and solution discussions.
- Provide knowledge transfer and mentoring to junior consultants and support teams.
Required Technical Skills
SAP Insurance & Reinsurance
- SAP FS-RI (Financial Services Reinsurance)
- Treaty Reinsurance
- Facultative Reinsurance
- Proportional Reinsurance
- Non-Proportional Reinsurance
- Ceded Reinsurance
- Assumed Reinsurance
- Contract & Treaty Configuration
- Claims & Recoveries
- Commissions & Settlements
- Reinstatement Premiums
- UPR (Unearned Premium Reserve)
- EPI (Estimated Premium Income)
SAP Finance & Integration
- SAP S/4HANA Finance
- FI-GL
- FI-AP
- FI-AR
- SAP FS-CD Integration
- Financial Postings
- Reconciliation & Accounting Controls
Database & Technical Skills
- PL/SQL
- SQL Query Analysis
- Data Validation
- Interface Monitoring
- Data Reconciliation
- Basic ABAP Debugging
- SAP Transport Management
Testing & Documentation
- Functional Specifications
- Configuration Documentation
- SIT
- UAT
- Defect Management
- Production Support
Required Qualifications
- 10+ years of overall SAP consulting experience.
- 3+ years of hands-on SAP FS-RI configuration and support experience.
- Strong Insurance/Reinsurance industry background.
- Deep understanding of reinsurance accounting principles.
- Experience supporting complex reinsurance business processes.
- Strong analytical, troubleshooting, and stakeholder management skills.
- Experience working in Agile and Waterfall delivery environments.
Preferred Qualifications
- SAP Insurance or Financial Services certifications.
- Experience with SAP S/4HANA transformations.
- Experience supporting large-scale reinsurance implementations.
- Knowledge of regulatory and compliance reporting requirements within insurance organizations.
- Experience working with global insurance carriers or reinsurance companies.
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Rohit Chauhan IT Recruiter A: 4421 Avenida Ln, McKinney, TX, 75070
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