Senior SAP FS-RI Consultant (Reinsurance Management)

TCS•Parsippany, NJ

1d•Remote

About The Position

We are seeking a highly experienced Senior SAP FS-RI Consultant with a strong background in reinsurance management to join our team. The ideal candidate will have extensive hands-on experience with SAP FS-RI configuration and support, coupled with a deep understanding of the reinsurance domain. This role involves analyzing business requirements, designing and implementing SAP FS-RI solutions, and supporting various stages of the system lifecycle, including testing and issue resolution. You will collaborate closely with finance, actuarial, and business stakeholders to ensure accurate financial postings and compliance with industry standards.

Requirements

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.
ReInsurance~PL/SQL

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.
Communicate effectively with stakeholders across business, IT, and leadership.
Manage multiple workstreams, prioritize tasks, and deliver within timelines.
Mentor junior team members and support knowledge transfer.
Participate in Agile/Scrum ceremonies and backlog management.