SAP Financial Services – Reinsurance Consultant - Jersey City, NJ / Parsippany, NJ / New York, NY (Hybrid)

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Title                               : SAP Financial Services – Reinsurance Consultant

Role Descriptions:
· 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
Must have experience:
· 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
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.