SAP FS-RI Functional Consultant

Position: SAP FS-RI Functional Consultant

Location: Remote

Duration: 12+ months Contract

Responsibilities:

• Strong handson experience with SAP FSRI (Reinsurance) configuration and support
• Proven reinsurance domain expertise, including:
• Treaty & Facultative reinsurance
• Proportional and NonProportional 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 monthend, quarterend, and yearend close processes

· Integration experience with:

SAP S/4HANA Finance (FIGL, FIAP, FIAR)

SAP FSCD

· 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 nonSAP system interfaces

· Basic ABAP debugging/log analysis skills

· Insurance/Reinsurance industry experience is mandatory

· 6+ years of SAP experience with 3+ years of handson SAP FSRI experience

Roles & Responsibilities

• Analyze business requirements related to reinsurance processes and translate them into SAP FSRI functional solutions
• Configure and support SAP FSRI for treaty and facultative reinsurance, including proportional and nonproportional 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 periodend reinsurance activities
• Support monthend, quarterend, and yearend close processes related to reinsurance
• Work closely with Finance, Actuarial, and Business stakeholders to resolve functional issues
• Support and coordinate system integration with SAP FSCD, 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, If any

• 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.

Education: At least a bachelor’s degree (or equivalent experience) in Computer Science, Software/Electronics Engineering, Information Systems, or closely related field is required