Senior SAP FS-RI Consultant

Location: Jersey City, NJ / Parsippany, NJ / New York, NY
Work Arrangement: Hybrid
Contract Duration: 24 Months
Experience: 6+ years in SAP, 

Job Summary

We are seeking a Senior SAP FS-RI Consultant with strong hands-on experience in SAP Reinsurance configuration, reinsurance accounting, and insurance business processes. The ideal candidate will have expertise across treaty and facultative reinsurance and experience integrating SAP FS-RI with SAP S/4HANA Finance and SAP FS-CD.

The consultant will work closely with Finance, Actuarial, Business, and IT teams to deliver functional solutions, support testing and production issues, and ensure accurate reinsurance processing.

Primary Skills

• SAP FS-RI / FSRI,
• SAP Reinsurance,
• Treaty & Facultative Reinsurance,
• Proportional & Non-Proportional Reinsurance,
• Ceded & Assumed Reinsurance
• Treaty Configuration / Contract Setup
• SAP S/4HANA Finance
• SAP FS-CD
• Reinsurance Accounting

Secondary Skills

• Premium Calculation & Estimation,
• Claims & Recoveries,
• Commissions & Settlements,
• UPR & Reinstatement Premiums
• Month-End / Quarter-End / Year-End Close
• SIT / UAT / Production Support
• Functional Specifications
• SAP & Non-SAP Integrations
• ABAP Debugging / Log Analysis
• Agile / Scrum
• Backlog Management
• Stakeholder Management

Key Responsibilities

• Analyze reinsurance business requirements and translate them into SAP FS-RI functional solutions.
• Configure and support treaty and facultative reinsurance processes.
• Set up and maintain reinsurance contracts, treaties, sections, and participation structures.
• Support premium calculations, estimates, postings, claims, recoveries, commissions, and settlements.
• Manage UPR, reinstatement premiums, and period-end reinsurance activities.
• Ensure accurate reinsurance accounting and postings to SAP S/4HANA Finance.
• Support month-end, quarter-end, and year-end closing activities.
• Coordinate integrations between SAP FS-RI, SAP FS-CD, SAP FI, and other enterprise systems.
• Prepare functional specifications, configuration documents, and test scenarios.
• Support SIT, UAT, defect resolution, and production issues.
• Investigate posting errors, reconciliation issues, and data discrepancies.
• Participate in change management, transports, and release activities.
• Ensure adherence to internal controls, audit requirements, and regulatory standards.
• Collaborate with Finance, Actuarial, Business, and IT stakeholders.
• Provide knowledge transfer and support distributed/onshore-offshore teams.

Required Qualifications

• 6+ years of SAP experience.
• 3+ years of hands-on SAP FS-RI experience.
• Strong reinsurance domain expertise.
• Experience with Treaty and Facultative Reinsurance.
• Strong knowledge of Proportional and Non-Proportional structures.
• Experience with Ceded and Assumed Reinsurance.
• Strong understanding of reinsurance accounting principles.
• Experience with SAP S/4HANA Finance, including FI-GL, FI-AP, and FI-AR.
• Experience with SAP FS-CD.
• Experience supporting SIT, UAT, and production environments.
• Insurance/Reinsurance industry experience is mandatory.
• Strong communication, analytical, and problem-solving skills.

Preferred Qualifications

• Experience with SAP and non-SAP system interfaces.
• Basic ABAP debugging and log-analysis experience.
• Experience with Agile/Scrum methodologies.