SAP FS-RI (Reinsurance) Consultant || NJ/Jersey City/07302, NJ/Parsippany/ 07054, NY/New York / Remote

[Savi Technologies LLC]

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Role: SAP FS-RI (Reinsurance) Consultant
Location: NJ/Jersey City/07302, NJ/Parsippany/ 07054, NY/New York / Remote

Must Have Technical/Functional Skills
· 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

Roles & 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

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.

Key Words to search in Resume

·       SAP FS‑RI / FSRI

·       Reinsurance

·       Treaty & Facultative

·       Proportional / Non‑Proportional

·       Ceded & Assumed Reinsurance

·       Treaty Configuration / Contract Setup

·       Premium Calculation / EPI / UPR

·       Claims & Recoveries

·       SAP S/4HANA Finance (FI‑GL)

·       SAP FS‑CD Integration

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Thanks

[Savi Technologies LLC]

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