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Parsippany, NJ, USA
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· 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
Any Gradute
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