Position: SAP FS-RI Functional Consultant

Location: Jersey City, NJ / New York City, NY

Duration: 12+ months Contract

Responsibilities:

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.

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

iTech US, Inc.

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