Note: The job is a remote job and is open to candidates in USA. Saransh Inc is seeking a Senior SAP FS-RI Consultant specializing in Reinsurance Management. The role involves analyzing business requirements, configuring SAP FS RI, and ensuring accurate reinsurance accounting and compliance with internal controls.
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
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
Company Overview
Company H1B Sponsorship