Senior Sap-ri Consultant

About the Role

We are seeking a Senior SAP-RI Consultant (Reinsurance Management) to join our team. This role requires strong hands-on experience with SAP FS-RI (Reinsurance) configuration and support, along with proven reinsurance domain expertise.

Key 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

Required Skills & Qualifications

• 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 experience • 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 • 10+ years of overall experience

Nice to Have

• 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

What We Offer

• Competitive hourly rate of $140/hr • Flexible work arrangements including remote options for qualified profiles • Opportunity to work with cutting-edge SAP technologies • Equal opportunity employment environment