SAP FS RI

Vankay Systems

Job Location:

Jersey, NJ - USA

Monthly Salary: Not Disclosed

Posted on: 5 hours ago

Vacancies: 1 Vacancy

Job Summary

Job Description:
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 requirement
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.

Job Description: 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 Ex...

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 requirement
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.