FBS SAP FS-RI Consultant

Posted 3hrs ago

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Job Description

SAP FS-RI Consultant managing business application designs and supporting SAP reinsurance solutions for Farmers. Collaborating with various teams to ensure seamless integration and functionality.

Responsibilities:

  • Provides high level of expertise in the design and functionality of business applications
  • Understands the business objectives and how best they can be supported by IT
  • Responsible for the conceptual design of business applications
  • Reviews and validates the technical design for business applications provided by the supplier
  • Performs quality review checks on project deliverables
  • Validates suppliers estimates
  • Performs impact analysis of application changes across various components
  • Reviews and validates the detailed technical design for business applications provided by the supplier to ensure alignment with business requirements
  • Performs quality review checks on project deliverables
  • Supports the implementation activities, troubleshooting system environmental issues, training as required
  • Translate complex reinsurance requirements into functional and technical specifications.
  • Set up and maintain treaty and facultative structures, proportional/non-proportional arrangements, participation structures, and risk accumulations.
  • Ensure accurate reinsurance accounting (UPR, EPI, reinstatement premiums) and seamless integration with SAP S/4HANA Finance and SAP FS-CD.
  • Manage period-end (month, quarter, year-end) close processes, premium estimations, claims recoveries, and settlements.
  • Lead or support System Integration Testing (SIT) and User Acceptance Testing (UAT), defect resolution, and data reconciliation.
  • Work alongside Actuarial, Finance, Business Operations, and IT teams to implement and optimize SAP systems.

Requirements:

  • 5+ Year working with SAP environment
  • Deep understanding of both general reinsurance concepts and insurance operations.
  • Hands-on experience with SAP FS-RI module configurations.
  • Proficiency in linking FS-RI with SAP FS-CD (Collections and Disbursements) and SAP FI/CO.
  • Background in managing proportional/non-proportional treaties and facultative contracts.
  • Experience working in a production support environment

Benefits:

  • A competitive salary and performance-based bonuses.
  • Comprehensive benefits package.
  • Flexible work arrangements (remote and/or office-based).
  • You will also enjoy a dynamic and inclusive work culture within a globally renowned group.
  • Private Health Insurance.
  • Paid Time Off.
  • Training & Development opportunities in partnership with renowned companies.