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.











