FBS SAP FS-RI Consultant

FBS - Farmer Business Services is part of Farmers operations with the purpose of building a global approach to identifying, recruiting, hiring, and retaining top talent. By combining international reach with US expertise, we build diverse and high-performing teams that are equipped to thrive in today’s competitive marketplace.

We believe that the foundation of every successful business lies in having the right people with the right skills. That is where we come in-helping Farmers build a winning team that delivers consistent and sustainable results.

Since we don’t have a local legal entity, we’ve partnered with Capgemini, which acts as the Employer of Record. Capgemini is responsible for managing local payroll and benefits.

What to expect on your journey with us:

• A solid and innovative company with a strong market presence

• A dynamic, diverse, and multicultural work environment

• Leaders with deep market knowledge and strategic vision

• Continuous learning and development

An SAP FS-RI (Financial Services Reinsurance) Consultant designs, configures, and supports SAP reinsurance solutions. They bridge the gap between business requirements and technical execution, managing treaty/facultative structures, premium calculations, claims processing, and financial accounting to ensure seamless system integration

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.

Nice to Have

• Experience working in a production support environment

Benefits

This position comes with a competitive compensation and benefits package.

• 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.