SAP FS-RI Functional Consultant

Exciting 6 month contract opportunity

Sydney based
Expert in FS-RI functionalities configuration
The role offers you the opportunity to contribute towards an extremely well
structured and mature environment, working on sophisticated enhancement projects.

Role: SAP FS-RI Functional Consultant

Location: Sydney
Contract Duration: 6 Months with possible extensions
Experience: 5 Years

Master in core FS-RI functionalities configuration and validation such as Configure

CB ( Calculation Bases ) and Earning Patterns
Set up F&E ( Forecast / Prognosis and Estimation )templates and development patters
Create GC ( Global condition ) templates to be calculated UPR and DACC
Create TCR ( Treaty calculation rules ) templates for NP treaty Assumed to Ceded
transfers
Set up RDC( Result Dependent Conditions ) for Profit Commission No claim bonus and
sliding scale
EPI ( Estimated Premium Income ) and estimations Forecasting and Actual posting for
Premium
UPR ( Un Earned Premium ) calculation using F&E or Global conditions
Reinstatement Premium calculation Signed line adjustments and Retro adjustments
Periodic Configuration changes handling for Entry codes LOB and COB
Other FS-RI concepts such as Endorsement Co-Cadent Participation, Treaty Fronting
Multi line year Inter locking retro multi treaty periods and multi treaty sections

Please apply now or call Kuldish Kaur on 0413 695070 for further information
regarding the role.

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Ability to process life and non-life insurance policies

Support for facultative, facultative obligatory, quota share, surplus and excess of
loss contracts for products in non-life segment
Management of assumed or submitted reinsurance contracts including the calculation
of retention
(Business) transaction processing on basis of underwriting, loss occurrence or
calendar year
Automatic calculation of quota share commission, contingent and sliding scale
commissions and retrospectively rated premium adjustments that can be calculated
for a single period
Automated processing of single or catastrophic damage events with the ability to
handle the claims costs on an individual or contractual basis
Automated processing of fund balance requirements
Automated inbound and outbound portfolio transfers
Automatic calculation of premium and accrual estimates, which include UEPR, late
travelling premium and IBNR (Incurred But Not Reported) amounts
Calculation of net due date for open receivables and payables based on customizable
rules
Calculation of intercompany reinsurance cessions based on customizable rules for
calculation
Role-based access to all areas of the user interface to protect insurance, claims
and accounting data
Direct interface to SAP FS-CD for the processing of cash-relevant [receivables and
payables] and non-cash relevant [UEPR, loss reserves, IBNR, premium estimates]
amounts
Interface to SAP FI-GL via FS-CD for the processing of all accounting data.
Support for multiple currencies
Ability to handle multiple GAAP accounts
External interfaces to an accounting system, if FI-GL is not implemented, and a
billing system if FS-CD is not implemented