Senior Consultant Reinsurance Functional

msg global solutions • Full-time • Princeton, New Jersey, United States • 6d ago

What we do

The Reinsurance Business Unit offers implementation, advisory, and support services based on proven methodologies and best practices gained from helping organizations worldwide address challenges across ceded and assumed reinsurance operations.

As a trusted partner in reinsurance transformation initiatives, we help clients optimize business processes, modernize their technology landscape, improve data quality, streamline integrations, and increase operational efficiency through the SAP Reinsurance Management solution.

Our consultants work on complex international projects, collaborate closely with business and IT stakeholders, and help clients transform reinsurance operations covering premiums, claims, reserves, commissions, settlements, accounting, reporting, and regulatory requirements.

We offer ambitious professionals a dynamic and challenging environment, clear career paths, continuous learning opportunities, and exposure to some of the world's leading insurance and reinsurance organizations.

What you will do

Analyze ceded and assumed reinsurance business processes and identify opportunities for improvement and automation
Facilitate workshops and discussions with business, operations, finance, accounting, actuarial, and IT stakeholders
Gather, document, and validate business requirements and translate them into functional solution designs
Perform fit-gap assessments and recommend optimal solutions aligned with business objectives
Support implementation and configuration activities within SAP Reinsurance Management
Define and document functional specifications, business rules, process flows, and solution designs
Analyze integration requirements between reinsurance platforms and upstream/downstream systems
Support data migration activities including data analysis, mapping, cleansing, validation, reconciliation, and cutover preparation
Develop test scenarios and support SIT, UAT, defect resolution, and deployment activities
Investigate and resolve functional production issues and support continuous improvement initiatives
Collaborate with technical teams to ensure successful delivery of integrations, reports, conversions, and enhancements
Build and maintain trusted relationships with client stakeholders
Support business development initiatives, solution demonstrations, and proposal activities
Promote knowledge sharing and contribute to the continued growth of msg global's reinsurance practice

What we are looking for

Requirements

Minimum 5 years of experience in reinsurance consulting, business analysis, software implementation, or operational support
Strong understanding of ceded and/or assumed reinsurance processes
Experience implementing, supporting, or enhancing reinsurance software platforms
Experience with SAP Reinsurance Management, Duck Creek, Effisoft WebXL, PrimaXL, Sapiens, DXC, or other reinsurance administration platforms
Candidates with strong reinsurance implementation or support experience gained on non-SAP reinsurance platforms are strongly encouraged to apply. Training on SAP Reinsurance Management will be provided as needed.
Experience in requirements gathering, process analysis, and functional solution design
Experience supporting data migration, data conversion, reconciliation, and data quality initiatives
Experience analyzing and documenting system integrations and interface requirements
Experience supporting SIT, UAT, cutover, deployment, and post-production support activities
Strong analytical and problem-solving skills
Strong communication and stakeholder management skills
Ability to work independently and within international project teams
Bachelor’s degree or equivalent experience
Fluent in English
Ability to travel up to 80%
Must be legally authorized to work in United States without employer sponsorship

Nice to have

Experience with SAP Reinsurance Management
Knowledge of SAP integration with FI-GL, FI-AR, FS-CD, FPSL, PaPM, or related SAP solutions
Experience in reinsurance platform replacement or transformation programs
Knowledge of reinsurance accounting and financial reporting processes
Knowledge of US statutory reporting requirements including Schedule F and/or Schedule S
Experience working with APIs, ETL tools, data integration frameworks, or cloud integration platforms
Familiarity with SQL, data analysis, and reporting tools
Experience working in global delivery environments
Knowledge of Lloyd's, LORS, bordereaux processing, or delegated authority operations
Master's degree or MBA

What we offer

A place where individuals are equally valued and where diversity and cultural differences are cherished.
A global team of highly respected SAP and industry experts where you can make a difference.
The chance to be a part of a continuously growing business
Competitive salaries and a broad range of benefits which are highlighted below. The salary range for this position in the US are $95,000 to $155,000. Individual salaries within this range is determined by multiple factors including but not limited to skill set, experience, education and knowledge. The salary range is not inclusive of the generous discretionary bonus that is also part of the full package.