L3 Senior Consultant Reinsurance Functional

msg global solutions; Princeton (NJ); Hybrid; USD 95,000 - 155,000; Full time

Benefits offered by this job

Health Insurance

401k Plan

Paid Time Off

Training and Development

Flexible Working

Job summary

msg global solutions seeks a Reinsurance Consultant to join our Princeton, NJ team. You will analyze ceded and assumed reinsurance processes, design functional solutions, and support SAP Reinsurance Management implementations for international clients.

You will collaborate with cross-functional stakeholders, conduct fit-gap analyses, guide data migration, and optimize interfaces and reporting. Travel up to 80% is required, and you must be eligible to work in the US without sponsorship.

Qualifications

• Minimum 5 years in reinsurance consulting, business analysis, or software implementation.
• Strong knowledge of ceded/assumed reinsurance processes.
• Experience with SAP Reinsurance Management and other platforms.

Responsibilities

• Analyze ceded and assumed reinsurance processes to identify improvements and automation.
• Facilitate workshops with business, operations, finance, accounting, actuarial, and IT stakeholders.
• Gather, document, and validate requirements for functional designs.
• Perform fit-gap assessments and recommend optimal solutions.
• Support implementation and configuration within SAP Reinsurance Management.
• Define functional specs, business rules, and process flows.
• Analyze integrations between reinsurance platforms and other systems.
• Support data migration including mapping, cleansing, and reconciliation.

Skills

Fluent in English

Analytical and problem-solving skills

Communication & stakeholder management

Independent & team collaboration

Education

Bachelor’s degree or equivalent experience

Tools

SAP Reinsurance Management

Duck Creek

Effisoft WebXL

PrimaXL

Sapiens

DXC

Job description

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.

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.

Benefits

• Health Insurance: We offer health care with prescription drug coverage, as well as dental and vision, with a generous employer contribution for employee and dependents.
• FSA: We offer health and dependent care plans that allow you to use pre-tax dollars for applicable expenses.
• 401k Plan: We offer pre-tax and post-tax options with employer match.
• Life and Disability Insurances: We offer employer-paid life, AD&D, short and long-term disability.
• Flexible Working: We offer flexible work schedules, including flexible start and end times as well as remote and/or hybrid work.
• Paid Parental Leave: We offer 12 weeks of paid parental leave.
• Paid Time Off: We offer generous paid time off with incremental increases for length of service.
• Training and Development: We provide a broad training portfolio for personal and professional growth, including unlimited access to course platform to all our employees.