Senior Consultant Reinsurance Functional

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

Benefits offered by this job

Competitive salary

Discretionary bonus

Global team collaboration

Job summary

msg global solutions, Princeton, NJ, seeks a Senior Consultant Reinsurance Functional to join its hybrid, full-time team. You will analyze ceded and assumed reinsurance processes, lead workshops with stakeholders, and translate business needs into SAP Reinsurance Management configurations.

You will collaborate with global teams on complex international projects, support data migration, testing, and deployment, and contribute to continuous improvement initiatives in a dynamic environment.

Qualifications

• Minimum 5 years of experience in reinsurance consulting or related roles.
• Experience implementing or supporting reinsurance software platforms.
• Experience with SAP Reinsurance Management or other platforms listed.
• Experience in requirements gathering, process analysis, and functional design.
• Experience supporting data migration, interfaces, SIT/UAT, and post-production support.
• Bachelor’s degree or equivalent; willingness to travel up to 80%.

Responsibilities

• Analyze reinsurance business processes and identify improvements and automation.
• Facilitate workshops with business, operations, finance, and IT stakeholders.
• Document and validate requirements, translate to functional designs.
• Perform fit-gap assessments and recommend optimal solutions.
• Support implementation and configuration within SAP Reinsurance Management.
• Define functional specifications, business rules, and process flows.

Skills

Strong analytical skills

Strong communication

Independent work

Stakeholder management

Education

Bachelor’s degree or equivalent

Tools

SAP Reinsurance Management

Duck Creek

Effisoft WebXL

PrimaXL

Sapiens

DXC

Job description

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Senior Consultant Reinsurance Functional

Location: Princeton, NJ, US

Employment Type: Full Time

Work Model: Hybrid

Who we are

msg global solutions is a systems integrator, software development partner, and managed services provider focused on SAP solutions for multiple industries. Our services include strategies for accounting, finance, regulatory reporting, performance management, sustainability, customer experience, and IoT. Operating from offices across the globe and growing, we help clients achieve operational efficiency and improve decision-making capabilities. With deep industry knowledge, technical expertise, and a diverse range of perspectives, our people spark change and create innovative solutions to complex operational issues. Our goal is to create long-lasting client relationships built on trust and dependability.

msg global solutions is part of msg, an independent, international group of companies with more than 10,000 employees around the world.

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
• 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.

About msg global solutions

msg global is an Equal Opportunity Employer. Equal Employment Opportunity has been, and will continue to be, a fundamental principle for us. At the heart of this policy is our commitment that we make job related decisions based on the job related criteria. More specifically, employment is based on personal capabilities and qualifications without discrimination based on race, color, religion, sex, age, national origin, disability, sexual orientation, marital status, ancestry, veteran status or any other protected characteristic as established by law. These principles are to be applied to policies and procedures relating to recruitment and hiring, compensation, benefits, termination and all other terms and conditions of employment.