Position: Senior SAP FICO Consultant (FSCD/FSPL)
Location: Remote with travel
Employment mode: Contract to hire
Role Overview:
- The SAP FICO Finance SME will lead the design, configuration, and implementation of financial processes within SAP S/4HANA (or ECC), with a strong focus on Financial Services Collections & Disbursements (FS-CD) and Financial Services Profit & Loss (FS-PL) modules.
- This role will partner closely with business stakeholders in Finance, Accounting, and Insurance Operations to deliver end-to-end solutions that support collections, disbursements, premium postings, claims accounting, and policy-related financial reporting.
Key Responsibilities:
Solution Design & Blueprinting
- Lead workshops to gather business requirements for Finance, FS-CD, and FS-PL processes.
- Map business requirements to SAP best practices for insurance and financial services.
- Design end-to-end process flows integrating FICO with FS-CD, FS-PL, and other SAP modules (FI-GL, FI-AR, FI-AP, CO-PA, CO-OM).
Configuration & Development
- Configure FS-CD for collections, disbursements, payment processing, account determination, and correspondence management.
- Configure FS-PL for insurance portfolio financial postings, allocation rules, and reporting structures.
- Set up integration between FS-CD and FI-GL, CO, and Insurance Contract Accounting (FS-ICM).
- Define and maintain master data structures for business partners, contract accounts, and policy groups.
Integration Management
- Work with SAP technical teams to integrate FS-CD with external payment systems, banking interfaces, and claims/policy systems.
- Support middleware configuration for inbound/outbound interfaces (IDocs, BAPIs, APIs).
Testing & Quality Assurance
- Prepare functional specifications and work with ABAP teams for enhancements, user exits, and custom reports.
- Lead unit, integration, and UAT testing for FICO, FS-CD, FS-PL components.
- Ensure compliance with IFRS, GAAP, Solvency II, and other applicable accounting standards.
Support & Continuous Improvement
- Provide post-go-live support and knowledge transfer to internal teams.
- Identify process improvement opportunities in financial operations and insurance accounting.
Required Skills & Experience:
SAP Expertise
- 8+ years in SAP FICO functional consulting, with at least 4 years in FS-CD and FS-PL.
- Strong understanding of FI-GL, FI-AP, FI-AR, FI-AA, CO-PA, CO-OM.
- Experience with S/4HANA Finance innovations (Universal Journal, ACDOCA).
- Knowledge of Insurance Contract Accounting (FS-ICM) a plus.
Business Knowledge
- In-depth understanding of insurance industry finance processes, including premium billing, claims accounting, and commission payments.
- Experience with collections, dunning, payment plans, and reconciliation processes.
Technical & Integration Skills
- Experience in configuring business partner master data in FS-CD.
- Familiarity with integration between SAP and non-SAP systems (banking, CRM, policy admin systems).
- Working knowledge of IDocs, ALE, and interface troubleshooting.
Soft Skills
- Strong business analysis and problem-solving skills.
- Excellent stakeholder communication and workshop facilitation abilities.
- Ability to work in Agile, Waterfall, or hybrid delivery models.
Preferred Qualifications:
- SAP Certified Application Associate Financial Accounting with SAP S/4HANA.
- SAP FS-CD or FS-PL module certification.
- Previous experience in large-scale insurance or financial services SAP programs.
Typical Deliverables:
- Business requirement documents (BRDs) & functional specifications (FS).
- SAP configuration documents & transport management.
- Test scripts, UAT sign-off, and defect logs.
- End-user training materials and standard operating procedures.
- Cutover plans and post-go-live support documentation.