Senior SAP FICO Consultant (FSCD/FSPL)

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.