What are the responsibilities and job description for the SAP FPSL Consultant position at iTvorks Inc?
Job Details
Title: SAP FPSL Consultant
Location: Bridgewater, NJ Hybrid, 3days onsite
Job Type: W2 Contract
Roles and Responsibilities:
Successfully complete 2-3 end-to-end SAP implementations with extensive experience in FPSL.
Execute all business processes from a single source of truth.
Provide hands-on expertise in SAP S/4 FPSL, PaPM, FSRI, FSCD, and PSC.
Work with SAP Activate methodology (Discover, Prepare, Explore, Realize, Deploy, Run).
Integrate SAP S/4HANA Finance solutions effectively.
Handle data conversion and ETL processes for S/4HANA.
Implement innovations in S/4HANA Fiori applications.
Work with IFRS 17 and SAP S/4 HANA FPSL (Financial Product Sub Ledger) for insurance contracts.
Assess, design, and develop SAP FPSL insurance solutions (Register, Accrue, Defer, Write Down, Release, Value TC, Move & Transform, Value FX, Classify, Disclose, Split revenue, Adjust, Carry Forward).
Demonstrate expertise in measurement types (GMM, PAA, and VFA).
Understand SAP FP-SL architecture and components (SDL, RDL, CVPM).
Manage FPSL process flow, including registering, accruing, capturing (Central GAAP and Delta GAAP), unwinding, releasing, recognizing profit, and cost allocation.
Mandatory Skills:
Extensive experience in SAP S/4 FPSL, FSRI, FSCD, PSC.
Strong knowledge of SAP Activate methodology.
Expertise in financial data integration with SAP S/4HANA Finance.
Hands-on experience in data conversion and ETL tools.
Understanding of IFRS 17 compliance with SAP FPSL.
Deep knowledge of measurement types (GMM, PAA, VFA).
Proficiency in SAP FPSL architecture and core components.
Nice to Have:
Experience in SAP PaPM.
Knowledge of SAP Fiori app development.
Understanding of advanced insurance contract management.
Prior experience in financial risk and compliance solutions
