Functional Consultant

Description:

Functional Consultant – Insurance (QA & Testing)
📍 Location: New York, NY, United States
🏢 Client: Wave Stone Consulting US Inc.
💼 Experience: 8+ Years
🛠️ Primary Skill: SAP FS-CD | Functional Configuration | Quality Assurance & Testing

About the Role
Wave Stone Consulting US Inc. is seeking an experienced Senior SAP FS-CD Functional Consultant with strong QA and testing expertise to support insurance-domain initiatives.
The ideal candidate will bring extensive hands-on experience with SAP Financial Services Collections and Disbursements (FS-CD), insurance billing and payments, functional configuration, system integration, and end-to-end quality assurance.

Key Responsibilities:
SAP FS-CD Functional Responsibilities
Lead requirements-gathering workshops and conduct fit-gap analysis with insurance business stakeholders.
Analyze AS-IS and TO-BE processes covering billing, payments, trust accounting, and dunning.
Configure SAP FS-CD master data, payment programs, clearing rules, dunning procedures, and correspondence.
Prepare Functional Specification Documents (FSDs) for RICEFW objects, including reports, interfaces, conversions, enhancements, forms, and workflows.
Collaborate with ABAP developers and coordinate integrations with related insurance and core SAP modules.

Quality Assurance & Testing Responsibilities
Develop comprehensive test strategies, end-to-end scenarios, test cases, and test scripts for FS-CD transactions, integrations, and batch jobs.
Execute Unit Testing (UT) and System Integration Testing (SIT), and support User Acceptance Testing (UAT).
Manage defect logging, triage, root cause analysis, retesting, and closure.
Work with tools such as JIRA, Azure DevOps, and SAP Solution Manager for defect and test management.
Develop and execute regression test suites for monthly and quarterly releases.
Support test automation using tools such as Tricentis Tosca, QTP/UFT, or SAP Solution Manager.

Required Qualifications:
8+ years of hands-on SAP FS-CD experience within the insurance domain.
Strong functional knowledge of insurance billing, collections, disbursements, payments, clearing, dunning, and trust accounting.
Experience with SAP FS-CD configuration, requirements analysis, and functional specifications.
Strong QA and testing experience across UT, SIT, UAT, regression testing, and defect management.
Experience collaborating with business stakeholders, ABAP developers, and cross-functional SAP teams.
Familiarity with JIRA, Azure DevOps, or SAP Solution Manager.
Strong analytical, communication, documentation, and problem-solving skills.