Senior Accountant - FX - Hedge Accounting
Salesforce · Hyderabad · onsite · Posted 4d ago
Not disclosed7–9 yrsfulltimeSourced from
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About this role
Description
Role - Senior Accountant - Hedge accounting
Responsibilities
Hedge Accounting & Derivative Reporting
Role - Senior Accountant - Hedge accounting
Responsibilities
Hedge Accounting & Derivative Reporting
- Review, Execute and maintain hedge accounting: documentation, effectiveness testing, and entries.
- Record and monitor derivatives (forwards, swaps, options).
- Ensure timely P&L recognition and reclassification of hedge reserves.
- Prepare/review journal entries, reconciliations, and disclosures for hedging.
- Support month-end/quarter-end derivative accounting closing.
- Liaise with auditors; provide hedge accounting documentation.
- Collaborate with Treasury/Risk Management on hedge strategies and accounting.
- Validate mark-to-market valuations from banks/third parties.
- Ensure compliance with corporate policies and accounting standards. (US GAAP and IFRS)
- Identify opportunities to streamline/automate hedge accounting/reporting.
- Maintain robust internal controls over hedge documentation and accounting.
- Prepare monthly / quarterly financial statement flux variance analysis for management reporting
- Provide support to the 10-Q and 10-K reporting process, including preparing supporting schedules
- Work cross-functionally with and support our business partners by providing financial insights and relevant reporting
- Prepare SOX documentation including the EAE documentation as part of SOX control execution/compliance
- Assist in coordinating quarterly reviews, annual audits and SOX testing with internal and external auditors
- Work cross-functionally with the Regional and International accounting teams to ensure alignment and to drive process improvements
- Ability to quickly understand new processes identified and ready to work on such processes.
- Ability to work independently with the process owners to ensure that all tasks are completed on time and any changes communicated
- Create and maintain process documentation
- Deliver on ad-hoc projects / deliverables as necessary
- 7+ years of relevant experience in Accounting, analyzing information, attention to details, deadline oriented, thoroughness in the deliverables, spirit to work as a team and confidentiality
- 3+ years of relevant process experience (for the selected role) with ability to interpret and apply relevant US GAAP.
- Experience in SOX control documentation / execution
- Detail oriented, ability to multi-task and work independently
- Understanding of ERP systems and willingness to learn quickly. Knowledge of other tools such as Workday Financials, Blackline, eGRC360, Tableau, Hyperion, Microsoft Excel, Slack, etc. is desirable
- Strong organizational and verbal / written communication skills
- Passion in process improvement and automation
- Willing to work in a challenging environment
- Strong ability to respond quickly to various requests
- Must be a self-starter - ability to self-motivate, adapt to change and work in a fast-paced environment
Sourced from foundit
Skills
Derivative ReportingSlackUS GAAPerp systemsblacklinehyperionWorkday FinancialsHedge AccountingSOX control documentationTableauIFRSexceleGRC360
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