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Hedge Accountant for Large Project Operations
4 days ago
About the Opportunity
We are seeking a detail-oriented and experienced Hedge Accountant to support establishing and managing hedge accounting practices. This role ensures compliance with accounting standards and drives improvements to our hedge accounting processes.
Key Responsibilities:
- Ensure accurate documentation of hedge relationships and assess hedge effectiveness
- Record and monitor hedging transactions in S4 HANA and ensure proper reporting in our consolidation tool
- Collaborate with the treasury team to evaluate financial risks related to foreign exchange for large, complex projects
- Prepare and present hedge accounting reports, disclosures, and reconciliations for financial statements
- Ensure compliance with relevant regulations, including IFRS 9 and Hitachi Energy reporting requirements
- Liaise with external auditors during audits and respond to inquiries
- Provide insights and recommendations to management and project controllers on improving hedging effectiveness
- Enhance hedge accounting processes and systems, with the support of IT, to improve efficiency and accuracy
- Work with project controllers on large, long duration and complex projects to effectively hedge risk exposure
Your Background
- Bachelor's degree in accounting, Economics and/or Business Administration
- Minimum 5 years of experience in hedge accounting, financial risk management, and/or treasury functions
- Strong knowledge of financial derivatives and hedging strategies
- In-depth understanding of IFRS 9 or similar hedge accounting standards
- Proficiency in financial software (e.g., SAP or specialized hedge accounting tools)
- Strong analytical, problem-solving, and organizational skills
- Excellent communication and interpersonal skills to interact with stakeholders
- Fluency in written and spoken English
What We Offer
- Collective agreement
- Flexible working time
- Health care and wellness allowance
- Career possibilities within Hitachi Energy both within Sweden and globally
- Mentor to support you throughout onboard phase
- Various trainings and education supporting employee development
- Diversified company with over 70+ nationalities working in Sweden
About Us
Hitachi Energy is a diversified company with a global presence. We offer a dynamic work environment with opportunities for growth and development.
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