Hedge Accounting Specialist for Complex Projects
24 hours ago
About the Role
We are seeking a detail-oriented and experienced Hedge Accounting Specialist to support our hedge accounting practices. You will ensure compliance with accounting standards and drive improvements to our hedge accounting processes.
Your 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
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