Risk Management Specialist for Large Projects

11 hours ago


Ludvika, Dalarna, Sweden Hitachi Energy Full time

About the Role

We are seeking a highly skilled Risk Management Specialist to support establishing and managing Hitachi Energy's hedge accounting practices. As a detail-oriented professional with a strong background in financial risk management, you will ensure compliance with accounting standards and drive improvements to our hedge accounting processes.

You will play a critical role in managing and reporting derivative transactions, ensuring accurate hedge effectiveness testing and maintaining alignment with IFRS 9 requirements. To help establish and implement a fit-for-purpose approach to hedge accounting, you will be collaborating with corporate controlling, the business, treasury and IT.

Your 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

About You

  • 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. In-depth knowledge of other IFRS standards is strongly preferred
  • 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 (other languages are an advantage)


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