Hedge Accounting Specialist
Rio de Janeiro - ECO Sapucai, BR
Job Purpose
We are seeking a highly analytical and detail-oriented Hedge Accounting Specialist to join our finance team. The successful candidate will be responsible for the end-to-end process of hedge accounting, including derivative instruments analysis, hedge effectiveness assessments, and accounting under ASC 815 (or IFRS 9, as applicable).
Job Description
• Derivative Instruments Accounting & Analysis: Monitor, account for, and analyze all derivative transactions including forwards, swaps, options, and futures. Ensure proper classification and valuation in accordance with hedge accounting standards.
• OCI (Other Comprehensive Income) Analysis: Prepare and review OCI entries related to hedge accounting. Analyze fluctuations and report impacts on financial statements.
• Hedge Cost Allocation: Analyze and allocate hedge costs between business units or cost centers. Track cost of hedging strategies (e.g., forward points, option premiums) and ensure correct accounting treatment.
• Spot and Forward Points Rate Analysis: Perform in-depth analysis on spot vs. forward points movements and their impact on hedging relationships and financial results.
• Mark-to-Market (MTM) Analysis: Calculate and explain changes in the fair value of derivative positions. Work with valuation models and external pricing sources.
• Hedge Effectiveness Testing & Documentation: Execute prospective and retrospective effectiveness tests (qualitative and/or quantitative). Maintain comprehensive documentation for audit and compliance purposes.
• Collaboration & Reporting: Work closely with Treasury, FP&A, and external auditors to ensure the accuracy and transparency of hedge accounting results. Prepare reports and dashboards as needed for internal stakeholders.
• Compliance & Controls: Ensure adherence to internal controls and compliance with accounting standards such as ASC 815 or IFRS 9. Support external and internal audits as required.
• FX Analysis - Conduct detailed Foreign Exchange variance analysis to identify and explain deviations in currency conversion impacts across global transactions enabling data-driven insights.
You are meant for this job if:
• Bachelor's degree in Accounting, Finance, or Economics (MBA is a plus)
• Experience in hedge accounting, financial reporting, or treasury operations
• Strong understanding of derivative instruments and financial risk management
• In-depth knowledge of hedge accounting under ASC 815 and/or IFRS 9
• Proficient in Excel and financial systems (e.g., SAP, Oracle, Kyriba, or similar treasury systems)
Skills