Senior Manager, Technical Accounting – Derivatives

The Senior Manager, Technical Accounting - Derivatives will serve as the Company’s derivate accounting subject matter expert and will be initially tasked with establishing the processes, policies, and controls within Corporate Controllership related to accounting and reporting requirements for derivative financial instruments, including interest rate swaps, net investment hedges, cross-currency swaps, and commodity hedges. This role will ensure the systems and data used in these processes is accurate and complete and appropriate controls are established to maintain integrity. Primary responsibilities include the management of the derivative accounting and reporting processes in compliance with GAAP and SEC reporting requirements and supporting the Company’s regular review and analysis of hedging results.

Once these processes and capabilities are firmly established within the Controllership team, the additional bandwidth within this role will be focused on other technical matters that arise from complex business transactions or guidance changes as well as providing ad hoc support as technical accounting questions arise across the business.

This role will partner very closely with the Treasury and FP&A team and will provide great opportunities to grow and develop within the Finance Organization.

Key Responsibilities:

• Prepare monthly and quarterly journal entries for derivative activity and review derivative activity reports from systems to ensure reasonableness.

• Complete required ASC 815 hedge documentation and assist with the quarterly effectiveness assessments. Ensure compliance of newly executed derivatives with the documented hedging strategy.

• Develop and maintain procedures related to our derivative accounting processes and controls and provide training, coaching and support to team members.

• Perform or review control procedures required for SOX compliance.

• Support the Company’s regular review and analysis of hedging results and advise management of any hedge effectiveness considerations. Review and provide analyses relating to OCI-release methodologies on an on-going basis.

• Support the quarterly and annual financial statement processes for disclosures required under ASC 815.

• Provide technical accounting support to other Finance teams relative to profit-in-inventory (i.e., foreign currency-related) matters, as well as support projects for other areas of accounting, including financial instruments, business combinations, asset impairment testing, etc.

• Maintain the Company’s derivative accounting policy and update on a regular basis (e.g., annually) for any changes in U.S. GAAP, new hedging strategies undertaken by the Company, etc.

• Serve as the primary point of contact for external auditors’ review of the Company’s derivative activity.

Qualifications:

• B.S. in Accounting/Finance required.

• 5-7 years of experience with a large public accounting or consulting firm, or in the financial reporting/technical accounting department of a large multi-national and publicly traded company.

• Significant experience with application of accounting standards in the financial instruments and derivatives, hedge accounting of interest rate, foreign currency, and commodity risks and embedded derivatives in debt, equity and commodity contracts,

• CPA preferred.

• Knowledge of U.S. GAAP, particularly ASC 815 and other requirements relating to derivatives and financial instruments.

• Strong proficiency with Microsoft Office tools (including Excel, Word and Outlook).

• Candidates should also be able to demonstrate the following: strong attention to details and accuracy; strong interpersonal, organization and analytical abilities; and solid verbal and written communications skills. Candidate should be self-motivated and able to work both as a member of a team and independently.