What are the responsibilities and job description for the Senior Manager, Technical Accounting position at Foster McKay?
Senior Manager, Technical Accounting - Derivatives
The Senior Manager, Technical Accounting - Derivatives serves as the company's derivatives accounting subject matter expert.
Main Responsibilities:
- Establish processes, policies, and controls within Corporate Controllership for derivative financial instruments, including interest rate swaps, net investment hedges, cross-currency swaps, and commodity hedges.
- Manage the derivative accounting and reporting processes in compliance with GAAP and SEC reporting requirements.
- Support the company's regular review and analysis of hedging results.
Key Tasks:
- Prepare monthly and quarterly journal entries for derivative activity.
- Review derivative activity reports from systems to ensure reasonableness.
- Complete required ASC 815 hedge documentation and assist with quarterly effectiveness assessments.
- Develop and maintain procedures related to derivative accounting processes and controls.
- 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.
- Support the quarterly and annual financial statement processes for disclosures required under ASC 815.
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.
- 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).
About the Role:
This role will partner closely with the Treasury and FP&A team and provide great opportunities to grow and develop within the Finance Organization.
About Foster-McKay:
Foster-McKay is committed to fostering a culture of excellence and integrity.
