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McDermott International

Senior Treasury Analyst – Foreign Exchange (FX) & Hedging

Reposted 2 Months Ago
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In-Office
Houston, TX
Senior level
In-Office
Houston, TX
Senior level
Manage global FX exposures and execute hedging strategies using derivatives; perform quantitative scenario analysis; support hedge accounting (ASC 815/IFRS 9); maintain TMS data and controls; prepare risk reports and dashboards; partner with FP&A, accounting, tax, and regional finance; drive process improvements and SOX compliance.
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Job Overview:

The Senior Hedge Accountant is responsible for supporting the Company's global foreign exchange risk management program, executing and administering hedging strategies, monitoring currency exposures, and ensuring compliance with treasury policies and accounting requirements. The role partners closely with business units, accounting, FP&A, tax, and regional finance teams to identify, quantify, manage, and report foreign exchange risks. The position plays a critical role in protecting the organization from adverse currency movements through the use of financial derivatives and natural hedging strategies while supporting cash flow forecasting, hedge accounting, and treasury technology initiatives.
 

Responsibilities

Key Tasks and Responsibilities:

•    Manage all hedge accounting activities for cash flow hedges, fair value hedges, and net investment hedges
•    Prepare and maintain hedge designation documentation and effectiveness testing
•    Ensure compliance with ASC 815 and company accounting policies
•    Record monthly and quarterly hedge accounting journal entries
•    Prepare hedge-related disclosures for financial statements and SEC filings
•    Maintain supporting documentation for internal and external audits
•    Review FX forwards, swaps, options, interest rate swaps, and commodity hedges
•    Provide accounting guidance on proposed hedging strategies
•    Analyze the accounting implications of new treasury products and risk management initiatives    
 

Controls & Compliance
•    Develop and maintain SOX-compliant controls over derivative accounting processes
•    Coordinate with Internal Audit and external auditors
•    Ensure timely completion of reconciliations and control activities
•    Monitor changes in accounting standards and regulatory requirements

Analysis & Reporting
•    Produce monthly hedge accounting reports and variance analyses
•    Explain OCI, hedge ineffectiveness, and earnings impacts to management
•    Support forecasting of hedge-related P&L and balance sheet impacts
•    Assist with quarter-end and year-end close processes

System & Process Improvement
•    Maintain hedge accounting systems and treasury management platforms
•    Support implementation of Treasury Management Systems (TMS) and ERP enhancements
•    Drive automation and process efficiency initiatives
•    Develop standardized procedures and documentation
 

Qualifications

Essential Qualifications and Education:

Education

•    Bachelor’s degree in accounting, Finance, or related field
•    CPA preferred
•    MBA, CFA, or CTP is a plus

Experience

•    5+ years of accounting, treasury accounting, or hedge accounting experience
•    Strong knowledge of ASC 815 and/or IFRS 9
•    Experience with derivative instruments such as: 
o    FX forwards and options
o    Interest rate swaps
o    Commodity hedges
o    Cross-currency swaps
•    Experience supporting external audits
•    Experience with ERP and Treasury Management Systems (e.g., SAP, Oracle, Quantum, Kyriba)

Technical Skills
•    Advanced Excel skills
•    Strong financial reporting capabilities
•    Knowledge of Treasury and risk management operations
•    Ability to interpret complex accounting guidance
 

#LI-CA1

 #LI-DNI 

About Us
Our ingenuity fuels daily life. Together, we’ve forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing platforms hundreds of miles from shore, using our expertise to design and build offshore wind infrastructure, and reshaping the onshore landscape to deliver the energy products the world needs safely and sustainably.
For more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.

McDermott International Chicago, Illinois, USA Office

Chicago, United States

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