Fortune 500 Consumer Products Company – Senior Analyst (Derivatives)- Greater NY

This role is part of the Derivatives Center of Excellence (“DCOE”), which is a Corporate function responsible for the valuation and accounting of derivatives in accordance with ASC 815.

Assist in the accounting for derivative contracts

  • Prepare periodic accounting close entries and related reporting for commodity, foreign exchange, interest rate and cross currency swap programs
  • Assist in the implementation of new commodity, foreign exchange, interest rate and cross currency swap derivative programs in accounting software (Reval)
  • Analyze the accounting for any new hedging program and determine whether the use of hedge accounting is appropriate under US GAAP
  • Prepare initial documentation for contracts qualifying for hedge accounting
  • Prepare quarterly regression analysis, effectiveness testing and contract reconciliation for all derivative instruments
  • Generate periodic reports from Reval to enable senior management to analyze the impact of  derivatives
  • Perform quarterly broker reconciliations
  • Communicate with the divisions on a regular basis regarding derivative activity
  • Ensure effective internal SOX control procedures are in place and operating effectively

Assist in the preparation of derivatives and foreign currency risk related disclosures in Company’s  Form 10-K and Forms 10-Q for filing with SEC

  • Assist in the preparation of the Financial Instruments and Debt footnotes and the related supporting schedules, as well as Business Risks section of the MD&A
  • Develop reports from Reval that could improve the footnote preparation process
  • Maintain adequate internal controls for Section 404 certification over external reporting and disclosure


  • Successful completion of CPA certification required
  • 3 – 5 years experience in Accounting/Auditing
  • Highly Proficient in MS Excel
  • Excellent analytical skills to vet complicated hedging strategies
  • Ability to meet tight deadlines while maintaining high levels of accuracy
  • Highly motivated and able to work with a team
  • Good verbal and written communication skills
  • High level of intelligence with high integrity
  • Flexible, creative, resourceful, self-motivated with desire for self-improvement