Hedge Accounting Specialist

TechnipFMC is committed to driving real change in the energy industry. Our ambition is to build a sustainable future through relentless innovation and global collaboration – and we want you to be part of it. You'll be joining a culture that values curiosity, expertise, and ideas as well as equal opportunities, inclusion, and authenticity. Bring your unique energy to our team of more than 21,000 people worldwide, and discover a rewarding, fulfilling, and varied career that you can take in anywhere you want to go.

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
Communication

Analytical Skills

Risk Management

Being a global leader in the energy industry requires an inclusive and diverse environment. TechnipFMC promotes diversity, equity, and inclusion by ensuring equal opportunities to all ages, races, ethnicities, religions, sexual orientations, gender expressions, disabilities, or all other pluralities. We celebrate who you are and what you bring. Every voice matters and we encourage you to add to our culture.

TechnipFMC respects the rights and dignity of those it works with and promotes adherence to internationally recognized human rights principles for those in its value chain.