Senior Accountant - FX - Hedge Accounting

SalesForce-ad; Hyderabad; On-site; INR 1,800,000 - 2,800,000; Full time

Job summary

SalesForce-ad in Hyderabad is seeking a Senior Accountant focused on hedge accounting. You will manage hedge documentation, run effectiveness tests, record derivatives, and ensure timely P&L recognition. You will support month-end closures, liaise with auditors, and collaborate with treasury on hedge strategies.

Strong US GAAP knowledge, SOX control experience, and ability to automate processes are valued. Candidates should have 7+ years in accounting, attention to detail, and the initiative to

Qualifications

• 7+ years of accounting experience including hedge accounting.
• Experience with US GAAP and IFRS; SOX documentation.
• Ability to interpret controls and ensure timely reporting.

Responsibilities

• Hedge Accounting & Derivative Reporting: documentation, testing, entries.
• Compliance & Financial Reporting: journal entries, reconciliations, disclosures.
• Risk Management Support: collaborate on hedge strategies and MTM valuations.
• Process Improvement & Controls: streamline hedge accounting and reporting processes.
• Others Include: support SOX, quarterly reviews, audits and cross‑functional alignment.

Skills

Accounting

Attention to detail

Deadline oriented

Confidentiality

Team player

Self-starter

Tools

Workday Financials

Blackline

eGRC360

Tableau

Hyperion

Microsoft Excel

Slack

Job description

Job Description:

Description

Role - Senior Accountant - Hedge accounting

Responsibilities

Hedge Accounting & Derivative Reporting

• Review, Execute and maintain hedge accounting: documentation, effectiveness testing, and entries.
• Record and monitor derivatives (forwards, swaps, options).
• Ensure timely P&L recognition and reclassification of hedge reserves.
  
  

Compliance & Financial Reporting

• Prepare/review journal entries, reconciliations, and disclosures for hedging.
• Support month-end/quarter-end derivative accounting closing.
• Liaise with auditors; provide hedge accounting documentation.
  
  

Risk Management Support

• Collaborate with Treasury/Risk Management on hedge strategies and accounting.
• Validate mark-to-market valuations from banks/third parties.
• Ensure compliance with corporate policies and accounting standards. (US GAAP and IFRS)
  
  

Process Improvement & Controls

• Identify opportunities to streamline/automate hedge accounting/reporting.
• Maintain robust internal controls over hedge documentation and accounting.
  
  

Others Include

• Prepare monthly / quarterly financial statement flux variance analysis for management reporting
• Provide support to the 10-Q and 10-K reporting process, including preparing supporting schedules
• Work cross-functionally with and support our business partners by providing financial insights and relevant reporting
• Prepare SOX documentation including the EAE documentation as part of SOX control execution/compliance
• Assist in coordinating quarterly reviews, annual audits and SOX testing with internal and external auditors
• Work cross-functionally with the Regional and International accounting teams to ensure alignment and to drive process improvements
• Ability to quickly understand new processes identified and ready to work on such processes.
• Ability to work independently with the process owners to ensure that all tasks are completed on time and any changes communicated
• Create and maintain process documentation
• Deliver on ad-hoc projects / deliverables as necessary
  
  

Skills/Experience

• 7+ years of relevant experience in Accounting, analyzing information, attention to details, deadline oriented, thoroughness in the deliverables, spirit to work as a team and confidentiality
• 3+ years of relevant process experience (for the selected role) with ability to interpret and apply relevant US GAAP.
• Experience in SOX control documentation / execution
• Detail oriented, ability to multi-task and work independently
• Understanding of ERP systems and willingness to learn quickly. Knowledge of other tools such as Workday Financials, Blackline, eGRC360, Tableau, Hyperion, Microsoft Excel, Slack, etc. is desirable
• Strong organizational and verbal / written communication skills
• Passion in process improvement and automation
• Willing to work in a challenging environment
• Strong ability to respond quickly to various requests
• Must be a self-starter - ability to self-motivate, adapt to change and work in a fast-paced environment

Requirements: