Foreign Exchange & Benefits Accounting Manager

KBR Careers; Houston (TX); On-site; USD 150,000 - 190,000; Full time

Job summary

KBR is seeking a Foreign Exchange & Benefits Accounting Manager to lead pension, deferred compensation, stock-based programs, and FX hedging accounting. You will partner with Treasury, HR Benefits, and Corporate Accounting to ensure accurate financial reporting and ASC 715/718/815 compliance.

The role requires 9+ years of accounting experience, strong cross-functional communication, and a proven ability to build effective controls and staff development in a global environment.

Qualifications

• 9+ years of accounting experience.
• Experience with SAP, Hyperion HFM, Microsoft Dynamics.
• Strong interpersonal and communication skills across levels.

Responsibilities

• Lead Benefits Accounting: pensions, deferred comp, stock-based plans; coordinate with HR/Benefits.
• Manage FX, debt and hedging accounting; ensure hedge designation and ASC 815/830 compliance.
• Oversee financial reporting, month/quarter/year-end closes; coordinate with auditors.
• Support planning, budgeting and variance analysis; drive process improvements and controls.

Skills

Interpersonal skills

Cross-functional collaboration

Communication skills

Analytical skills

Tools

SAP

Hyperion HFM

Microsoft Dynamics

Job description

Title: Foreign Exchange & Benefits Accounting Manager KBR is a dynamic solutions provider to governmental and commercial customers globally. As part of the Corporate Accounting organization, the Foreign Exchange & Benefits Accounting Manager serves as the primary accounting partner to the Foreign Exchange and Compensation & Benefits functions as well as accounting and finance professionals across KBR.

Key Focus Areas Include:

• Health and Welfare
• Retirement
• Defined Pension
• Incentive Programs
• PTO

• Foreign currency transactions
• Debt instruments
• Derivative financial instruments
• Hedge accounting

The position requires the ability to partner among many team members, including:

• Corporate Accounting and Planning to ensure proper input is provided for accurate budgets and forecasts.
• KBR segment accounting teams to communicate impacts of benefits costs as well as foreign exchange changes.
• Collaborate with Treasury teams to ensure up-to-date debt compliance and proper hedge accounting.
• HR and Benefits teams to ensure benefits accounting aligns with current business practices

Supervisory Responsibilities

The position requires leadership and direct manager oversight of employees and is responsible for work assignments, performance reviews, setting goals, providing ongoing training, and maintaining strong employee relationships.

Lead the implementation and development of new procedures and features to improve the workflow of the organization and provide training for new or existing staff if necessary.

Benefits Accounting Responsibilities

• Manage accounting and reporting for pension and other post-retirement benefit plans.
• Oversee accounting for deferred compensation arrangements.
• Manage accounting for stock-based compensation programs.
• Review actuarial reports and ensure accurate recording of pension and benefit obligations.
• Coordinate with Compensation & Benefits leadership regarding employee benefit programs.
• Support annual audits related to employee benefit plans.
• Prepare benefit-related financial statement disclosures.
• Monitor compliance with ASC 715 and ASC 718.

FX, Debt & Hedging Responsibilities

• Manage accounting related to foreign currency transactions and foreign exchange exposure.
• Review foreign currency remeasurement and translation calculations.
• Monitor currency translation adjustments for accuracy.
• Analyze and record foreign exchange gains and losses.
• Oversee accounting for debt instruments, revolving credit facilities, and financing arrangements.
• Review debt schedules, issuance costs, and interest expense accounting.
• Manage derivative accounting activities, including FX and interest rate hedging instruments.
• Support hedge designation, documentation, and effectiveness testing requirements.
• Ensure compliance with ASC 815 and ASC 830.
• Partner directly with the Treasurer regarding financing activities and risk management strategies.

Financial Reporting & Close

• Lead month-end, quarter-end, and year-end close activities for Treasury and Benefits accounting areas.
• Review and approve account reconciliations.
• Support preparation of quarterly and annual disclosures.
• Coordinate with internal and external auditors.
• Assist with technical accounting research and implementation of new standards.
• Maintain effective SOX controls and support testing with internal and external auditors.

Planning, Analysis & Process Improvement

• Support budgeting and forecasting by providing input on benefit expenses, pension costs, foreign exchange impacts, and interest expense.
• Perform variance analysis and provide business insights to management.
• Partner with FP&A on long-range planning activities.
• Identify automation and process improvement opportunities.
• Lead continuous improvement initiatives to strengthen controls and efficiency.

Key Qualifications

Required:

• 9+ years of accounting experience
• Experience with SAP, Hyperion HFM, Microsoft Dynamics
• Strong interpersonal skills, the ability to effectively work cross-functionally, and with all levels of management.
• Excellent oral and written communication skills.
• Strong analytic skills and demonstrated ability to plan and organize.

Preferred:

• Capable of multi-tasking, prioritizing, and leading teams and initiatives.
• Experience in corporate Benefits Accounting and/or Foreign Exchange
• Ideal Candidate Trusted business partner with expertise in benefits, foreign currency, debt, derivatives, and hedge accounting.
• Demonstrates leadership, collaboration, and continuous improvement mindset.
• Comfortable explaining complex accounting matters to business leaders.

Belong, Connect and Grow at KBR

At KBR, we are passionate about our people and our Zero Harm culture. These inform all that we do and are at the heart of our commitment to, and ongoing journey toward being a People First company. That commitment is central to our team of team’s philosophy and fosters an environment where everyone can Belong, Connect and Grow. We Deliver – Together. KBR is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, colour, religion, disability, sex, sexual orientation, gender identity or expression, age, national origin, veteran status, genetic information, union status and/or beliefs, or any other characteristic protected by federal, state, or local law.

KBR — Delivering Solutions, Changing the World. KBR brings together the best and brightest to deliver science, technology and engineering solutions that help governments and companies around the world accomplish their most critical missions and objectives. In everything we do, we are guided by our ONE KBR Values: We Value Our People – We create diverse, inclusive environments in which each person can feel safe, respected and valued, and where everyone has opportunities to grow and reach their full potential. We Deliver – We are uncompromising in our commitment to deliver innovative, high-quality, technology-led solutions for our customers and exceptional, sustainable value for all our stakeholders. We Are People of Integrity – We value honesty, trust, courage, fairness, prudence and tenacity. We believe doing what’s right for the planet, the communities where we work, and our people is good for business. We Empower – We empower our people with a shared purpose, the right tools and the supportive culture they need to be proactive decision-makers, to be adaptive to change, and to succeed. We Are a Team of Teams – We have a will to succeed, but we value the achievements of our team of teams over individual accomplishments. Our collective focus makes us a better, stronger, more effective company. We have also embedded environmental, social and governance (ESG) principles in every business operation and corporate function. Not only are we committed to operating safely, sustainably and equitably, but we are also committed to using our capabilities and expertise to help our customers accomplish their sustainability goals. Worldwide, KBR employs a diverse workforce approximately 29,000 people strong, with customers in more than 80 countries and operations in 40 countries. At KBR, We Deliver.