Senior Derivative Accountant

Ripple; Chicago (IL); On-site; USD 144,000 - 180,000; Full time

Benefits offered by this job

Competitive salary and bonuses

Generous vacation policy

Onsite catering and snacks

Job summary

jobr.pro is seeking a Senior Derivative Accountant to manage the full accounting lifecycle for derivative instruments within client portfolios. This role involves preparing hedge documentation, leading audit support, and mentoring junior staff. Candidates should have at least 5 years of experience and a CPA qualification.

In return, the company offers a competitive salary range of $144,000 - $180,000 USD, along with comprehensive benefits including healthcare and generous vacation policies.

Qualifications

• 5+ years of hands-on experience with derivative instruments and hedge accounting.
• Deep technical fluency in ASC 815 and IFRS 9.
• Experience managing multiple client engagements simultaneously.

Responsibilities

• Own end-to-end derivative accounting for various instruments.
• Prepare and review hedge documentation.
• Lead audit support with external auditors.

Skills

Hedge accounting

Quantitative analysis

Client engagement

Communication

Technical accounting

Education

CPA required

Advanced degree in Accounting or Finance

Tools

Ripple Treasury

Chatham Financial

FIS Quantum

Job description

As a Senior Derivative Accountant on the Ripple Treasury Managed Services team, you serve as the subject matter expert on derivative instruments and hedging relationships across a portfolio of clients. You own the full technical accounting lifecycle under both ASC 815 and IFRS 9: documentation, effectiveness testing, journal entries, and disclosures.

This is a hands-on role for a technical specialist who thrives with complexity, takes ownership of client engagements end-to-end, and communicates clearly with treasury and finance stakeholders at every level.

What you’ll do:

• Own end-to-end derivative accounting for interest rate swaps, cross-currency swaps, FX forwards, options, and commodity derivatives across multiple client portfolios.
• Prepare and review hedge documentation - designation memos, risk management objectives, and formal effectiveness testing under ASC 815 and IFRS 9.
• Execute quantitative and qualitative effectiveness assessments (regression analysis, dollar-offset, hypothetical derivative method) on both a prospective and retrospective basis.
• Prepare journal entries and financial statement disclosures related to hedging activities and answer client inquiries about our deliverables.
• Apply critical judgment on hedge accounting elections - fair value hedges, cash flow hedges, net investment hedges, and de-designation scenarios.
• Advise clients on structuring new hedging relationships to achieve qualification and optimize effectiveness.
• Translate new FASB and IASB guidance into clear, actionable impact summaries for clients and internal teams.
• Lead audit support - preparation of work product and direct engagement with external auditors on derivative and hedge accounting matters.
• Mentor junior team members and strengthen internal methodologies, templates, and technical guidance.

What you’ll bring:

• CPA required; advanced degree in Accounting or Finance a plus.
• 5+ years of hands-on experience with derivative instruments and hedge accounting - in public accounting, industry, or consulting environment.
• Deep technical fluency in ASC 815 and IFRS 9, including practical hedge accounting elections and disclosure requirements.
• Comfortable managing multiple client engagements simultaneously - precise, organized, and able to meet tight deadlines.
• Strong communicator: you make complex accounting conclusions accessible to non-technical audiences.
• Experience with hedge accounting platforms (Ripple Treasury, Chatham Financial, Reval, FIS Quantum, or similar) preferred.

IL Annual Base Salary Range: $144,000 - $180,000 USD.

Benefits:

• Competitive salary, bonuses, and equity.
• Competitive benefits that cover physical and mental healthcare, retirement, family forming, and family support.
• Employee giving match.
• Mobile phone stipend.
• R&R days so you can rest and recharge.
• Generous wellness reimbursement and weekly onsite & virtual programming.
• Generous vacation policy - work with your manager to take time off when you need it.
• Industry-leading parental leave policies and family planning benefits.
• Catered lunches, fully-stocked kitchens with premium snacks/beverages, and plenty of fun events.

Ripple is an Equal Opportunity Employer. We’re committed to building a diverse and inclusive team. We do not discriminate against qualified employees or applicants because of race, color, religion, gender identity, sex, sexual identity, pregnancy, national origin, ancestry, citizenship, age, marital status, physical disability, mental disability, medical condition, military status, or any other characteristic protected by local law or ordinance.