Senior Derivative Accountant

Precision Labs; Chicago (IL); Hybrid; USD 144,000 - 175,000; Full time

Benefits offered by this job

Professional development budget

Equity and bonuses

Health benefits

Wellness reimbursement

Parental leave

Job summary

Ripple is seeking a Senior Derivative Accountant to own the full accounting lifecycle for derivatives across client portfolios. You will document, test, and disclose hedge activities under ASC 815 and IFRS 9, engaging with treasury and finance stakeholders to ensure precise reporting.

This hands-on, technical role requires deep knowledge of ASC 815, IFRS 9, and related fair value measurements, with exposure to audit support and cross-client coordination in a fast-paced environment.

Qualifications

• 5+ years hands-on experience with derivative instruments and hedge accounting.
• Deep technical fluency in ASC 815 and IFRS 9.
• Experience with fair value measurement (ASC 820 / IFRS 13).
• Comfortable managing multiple client engagements simultaneously.
• Strong communicator: explain complex accounting to non-technical audiences.
• Experience with hedge accounting platforms preferred.

Responsibilities

• Own end-to-end derivative accounting for various derivatives across client portfolios.
• Prepare and review hedge documentation, designation memos, and effectiveness testing.
• Execute quantitative and qualitative effectiveness assessments (regression analysis; dollar-offset).
• Prepare journal entries and disclosures related to hedging activities; respond to client inquiries.
• Apply judgment on hedge accounting elections and de-designation scenarios.
• Translate new FASB and IASB guidance into client-ready summaries.
• Lead audit support and liaise with external auditors on hedge matters.
• Strengthen internal methodologies and technical guidance.

Skills

Derivative accounting

ASC 815

IFRS 9

Client management

Communication

Hedge accounting platforms

CPA preferred

Advanced degree

Education

Advanced degree in Accounting or Finance

Tools

Ripple Treasury

Chatham Financial

Reval

FIS Quantum

Job description

At Ripple, we’re building a world where value moves like information does today. It’s big, it’s bold, and we’re already doing it. Through our crypto solutions for financial institutions, businesses, governments and developers, we are improving the global financial system and creating greater economic fairness and opportunity for more people, in more places around the world. And we get to do the best work of our career and grow our skills surrounded by colleagues who have our backs.

If you’re ready to see your impact and unlock incredible career growth opportunities, join us, and build real world value.

THE WORK:

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.
• 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.
• Strengthen internal methodologies, templates, and technical guidance.

WHAT YOU'LL BRING:

• CPA preferred; 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.
• Experience with fair value measurement (ASC 820 / IFRS 13) and familiarity with derivative valuation methodologies.
• 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.

For positions that will be based in IL, the annual salary range for this position is below. Actual salaries may vary based on numerous factors including, among other things, an individual applicant’s experience and qualifications for the position. This range does not include equity or additional compensation, such as bonuses or commissions.

IL Annual Base Salary Range

$144,000—$175,000 USD

WHO WE ARE:

Do Your Best Work

• The opportunity to build in a fast‑paced start‑up environment with experienced industry leaders
• A learning environment where you can dive deep into the latest technologies and make an impact. A professional development budget to support other modes of learning.
• Thrive in an environment where no matter what race, ethnicity, gender, origin, or culture they identify with, every employee is a respected, valued, and empowered part of the team.
• In‑office collaboration for moments that matter is important to our culture, and we give managers and teams the flexibility to decide which 10+ days a month they come in.
• Bi‑weekly all‑company meeting - business updates and ask me anything style discussion with our Leadership Team
• We come together for moments that matter which include team offsites, team bonding activities, happy hours and more!

Take Control of Your Finances

• 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

Take Care of Yourself

• 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. Family planning benefits.
• Catered lunches, fully‑stocked kitchens with premium snacks/beverages, and plenty of fun events

Benefits listed above are for full‑time employees.

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.

Please find our UK/EU Applicant Privacy Notice and our California Applicant Privacy Notice for reference.