Foreign Exchange & Benefits Accounting Manager

KBR•Houston, TX

About The Position

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. 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. 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.

Requirements

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.

Nice To Haves

Capable of multi-tasking, prioritizing, and leading teams and initiatives.
Experience in corporate Benefits Accounting and/or Foreign Exchange
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.

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.
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.
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.
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.