Senior Derivative Accountant

Ripple•Chicago, IL

2d•$144,000 - $175,000

About The Position

As a Senior Derivative Accountant on Ripple’s Treasury Managed Services team, you will serve as the subject matter expert on derivative instruments and hedging relationships across a portfolio of clients. You will own the full technical accounting lifecycle under ASC 815 and IFRS 9, including documentation, effectiveness testing, journal entries, and disclosures. This is a hands-on technical specialist role requiring ownership of client engagements from end to end and clear communication with treasury and finance stakeholders at every level.

Requirements

At least 5 years of hands-on experience with derivative instruments and hedge accounting in public accounting, industry, or consulting.
Deep technical fluency in ASC 815 and IFRS 9, including practical hedge accounting elections and disclosure requirements.
Experience with fair value measurement under ASC 820 or IFRS 13 and familiarity with derivative valuation methodologies.
Ability to manage multiple client engagements simultaneously, remain precise and organized, and meet tight deadlines.
Strong communication skills, including the ability to explain complex accounting conclusions to non-technical audiences.

Nice To Haves

CPA preferred.
Advanced degree in Accounting or Finance is a plus.
Experience with hedge accounting platforms such as Ripple Treasury, Chatham Financial, Reval, FIS Quantum, or similar.

Responsibilities

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.
Conduct quantitative and qualitative effectiveness assessments, including regression analysis, dollar-offset, and the hypothetical derivative method, on both prospective and retrospective bases.
Prepare journal entries and financial statement disclosures related to hedging activities, and answer client inquiries about deliverables.
Apply critical judgment to 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 by preparing work product and engaging directly with external auditors on derivative and hedge accounting matters.
Strengthen internal methodologies, templates, and technical guidance.

Benefits

Competitive salary, bonuses, and equity.
Benefits covering physical and mental healthcare, retirement, family forming, and family support.
Employee giving match.
Mobile phone stipend.
R&R days to rest and recharge.
Generous wellness reimbursement and weekly onsite and virtual programming.
Generous vacation policy, with time off coordinated with the manager.
Industry-leading parental leave policies and family planning benefits.
Catered lunches, fully stocked kitchens with premium snacks and beverages, and events.
Professional development budget.
Flexible decision-making by managers and teams about which 10+ days per month to work in the office.
Team offsites, team bonding activities, and happy hours.