Senior Derivative Accountant
Ripple•Chicago, IL
•$144,000 - $180,000•Hybrid
About The Position
As a Senior Derivative Accountant on the Ripple 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 both ASC 815 and IFRS 9, including 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.
Requirements
- 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.
Nice To Haves
- Experience with hedge accounting platforms (Ripple Treasury, Chatham Financial, Reval, FIS Quantum, or similar) preferred.
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.
- 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.
Benefits
- Professional development budget to support other modes of learning.
- 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.
- Family planning benefits.
- Catered lunches, fully-stocked kitchens with premium snacks/beverages, and plenty of fun events
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What This Job Offers
Job Type
Full-time
Career Level
Senior
