Confidential Client
United States of America
DDJ Myers is partnered with a confidential company headquartered in the United States of America who has been in the financial services industry for over 25 years and is known for its trusted strategic partnership with institutional clients. Their expertise in hedging allows their clients to strengthen their financial performance and improve efficiencies. To better meet their clients’ needs, they have created an exciting new position: Director, Hedging and Hedge Accounting. The right person for this position will work with a hands-on approach, be intrinsically motivated, and enjoy working in a creative culture. Relocation assistance or remote work opportunities are available.
Accountabilities:
- Primarily responsible for the firm’s hedging advisory work, in particular as it pertains to FASB ASC 815 advice: derivatives and hedge accounting
- Direct client service and account management, including communication of hedging strategies and compliance with FASB guidelines
- Make recommendations to satisfy hedge accounting guidelines (ASC 815)
- Create hedge accounting policies
- Create hedging memos for initial hedge designations and ensure appropriate documentation for auditors
- Create hedge redesignation memos and strategies
- Understand and interpret mortgage modeling, including prepayment modeling and interest rate modeling
- Monitor hedge accounting and hedging performance; work with clients and internal team to make necessary adjustments
- Participate in the production of commentaries, articles, and webinars
Qualifications:
- CPA required
- Bachelor’s degree and strong academic record with a concentration in finance, economics, mathematics, or other related quantitative/analytical discipline preferred
- Two to ten years of relevant work experience, preferably in derivatives, balance sheet hedging, and/or a hedge accounting advisory firm
- Excellent written and verbal communication skills, with experience managing clients
- Working knowledge of Bloomberg and/or other derivative pricing platforms
- Knowledge of ZM Financial Systems or other interest rate modeling software is a plus
- Proficiency in Microsoft Office, particularly Microsoft Excel and PowerPoint
- Experience with VBA and/or SQL is a plus
