Hedging Account Specialist
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Job Location:
Monthly Salary:
Posted on:
20 hours ago
Vacancies:
1 Vacancy
Job Summary
Key Responsibilities
1. Hedge Accounting System & Process Development
- Design and develop hedge accounting workflows policies procedures and internal controls in accordance with IFRS 9 / IAS 39.
- Support the development testing and implementation of hedge accounting modules within the companys accounting/ERP systems.
- Continuously review and enhance hedge accounting processes to improve efficiency and accuracy.
- Perform other tasks as assigned by Management.
2. Hedge Accounting Operations
- Manage and monitor physical commodity contracts including purchase contracts sales contracts price fixation mechanisms terminal months and delivery terms.
- Track record and manage commodity futures contracts from trade execution through daily margining fair value remeasurement roll-over and maturity/settlement.
- Match hedged items with hedging instruments ensuring proper alignment between physical exposures (inventory physical contracts) and futures positions designated under Fair Value Hedge accounting.
- Perform monthly hedge accounting entries including fair value adjustments related to inventory and physical commodity contracts.
- Work closely with the Supply Chain Management (SCM) department to understand hedging strategies and ensure timely and accurate accounting for hedging transactions.
- Improve and optimize the operational efficiency of the hedge accounting system.
- Prepare hedge accounting documentation analyses and reports for auditors management and internal stakeholders.
- Perform other duties as assigned by Management.
Qualifications
Education
- Bachelors degree or higher in Accounting Auditing Finance or a related field.
- Minimum 35 years of specialized experience in Financial Accounting Auditing Derivative Accounting or Risk Management.
Knowledge Requirements
Mandatory:
- Strong knowledge of IFRS particularly IFRS 9 / IAS 39.
- Solid theoretical understanding of Hedge Accounting including both Fair Value Hedges and Cash Flow Hedges.
- Knowledge of commodity markets especially coffee price risk and experience with commodity futures trading mechanisms.
Preferred:
- Experience in the development implementation or enhancement of hedge accounting systems.
- Practical experience in applying Fair Value Hedge Accounting.
- Skills & Competencies
- Ability to build operate and maintain complex valuation and hedge effectiveness testing models using Excel or specialized systems.
- Strong analytical and problem-solving skills.
- Excellent documentation and reporting skills.
- Strong communication skills and ability to collaborate cross-functionally.
- Team management and coordination skills.
- English: Good command of both written and spoken English.
Benefits
- Full-salary social insurance contribution (in accordance with regulations)
- 17 days of annual leave per year
- 13th-month salary and performance-based bonus
- Periodic health check-ups
- Company trips
- Company shuttle bus on the following routes: Vung Tau Ngai Giao Long Thanh
Working Time
- Office hours: 8:00 AM 5:00 PM (Monday to Friday)
Key Skills
- Sales Experience
- Crane
- Customer Service
- Communication skills
- Heavy Equipment Operation
- Microsoft Word
- Case Management
- OSHA
- Team Management
- Catheterization
- Microsoft Outlook Calendar
- EHS
