Senior Derivative Accountant

Location:

Chicago, Illinois, United States.

• 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.

• 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.
• Experience with hedge accounting platforms (Ripple Treasury, Chatham Financial, Reval, FIS Quantum, or similar) preferred.

IL Annual Base Salary Range

$144,000 — $180,000 USD

Ripple is an Equal Opportunity Employer. We’re committed to building a diverse and inclusive team. We do not discriminate against qualified employees or applicants because of race, color, religion, gender identity, sex, sexual identity, pregnancy, national origin, ancestry, citizenship, age, marital status, physical disability, mental disability, medical condition, military status, or any other characteristic protected by local law or ordinance.