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Open nowPosted yesterday

Senior Derivatives Accounting Product Manager

Clearwater Analytics282 open roles

Pay
$179,400 – $243,136 a year
Where
Office - New York
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Your applicationOpen nowSenior Derivatives Accounting Product ManagerClearwater Analytics · Office - New York
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The clock on this job

Early applications get read.

13.4% of postings close within 7 days. Measured by our own scanner across the market. Clearwater Analytics postings stay open a median of 15 days.

Share of postings closed within
  1. 2.2%1 day
  2. 4.6%3 days
  3. 13.4%7 days
  4. 21.6%14 days
  5. 36.2%30 days
  6. 59.0%60 days
This job: posted yesterday

Clearwater Analytics median: 15 days open

The posting

We are looking for a Senior Product Manager with strong derivatives accounting experience to help design and build Clearwater’s end-to-end derivatives capabilities.

The ideal candidate will have deep knowledge of derivative instruments, derivative accounting and the broader derivatives lifecycle, along with hands-on experience with hedge accounting under ASC 815 and/or IFRS 9.

This person will work closely with Product, Engineering, Valuation, Accounting and client-facing teams to translate complex derivative accounting requirements into scalable product functionality.

Responsibilities:

  • Help design and build end-to-end derivatives capabilities across the trade and accounting lifecycle.
  • Translate derivative accounting requirements into product requirements, business rules, workflows, calculations and acceptance criteria for engineering teams.
  • Define accounting treatment and journal-entry logic for derivative instruments across initial recognition, periodic valuation, accruals, settlements, terminations and other lifecycle events.
  • Help design accounting functionality for instruments including interest-rate swaps, cross-currency swaps, FX forwards and NDFs, futures, options, caps/floors, swaptions and other derivative products.
  • Partner with valuation teams to ensure appropriate integration between derivative valuations, market data, cash flows and accounting outputs.
  • Help define accounting treatment for realized and unrealized gains/losses, accruals, settlements, premiums, financing components and other derivative-related accounting events.
  • Help design and build hedge accounting functionality, including hedge designation, documentation, effectiveness testing, ongoing maintenance, designation and termination.
  • Define product requirements for fair value hedges, cash flow hedges and net investment hedges.
  • Help develop functionality for hedge-accounting-specific events including OCI recognition and reclassification, hedge ineffectiveness, fair value hedge basis adjustments and amortization.
  • Help define requirements for hedge effectiveness methodologies including regression, dollar-offset, hypothetical derivative and critical-terms matching.
  • Help build downstream reporting, disclosures, audit support and accounting controls associated with derivatives.
  • Work directly with clients and internal subject-matter experts to understand complex derivatives use cases and translate them into scalable product capabilities.
  • Partner closely with Engineering throughout the development lifecycle, including solution design, testing, validation and release.

Requirements:

  • Approximately 8+ years of experience in derivatives accounting, financial instruments, treasury, capital markets, accounting advisory or a related area.
  • Strong understanding of derivative instruments and their accounting treatment.
  • Experience with the accounting lifecycle of derivatives, including valuation changes, accruals, settlements, terminations and journal entries.
  • Strong understanding of instruments such as interest-rate swaps, cross-currency swaps, FX forwards/NDFs, futures and options.
  • Hedge accounting experience under ASC 815 and/or IFRS 9 is required.
  • Experience with fair value hedges and cash flow hedges; net investment hedge experience is a plus.
  • Experience with hedge documentation and effectiveness assessment methodologies.
  • Strong understanding of the relationship between derivative valuation, economics, cash flows and accounting outcomes.
  • Ability to translate complex accounting guidance into clear business rules, system requirements and test scenarios.
  • Strong analytical skills and ability to work through complex transactional accounting scenarios.
  • Ability to collaborate effectively with accountants, engineers, valuation specialists, quantitative teams and clients.

Preferred:

We are particularly interested in candidates at the Manager level or experienced senior level within a Big Four accounting or advisory firm, particularly those working in:

  • Financial instruments
  • Derivatives accounting
  • Treasury accounting/advisory
  • Capital markets accounting
  • Financial-services accounting advisory
  • Hedge accounting

Candidates from banks, insurers, asset managers or financial technology companies with significant derivatives accounting experience will also be considered.

Salary Range

$179,400.00 - $243,136.45

This is the pay range the Company believes it will pay for this position at the time of this posting. Consistent with applicable law, compensation will be determined based on relevant experience, other job-related qualifications/skills, and geographic location (to account for comparative cost of living). The Company reserves the right to modify this pay range at any time. For this role, benefits include: health/vision/dental insurance, 401(k), PTO, parental leave, and medical leave, STD/LTD insurance benefits. Clearwater Analytics is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class.

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