Job Description
<Job Responsibilities> 1. System & Process Development - Design hedge accounting workflows, policies, and internal controls aligned with IFRS 9/IAS 39. - Support the development, testing, and implementation of hedge accounting modules in the system. - Other duties assigned by Management. 2. Operational hedge accounting system phase - Manage and monitor physical commodity contracts, including purchase contracts, sales contracts, fixation mechanisms, terminal months, and delivery terms. - Responsible for tracking, recording, and managing commodity future contracts from execution to daily margining, revaluation, roll-over, and maturity/settlement. - Match hedged items with hedging instruments, ensuring 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 against stocks and physical contracts. - Work closely with the SCM department (Supply Chain Management) to understand hedging strategies and ensure timely and accurate accounting for transactions. - Enhance and improve the efficiency of operating the Hedge Accounting system. - Prepare documentation and analysis for auditors, management, and internal stakeholders related to hedging activities. - Other duties assigned by Management.
Job Requirement
<Necessary Skill / Experience > ・Education: Bachelor's degree or higher in Accounting, Auditing, Finance, or a related field ・Age: 25~35 ・Gender: Any ・Language: English - Business Level ・Experience: Minimum 3-5 years of specialized experience in Financial Accounting, Auditing, Derivative Accounting, or Risk Management ・Knowledge: - IFRS knowledge is a must - Strong theoretical knowledge of Hedge Accounting, both Fair Value Hedges and Cash Flow Hedges. - Knowledge of commodity markets, specifically coffee price risk, and how to transact on commodity futures markets. ・Skills: - Ability to build and operate complex valuation/hedge effectiveness testing models in Excel or a specialized system. - Analytical thinking, documentation skills, communication, and cross-functional collaboration. - Team management skills. <Preferable Skill / Experience> - Experience in development, implementation, or enhancement of Hedge Accounting system. - Practical experience in applying Hedge Accounting (Fair Value).