McDermott International, Ltd

DescriptionJob Overview:The Senior Treasury Analyst/Accountant – FX & Hedging is responsible for supporting the Company’s global foreign exchange risk management program, executing and administering hedging strategies, monitoring currency exposures, and ensuring compliance with treasury policies and accounting requirements. The role partners closely with business units, accounting, FP&A, tax, and regional finance teams to identify, quantify, manage, and report foreign exchange risks. The position plays a critical role in protecting the organization from adverse currency movements through the use of financial derivatives and natural hedging strategies while supporting cash flow forecasting, hedge accounting, and treasury technology initiatives.ResponsibilitiesKey Tasks and Responsibilities:Manage all hedge accounting activities for cash flow hedges, fair value hedges, and net investment hedgesPrepare and maintain hedge designation documentation and effectiveness testingEnsure compliance with ASC 815 and company accounting policiesRecord monthly and quarterly hedge accounting journal entriesPrepare hedge-related disclosures for financial statements and SEC filingsMaintain supporting documentation for internal and external auditsReview FX forwards, swaps, options, interest rate swaps, and commodity hedgesProvide accounting guidance on proposed hedging strategiesAnalyze the accounting implications of new treasury products and risk management initiativesControls & ComplianceDevelop and maintain SOX-compliant controls over derivative accounting processesCoordinate with Internal Audit and external auditorsEnsure timely completion of reconciliations and control activitiesMonitor changes in accounting standards and regulatory requirementsAnalysis & ReportingProduce monthly hedge accounting reports and variance analysesExplain OCI, hedge ineffectiveness, and earnings impacts to managementSupport forecasting of hedge-related P&L and balance sheet impactsAssist with quarter-end and year-end close processesSystem & Process ImprovementMaintain hedge accounting systems and treasury management platformsSupport implementation of Treasury Management Systems (TMS) and ERP enhancementsDrive automation and process efficiency initiativesDevelop standardized procedures and documentationQualificationsEssential Qualifications and EducationEducationBachelor’s degree in accounting, Finance, or related fieldCPA preferredMBA, CFA, or CTP is a plusExperience5+ years of accounting, treasury accounting, or hedge accounting experienceStrong knowledge of ASC 815 and/or IFRS 9Experience with derivative instruments such as: FX forwards and options, Interest rate swaps, Commodity hedges and Cross-currency swapsExperience supporting external auditsExperience with ERP and Treasury Management Systems (e.g., SAP, Oracle, Quantum, Kyriba)Technical SkillsAdvanced Excel skillsStrong financial reporting capabilitiesKnowledge of Treasury and risk management operationsAbout UsOur ingenuity fuels daily life. Together, we’ve forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing platforms hundreds of miles from shore, using our expertise to design and build offshore wind infrastructure, and reshaping the onshore landscape to deliver the energy products the world needs safely and sustainably.For more than 100 years, we’ve been making the impossible possible. Today, we’re driving the energy transition with more than 30,000 of the brightest minds across 54 countries.

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