Hedge Accountant for Large Projects

Location:

Ludvika, Dalarna County, Sweden

Job ID:

R0069383

Date Posted:

2025-01-21

Company Name:

HITACHI ENERGY SWEDEN AB

Profession (Job Category):

Finance

Job Schedule: 

Full time

Remote:

No

Job Description:

The opportunity

We are seeking a detail-oriented, experienced Hedge Accountant to support establishing and managing Hitachi Energy’s hedge accounting practices. You will ensure compliance with accounting standards and drive improvements to our hedge accounting processes. You will play a critical role in managing and reporting derivative transactions, ensuring accurate hedge effectiveness testing and maintaining alignment with IFRS 9 requirements. To help establish and implement a fit-for-purpose approach to hedge accounting, you will be collaborating with corporate controlling, the business, treasury and IT.

How you’ll make an impact

• Ensure accurate documentation of hedge relationships and assess hedge effectiveness

• Record and monitor hedging transactions in S4 HANA and ensure proper reporting in our consolidation tool

• Collaborate with the treasury team to evaluate financial risks related to foreign exchange for large, complex projects

• Prepare and present hedge accounting reports, disclosures, and reconciliations for financial statements

• Ensure compliance with relevant regulations, including IFRS 9 and Hitachi Energy reporting requirements

• Liaise with external auditors during audits and respond to inquiries

• Provide insights and recommendations to management and project controllers on improving hedging effectiveness

• Enhance hedge accounting processes and systems, with the support of IT, to improve efficiency and accuracy

• Work with project controllers on large, long duration and complex projects to effectively hedge risk exposure

Your Background

• Bachelor’s degree in accounting, Economics and/or Business Administration

• Minimum 5 years of experience in hedge accounting, financial risk management, and/or treasury functions

• Strong knowledge of financial derivatives and hedging strategies

• In-depth understanding of IFRS 9 or similar hedge accounting standards. In-depth knowledge of other IFRS standards is strongly preferred

• Proficiency in financial software (e.g., SAP or specialized hedge accounting tools)

• Strong analytical, problem-solving, and organizational skills

• Excellent communication and interpersonal skills to interact with stakeholders

• Fluency in written and spoken English (other languages are an advantage)

What we offer

• Collective agreement

• Flexible working time

• Health care and wellness allowance

• Fantastic career possibilities within Hitachi Energy both within Sweden and globally

• Mentor to support you throughout onboard phase

• Various trainings and education supporting employee development​

• Diversified company with over 70+ nationalities working in Sweden

• Supplementary compensation for parental leave

• Employee Benefit Portal with thousands of discounts and perks

More about us

Are you ready for a new exciting challenge? Does the above description sound like you? Applications will be reviewed on an ongoing basis, so don’t delay – apply today. 

Recruiting Manager Katie Vuille, [email protected] will be happy to answer your questions regarding this position. Union representatives – Sveriges Ingenjörer: Elisabeth Gudmundsson, +46 107-38 32 19; Ledarna: Frank Hollstedt, +46 107-38 70 43; Unionen: Karin Ulvemark +46 107-38 51 42. All other questions can be directed to Lead Recruiter, Tobias Nilsson, [email protected]. 

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