Derivative Accounting Manager

Company: Kraft-Heinz
Location: Chicago
Posted on: April 28, 2024

Job Description:

General information

All posting locations: Chicago, Illinois, United States of America

Job Function: 03 - Finance

Date Published: 10-Apr-2024

Ref #: R-76400

Description & Requirements

Position Summary

The Manager, Derivative Accounting position will play a critical role in managing the accounting and reporting for financial instruments, from recording journal entries to providing required disclosures for SEC filings.This position will interact with Global Treasury, Tax, Legal, Financial Planning & Analysis, our global accounting teams, and external auditors.This position will perform technical accounting and SEC research in order to provide management with timely information for decision-making and analysis.The position will also assist in other significant projects, which vary based on the Company's business transactions and priorities (e.g., acquisitions, divestitures, new policies, new types of transactions, tax planning, cash repatriation, foreign currency matters, training initiatives, benchmarking, etc.).

Primary Responsibilities

• Accounting and reporting: managing the accounting activity related to the company's financial instruments including foreign exchange contracts, cross currency contracts, interest rate swap contracts, and commodity futures and options contracts
• Preparing and reviewing required disclosures to support SEC filings
• Planning and analysis for open, closed, and potential derivative positions
• Monitoring US GAAP and SEC developments and evaluating the impacts of new accounting and reporting rules
• Researching and documenting technical accounting matters, including those related to ASC 815, Derivatives and Hedging and ASC 830, Foreign Currency Matters
• Managing derivatives accounting software
• Maintaining appropriate SOX controls over the areas of ownership
• Working with external auditors
• Assisting with projects relating to M&A activity, accounting and reporting, as required
  Qualifications
  
  • Bachelor's degree in Accounting; CPA preferred
  • Strong knowledge of US GAAP and SEC rules and regulations
  • 5+years of experience; some public accounting with emphasis in SEC engagements preferred
  • Experience overseeing a team of direct reports preferred
  • Ability to effectively lead, manage and prioritize multiple projects, while effectively operating in a fast-paced, complex global organization with shifting schedules and priorities
  • Experience with SAP, Hyperion Financial Management, Reval, and / or EKA CTRM a plus
  • Detail-oriented with the ability to work efficiently and achieve high quality results
  • Excellent analytical, teamwork, customer service and leadership skills
    
    About Us
    
    Kraft Heinz is a global food company with a delicious heritage. With iconic and emerging food and beverage brands around the world, we deliver the best taste, fun and quality to every meal table we touch. We're on a mission to disrupt not only our own business, but the global food industry. A consumer obsession and unexpected partnerships fuel our progress as we drive innovation across every part of our company.
    
    Around the world, our people are connected by a culture of ownership, agility and endless curiosity. We also believe in being good humans, who are working to improve our company, communities, and planet. We're proud of where we've been - and even more thrilled about where we're headed - as we nourish the world and lead the future of food.
    
    Why Us
    
    We grow our people to grow our business. We champion great people who bring ambition, curiosity, and high performance to the table as the guardians of our beloved and nostalgic brands. Good isn't good enough. We choose greatness every day by challenging the ordinary and making bold decisions. All while celebrating our wins - and our failures - as we work together to lead the future of food.
    
    Challenging the status quo takes talent. We invest in your purpose and potential by developing skills and nurturing strengths that leave a legacy on our business and a lasting impact on your career. Because great people make great companies, and we're growing something great here at Kraft Heinz.
    
    Office Collaboration & Hybrid Work Environment
    
    We believe our office environment fuels our collaboration, connection & community as an organization and allows our employees to grow toward greatness. We also believe providing a more flexible and agile model is essential in today's workplace. A majority of our office-based employees will be able to work remotely for up to two days each week. Additionally, employees who are subject to this hybrid model will be eligible to work from anywhere for up to six weeks in a rolling 12-month period (in maximum two-week increments and according to benefits and tax guidelines). Some jobs may be required to be performed fully in office depending on the role's responsibilities and requirements.
    
    Kraft Heinz is an Equal Opportunity Employer that prohibits discrimination or harassment of any type. All qualified applicants are considered for employment without regard to race, color, national origin, age, sex, sexual orientation, gender, gender identity or expression, disability status, protected veteran status, or any other characteristic protected by law. Applicants who require an accommodation to participate in the job application or hiring process should contact NATAI@kraftheinz.com.

Keywords: Kraft-Heinz, Berwyn , Derivative Accounting Manager, Accounting, Auditing , Chicago, Illinois