Senior Manager, Technical Accounting - Derivatives

About the role:

The Senior Manager, Technical Accounting - Derivatives will serve as the Company's derivative accounting subject matter expert and will be initially tasked with establishing the processes, policies, and controls within Corporate Controllership related to accounting and reporting requirements for derivative financial instruments, including interest rate swaps, net investment hedges, cross-currency swaps, and commodity hedges. This role will ensure the systems and data used in these processes is accurate and complete and appropriate controls are established to maintain integrity. Primary responsibilities include the management of the derivative accounting and reporting processes in compliance with GAAP and SEC reporting requirements and supporting the Company's regular review and analysis of hedging results.

Once these processes and capabilities are firmly established within the Controllership team, the additional bandwidth within this role will be focused on other technical matters that arise from complex business transactions or guidance changes as well as providing ad hoc support as technical accounting questions arise across the business.

This role will partner very closely with the Treasury and FP&A team and will provide great opportunities to grow and develop within the Finance Organization.

Key responsibilities will include:

• Prepare monthly and quarterly journal entries for derivative activity and review derivative activity reports from systems to ensure reasonableness.
• Complete required ASC 815 hedge documentation and assist with the quarterly effectiveness assessments. Ensure compliance of newly executed derivatives with the documented hedging strategy.
• Develop and maintain procedures related to our derivative accounting processes and controls and providing training, coaching and support to team members.
• Perform or review control procedures required for SOX compliance.
• Support the Company's regular review and analysis of hedging results and advise management of any hedge effectiveness considerations. Review and provide analyses relating to OCI-release methodologies on an on-going basis.
• Support the quarterly and annual financial statement processes for disclosures required under ASC 815.

About you:

• Provide technical accounting support to other Finance teams relative to profit-in-inventory (i.e., foreign currency-related) matters, as well as support projects for other areas of accounting, including financial instruments, business combinations, asset impairment testing, etc.
• Maintain the Company's derivative accounting policy and update on a regular basis (e.g. annually) for any changes in U.S. GAAP, new hedging strategies undertaken by the Company, etc.
• Serve as the primary point of contact for external auditors' review of the Company's derivative activity.
• CPA preferred.
• Knowledge of U.S. GAAP, particularly ASC 815 and other requirements relating to derivatives and financial instruments.
• Strong proficiency with Microsoft Office tools (including Excel, Word and Outlook).
• Candidates should also be able to demonstrate the following: strong attention to details and accuracy; strong interpersonal, organization and analytical abilities.

Education and experience required:

• B.S. in Accounting/Finance required.
• 5-7 years of experience with a large public accounting or consulting firm, or in the financial reporting/technical accounting department of a large multi-national and publicly traded company.
• Significant experience with application of accounting standards in the financial instruments and derivatives, hedge accounting of interest rate, foreign currency, and commodity risks and embedded derivatives in debt, equity and commodity contracts
• Hybrid Role. Monday-Thursday in office. Friday work from home.
• Franklin Lakes, New Jersey

Click on Apply if this sounds like you!

At BD, we prioritize on-site collaboration because we believe it fosters creativity, innovation, and effective problem-solving, which are essential in the fast-paced healthcare industry. For most roles, we require a minimum of 4 days of in-office presence per week to maintain our culture of excellence and ensure smooth operations, while also recognizing the importance of flexibility and work-life balance. Remote or field-based positions will have different workplace arrangements which will be indicated in the job posting.

For certain roles at BD, employment is contingent upon the Company's receipt of sufficient proof that you are fully vaccinated against COVID-19. In some locations, testing for COVID-19 may be available and/or required. Consistent with BD's Workplace Accommodations Policy, requests for accommodation will be considered pursuant to applicable law.

Why Join Us?

A career at BD means being part of a team that values your opinions and contributions and that encourages you to bring your authentic self to work. It's also a place where we help each other be great, we do what's right, we hold each other accountable, and learn and improve every day.

To find purpose in the possibilities, we need people who can see the bigger picture, who understand the human story that underpins everything we do. We welcome people with the imagination and drive to help us reinvent the future of health. At BD, you'll discover a culture in which you can learn, grow, and thrive. And find satisfaction in doing your part to make the world a better place.

To learn more about BD visit https://bd.com/careers

Becton, Dickinson and Company is an Equal Opportunity/Affirmative Action Employer. We do not unlawfully discriminate on the basis of race, color, religion, age, sex, creed, national origin, ancestry, citizenship status, marital or domestic or civil union status, familial status, affectional or sexual orientation, gender identity or expression, genetics, disability, military eligibility or veteran status, or any other protected status.

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Primary Work Location

USA NJ - Franklin Lakes

Additional Locations

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