Senior Debt, Investments & Derivatives Accountant

About the role

Farm Credit Bank of Texas seeks a Senior Debt & Investments Analyst to support the accounting, analysis, reporting, and control activities related to the Bank's debt, investment, derivative, and other off-balance-sheet portfolios.

Responsibilities

• Maintain and input investment trades, debt issuances, derivative transactions, and derivative collateral activity within the Bank’s financial system, including updates to factors, interest rates, market values, and other required instrument attributes.
• Support the daily and ongoing maintenance of the Bank’s debt, investment, derivative, and off-balance-sheet portfolios within the financial system.
• Develop and maintain a strong understanding of the financial system’s functionality, instrument setup requirements, and accounting outputs, and communicate related issues or recommended improvements to management and Finance partners.
• Analyze derivative transactions and maintain supporting documentation related to hedge accounting treatment, including documentation of hedge relationships, hedge effectiveness, and related compliance with accounting requirements.
• Evaluate and document note purchases from a loan versus investment designation to determine the appropriate GAAP classification and accounting treatment.
• Generate and analyze daily, monthly, quarterly, and annual reports used for financial reporting, compliance, management analysis, and operational support, and assist with preparation of financial statement disclosures.
• Research and resolve accounting discrepancies related to debt, investment, and derivative activity.
• Support monthly close and quarterly and annual reporting activities under tight deadlines.
• Help ensure compliance with internal controls, including SOX and internal controls over financial reporting applicable to responsibilities within the role.
• Maintain clear and complete procedural documentation for assigned activities, including process functionality within the financial system.
• Perform testing and analysis related to software versions, system updates, and application changes affecting debt, investment, and derivative processing, in accordance with Bank change management procedures.
• Contribute to ongoing automation and process improvement efforts to enhance team efficiency, accuracy, and control effectiveness.
• Review and approve work performed by temporary or full-time personnel, as assigned.
• Exercise sound judgment, objectivity, professional proficiency, and high standards of conduct at all times.
• Perform other duties and special projects as assigned.

Requirements

• Required: Bachelor’s degree in finance, accounting, or a related field.
• Six (6) to eight (8) years of experience in debt, investment, derivative, treasury, or other financial instruments accounting and analysis.
• Working knowledge of accounting treatment for debt, investment, and derivative instruments and the applicable accounting principles.
• Experience with or demonstrated exposure to derivative accounting, hedge accounting documentation, financial instrument analysis, or related activities.
• Ability to analyze transactions, identify accounting issues, and apply sound problem-solving and independent judgment.
• Strong written and verbal communication skills.
• Strong organizational skills and ability to manage multiple priorities and deadlines.
• Ability to work effectively both independently and as part of a team.

Preferred

• Certified Public Accountant designation.
• Direct experience with hedge accounting, including documentation of hedge relationships, effectiveness assessments, and related financial disclosures.
• Experience valuing derivatives or supporting derivative valuation processes.
• Experience in a banking, financial services, treasury, or other regulated financial environment.
• Experience with financial systems used for debt, investment, and derivative accounting.
• Experience supporting automation, system enhancement, or process improvement initiatives.