Senior Derivatives Accounting Product Manager

About the role

We are looking for a Senior Product Manager with strong derivatives accounting experience to help design and build Clearwater’s end-to-end derivatives capabilities. The ideal candidate will have deep knowledge of derivative instruments, derivative accounting and the broader derivatives lifecycle, along with hands-on experience with hedge accounting under ASC 815 and/or IFRS 9. This person will work closely with Product, Engineering, Valuation, Accounting and client-facing teams to translate complex derivative accounting requirements into scalable product functionality.

Responsibilities

• Help design and build end-to-end derivatives capabilities across the trade and accounting lifecycle.
• Translate derivative accounting requirements into product requirements, business rules, workflows, calculations and acceptance criteria for engineering teams.
• Define accounting treatment and journal-entry logic for derivative instruments across initial recognition, periodic valuation, accruals, settlements, terminations and other lifecycle events.
• Help design accounting functionality for instruments including interest-rate swaps, cross-currency swaps, FX forwards and NDFs, futures, options, caps/floors, swaptions and other derivative products.
• Partner with valuation teams to ensure appropriate integration between derivative valuations, market data, cash flows and accounting outputs.
• Help define accounting treatment for realized and unrealized gains/losses, accruals, settlements, premiums, financing components and other derivative-related accounting events.
• Help design and build hedge accounting functionality, including hedge designation, documentation, effectiveness testing, ongoing maintenance, designation and termination.
• Define product requirements for fair value hedges, cash flow hedges and net investment hedges.
• Help develop functionality for hedge-accounting-specific events including OCI recognition and reclassification, hedge ineffectiveness, fair value hedge basis adjustments and amortization.
• Help define requirements for hedge effectiveness methodologies including regression, dollar-offset, hypothetical