Hedge Accounting and Treasury Specialist: Relocate to New Zealand

KPMG New Zealand is part of the international KPMG network and aims to provide the best audit, tax and advisory services to clients. Our Financial and Prudential Risk Management (FPRM) team has extensive treasury, prudential regulatory and financial instruments accounting advisory experience (IFRS 9, IFRS 7, IAS 39 and IAS 32) in the market as well as in-depth understanding of technical accounting and insights into practical application issues and challenges.The team’s experience enables us to anticipate and proactively address the challenges in the application of these accounting standards to the financial services and non-financial services sector. Our proven track record has resulted in significant growth which require a dynamic and skilled individual to lead engagement delivery as well as help us in continually expanding our market presence by advocating our brand and our vision 

The Opportunity:

• We have an opportunity for a senior level resource to help KPMG to meet our demanding hedge accounting and treasury advisory services pipeline. This individual would be key to delivering a significant part of our IFRS 9 and financial instruments accounting pipeline, leading engagements with a variety of clients, including NZX listed corporates and registered banks. This role will provide you with opportunities to get involved in areas of financial risk e.g. corporate treasury, market risk etc.
• The primary focus of the successful candidate will be hedge accounting and financial instruments valuation for financial services and corporate clients.
• Beyond delivering successfully on engagements the role will give you the opportunity to build on our current market presence and expand both our clients as well as our service offering with intuitive new solutions.

Day to day you will:

• Need the following specific technical accounting expertise:
• Specialist advice on the assessment and implementation of IAS 39 and IFRS 9, IFRS 7 and practical advice on financial instrument accounting issues in general
• Delivering on financial instruments related engagements (Advisory or Audit) - this includes:
• Designation of hedging relationships using forward foreign exchange contract, interest rate swaps, cross currency interest rate swaps and options;
• Auditing or accounting advice on hedge documentation, hedge effectiveness testing and hedge accounting journals;
• Financial instrument valuations (calculating CVA/DVA adjustments)
• Financial instruments and hedge accounting related disclosures
• Assessments of the impact of emerging issues on borrowing, investment or hedging activities.
• You'll provide subject matter expertise on technical accounting as well as practical implications relating to IFRS 9 hedge accounting standards
• Lead client workshops, training and challenge around clients’ IFRS 9 hedge accounting principles and practices
• Drive development of IFRS 9 hedge accounting collateral and tools
• Keep up-to-date with the market and own IBOR reform related changes both from valuation as well as hedge accounting perspective
• Lead business development initiatives, both internally and with clients
• Expand our solution toolkit with intuitive, efficient new solutions.

What you'll bring to the team:

• Strong banking finance (including an understanding of the interactions with risk functions) or corporate treasury knowledge and demonstrate the following skills:
• Significant experience in accounting/auditing of treasury transactions (debt/equity or derivatives), particularly around application of IAS32, IAS 39 and IFRS 9
• In-depth understanding of issues and challenges facing the treasury and finance functions of financial institutions and/or corporates
• Experience in business development, as well as proposal writing and presenting to clients
• Previous experience managing, leading and developing teams
• Excellent project management skills with a proven track record in delivering high quality services
• Strong report writing skills and ability to translate complex matters to plain English that are easy to understand by non-specialist stakeholders.
• Qualified accountant (CA/CPA is preferable)
• Excellent communicator with the personal skills to build strong and lasting client relationships
• Strong Microsoft PowerPoint, Word and Excel skill

Life at KPMG We offer rewarding careers to talented individuals and a range of benefits to help provide holistic support for your work life, whatever your circumstance. As a KPMG employee, we will offer you:—   An array of health and wellness benefits such as free flu jabs, subsidised sporting events, access to EAP, additional leave to support you if you are diagnosed with COVID-19, access to e-bikes and other facilities. You will also have access to our Wellbeing@KPMG portal which has an extensive array of health and wellness advice.   —   Hybrid Working – a mix of working in the office and at home to enhance your work/life balance—   Flexible leave options, including the ability to purchase additional annual leave—   Access to ‘Whanau@KPMG’ – 18 weeks’ paid flexible leave for all new parents - primary and secondary carers—   Unlimited access to digital accreditations through our partnership with Microsoft, LinkedIn Learning, with bespoke learning pathways for all employees.—   Corporate discounts on a range of lifestyle goods and services.—   Opportunity to join any of our Inclusion, Diversity and Equity networks as a participant and ally.—   Opportunity to join our Social club and enjoy activities such as cooking classes, painting, quiz nights and more.—   Time off for volunteering. —   Eligibility to our annual bonus plan. —   Opportunities for local and international secondments.  We believe that diversity of background and experience strengthens relationships and delivers meaningful benefits to our people, clients and communities. Our goal is to be recognised as an employer of choice for all, irrespective of gender, ethnicity, generation, flexible work status, family circumstances, sexual orientation or disability. Further info can be found on our website We are a 2022 Circle Back Initiative Employer – we commit to respond to every applicant.