Senior Derivatives Accounting Product Manager

Posted Yesterday
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New York, NY, USA
Hybrid
179K-243K Annually
Senior level
Fintech • Software • Financial Services
See Clearly. Act Confidently.
The Role
Design and build Clearwater’s end-to-end derivatives accounting capabilities. Translate complex derivatives and hedge-accounting requirements into product functionality, business rules, workflows, calculations, journal-entry logic, and engineering acceptance criteria. Define accounting treatment across derivative lifecycles, valuations, settlements, and hedge events under ASC 815 and/or IFRS 9. Partner with engineering, valuation, accounting, quantitative, and client teams on product design, testing, reporting, disclosures, audit support, and scalable implementation.
Summary Generated by Built In

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 derivative and critical-terms matching.
  • Help build downstream reporting, disclosures, audit support and accounting controls associated with derivatives.
  • Work directly with clients and internal subject-matter experts to understand complex derivatives use cases and translate them into scalable product capabilities.
  • Partner closely with Engineering throughout the development lifecycle, including solution design, testing, validation and release.


Requirements:


  • Approximately 8+ years of experience in derivatives accounting, financial instruments, treasury, capital markets, accounting advisory or a related area.
  • Strong understanding of derivative instruments and their accounting treatment.
  • Experience with the accounting lifecycle of derivatives, including valuation changes, accruals, settlements, terminations and journal entries.
  • Strong understanding of instruments such as interest-rate swaps, cross-currency swaps, FX forwards/NDFs, futures and options.
  • Hedge accounting experience under ASC 815 and/or IFRS 9 is required.
  • Experience with fair value hedges and cash flow hedges; net investment hedge experience is a plus.
  • Experience with hedge documentation and effectiveness assessment methodologies.
  • Strong understanding of the relationship between derivative valuation, economics, cash flows and accounting outcomes.
  • Ability to translate complex accounting guidance into clear business rules, system requirements and test scenarios.
  • Strong analytical skills and ability to work through complex transactional accounting scenarios.
  • Ability to collaborate effectively with accountants, engineers, valuation specialists, quantitative teams and clients.


Preferred:


We are particularly interested in candidates at the Manager level or experienced senior level within a Big Four accounting or advisory firm, particularly those working in:


  • Financial instruments
  • Derivatives accounting
  • Treasury accounting/advisory
  • Capital markets accounting
  • Financial-services accounting advisory
  • Hedge accounting


Candidates from banks, insurers, asset managers or financial technology companies with significant derivatives accounting experience will also be considered.

Salary Range

$179,400.00 - $243,136.45

This is the pay range the Company believes it will pay for this position at the time of this posting. Consistent with applicable law, compensation will be determined based on relevant experience, other job-related qualifications/skills, and geographic location (to account for comparative cost of living). The Company reserves the right to modify this pay range at any time. For this role, benefits include: health/vision/dental insurance, 401(k), PTO, parental leave, and medical leave, STD/LTD insurance benefits. Clearwater Analytics is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class.

Skills Required

  • Approximately 8+ years of experience in derivatives accounting, financial instruments, treasury, capital markets, accounting advisory, or a related area.
  • Strong understanding of derivative instruments and their accounting treatment.
  • Experience with the accounting lifecycle of derivatives, including valuation changes, accruals, settlements, terminations, and journal entries.
  • Strong understanding of interest-rate swaps, cross-currency swaps, FX forwards/NDFs, futures, and options.
  • Hedge accounting experience under ASC 815 and/or IFRS 9.
  • Experience with fair value hedges and cash flow hedges.
  • Experience with net investment hedges.
  • Experience with hedge documentation and effectiveness assessment methodologies.
  • Strong understanding of the relationship between derivative valuation, economics, cash flows, and accounting outcomes.
  • Ability to translate complex accounting guidance into business rules, system requirements, and test scenarios.
  • Strong analytical skills and ability to work through complex transactional accounting scenarios.
  • Ability to collaborate effectively with accountants, engineers, valuation specialists, quantitative teams, and clients.
  • Manager-level or experienced senior-level experience within a Big Four accounting or advisory firm, particularly in financial instruments, derivatives accounting, treasury accounting/advisory, capital markets accounting, financial-services accounting advisory, or hedge accounting.
  • Significant derivatives accounting experience from a bank, insurer, asset manager, or financial technology company.

What the Team is Saying

Dan
Andrew
Cynthia
Liz
Alok
Dori
Ahmad
Clearwater Analytics (CWAN)
Souvik Das
Sandeep Sahai

Clearwater Analytics (CWAN) Compensation & Benefits Highlights

  • Retirement Support — A 401(k) plan with employer matching is highlighted consistently in company materials and benefits summaries. Feedback suggests the match makes retirement savings a clear strength of the package.
  • Flexible Benefits — Hybrid schedules, flexible hours, and short work-from-anywhere allowances are advertised for some roles. Feedback suggests this flexibility adds practical value even when positions are not fully remote.
  • Equity Value & Accessibility — Restricted stock units and an employee stock purchase plan are listed as part of total rewards for eligible roles. Feedback suggests these equity programs can enhance overall compensation when included in an offer.

Clearwater Analytics (CWAN) Insights

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The Company
HQ: Boise, ID
1,100 Employees
Year Founded: 2004

What We Do

CWAN was founded on a simple belief: investment professionals deserve modern technology that actually works for them. Not legacy systems that slow them down. Not fragmented data that creates confusion. But one comprehensive platform that gives you complete visibility and crystal-clear insights. The result? Investment management that works as seamlessly as your investment strategy. Since our founding in 2004, CWAN has been the trusted technology partner powering the world’s leading institutional investors — from insurance companies, asset managers, and hedge funds to asset owners like corporations, endowments, and pension funds managing over $10 trillion in assets.

Why Work With Us

We continue to grow, fueled by a strong foundation, an ambitious vision, and a commitment to delivering exceptional value to our clients, partners, and team members around the world. What started as a bold idea in Boise, Idaho has rapidly transformed into a global presence. We’ve expanded our footprint significantly—now operating out of 24 offices

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Clearwater Analytics (CWAN) Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Typical time on-site: Flexible
HQBoise, ID
Bengaluru, Karnataka
Chicago, IL
Dublin, IE
Hong Kong, 23/F, Man Yee Building
London, GB
Mumbai, Maharashtra
New York, NY
Singapore
Sydney
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