Foreign Exchange & Benefits Accounting Manager

Title:

KBR is a dynamic solutions provider to governmental and commercial customers globally.  As part of the Corporate Accounting organization, the Foreign Exchange & Benefits Accounting Manager serves as the primary accounting partner to the Foreign Exchange and Compensation & Benefits functions as well as accounting and finance professionals across KBR.

Key Focus Areas Include:

• Employee benefit plans such as:

> Health and Welfare

> Retirement

> Defined Pension

> Incentive Programs

> PTO

• Foreign currency transactions
• Debt instruments
• Derivative financial instruments
• Hedge accounting.

The position requires the ability to partner among many team members, including:

• Corporate Accounting and Planning to ensure proper input is provided for accurate budgets and forecasts.
• KBR segment accounting teams to communicate impacts of benefits costs as well as foreign exchange changes.
• Collaborate with Treasury teams to ensure up-to-date debt compliance and proper hedge accounting
• HR and Benefits teams to ensure benefits accounting aligns with current business practices

Supervisory Responsibilities:   

• The position requires leadership and direct manager oversight of employees and is responsible for work assignments, performance reviews, setting goals, providing ongoing training, and maintaining strong employee relationships.
• Lead the implementation and development of new procedures and features to improve the workflow of the organization and provide training for new or existing staff if necessary.

Benefits Accounting Responsibilities

• Manage accounting and reporting for pension and other post-retirement benefit plans.
• Oversee accounting for deferred compensation arrangements.
• Manage accounting for stock-based compensation programs.
• Review actuarial reports and ensure accurate recording of pension and benefit obligations.
• Coordinate with Compensation & Benefits leadership regarding employee benefit programs.
• Support annual audits related to employee benefit plans.
• Prepare benefit-related financial statement disclosures.
• Monitor compliance with ASC 715 and ASC 718.

FX, Debt & Hedging Responsibilities

• Manage accounting related to foreign currency transactions and foreign exchange exposure.
• Review foreign currency remeasurement and translation calculations.
• Monitor currency translation adjustments for accuracy.
• Analyze and record foreign exchange gains and losses.
• Oversee accounting for debt instruments, revolving credit facilities, and financing arrangements.
• Review debt schedules, issuance costs, and interest expense accounting.
• Manage derivative accounting activities, including FX and interest rate hedging instruments.
• Support hedge designation, documentation, and effectiveness testing requirements.
• Ensure compliance with ASC 815 and ASC 830.
• Partner directly with the Treasurer regarding financing activities and risk management strategies.·     

Financial Reporting & Close

• Lead month-end, quarter-end, and year-end close activities for Treasury and Benefits accounting areas.
• Review and approve account reconciliations.
• Support preparation of quarterly and annual disclosures.
• Coordinate with internal and external auditors.
• Assist with technical accounting research and implementation of new standards.
• Maintain effective SOX controls and support testing with internal and external auditors.

Planning, Analysis & Process Improvement

• Support budgeting and forecasting by providing input on benefit expenses, pension costs, foreign exchange impacts, and interest expense.
• Perform variance analysis and provide business insights to management.
• Partner with FP&A on long-range planning activities.
• Identify automation and process improvement opportunities.
• Lead continuous improvement initiatives to strengthen controls and efficiency.

Key Qualifications:

Required:

• 9+ years of accounting experience
• Experience with SAP, Hyperion HFM, Microsoft Dynamics
• Strong interpersonal skills, the ability to effectively work cross-functionally, and with all levels of management.
• Excellent oral and written communication skills.
• Strong analytic skills and demonstrated ability to plan and organize.
  

Preferred:

• Capable of multi-tasking, prioritizing, and leading teams and initiatives.

• Experience in corporate Benefits Accounting and/or Foreign Exchange

Ideal Candidate

• Trusted business partner with expertise in benefits, foreign currency, debt, derivatives, and hedge accounting.

• Demonstrates leadership, collaboration, and continuous improvement mindset.

• Comfortable explaining complex accounting matters to business leaders.