Job SummaryThe FX and Rates team plays a key role in supporting Equinix's rapid international growth. Operating in over 30 countries and generating the majority of our earnings outside the U.S., we face complex foreign currency environments as we expand globally. To enable scalable solutions for cash flow predictability, earnings protection, and equity risk reduction, we actively manage foreign exchange exposure through the use of FX derivatives.
Our growth, combined with the capital-intensive nature of our business and our REIT structure, requires frequent access to debt and equity markets. To mitigate the interest rate risk associated with this ongoing funding activity, we utilize interest rate derivatives.
In this role, you will be a critical part of our treasury team involved in shaping and managing Equinix's global foreign currency and interest rate hedging strategy, with a particular focus on accounting. You will have opportunities to develop and partner with capital markets, corporate development, FP&A, investor relations, tax, legal, and accounting internally. Externally, your stakeholders would include external legal providers, investment banks, auditors, and consultants. The ideal candidate brings expertise in derivative hedge accounting within a multinational environment and experience in or a passion for financial markets.
Responsibilities- Identify foreign exchange and interest rate exposures, use derivatives and other hedging strategies to manage exposures, and support the accounting and reporting of the hedging programs
- Negotiate terms and execute trades with banking counterparts
- Maintain and manage the trade repository, ensuring completeness, accuracy, and proper classification of all derivative transactions
- Perform month-end close activities including valuation of derivative instruments, preparation of journal entries, and GL account reconciliations
- Lead the preparation and review of 10-Q and 10-K sections related to the company's hedging programs, ensuring accuracy, clarity, and appropriate detail in communicating their impact on financial performance
- Collaborate with IT on various data integration and automation projects, propose and design streamlined processes, look for continuous improvement opportunities
- Serve as a key partner to Accounting, SEC Reporting, and both internal and external audit teams to ensure compliance with US GAAP, adherence to SOX controls, and timely fulfillment of audit requests
Qualifications- Demonstrated history of identifying, proposing, and implementing process improvements across financial reporting and close processes required
- Demonstrated history of problem-solving skills and a tendency to take initiative.
- Knowledge of U.S. GAAP required
- Public accounting experience a plus
- Experience in Reval, Oracle Cloud, and Hyperion preferred
- Highly collaborative temperament with superb attention to detail and proven communication skills
- A strong interest in finance is required to effectively understand the economics of derivatives transactions and associated accounting practices
- Bachelor's degree in Accounting, Finance or related discipline. A Master's degree is aplus
- 3+ years of experience in derivative accounting or a related field
The targeted pay range for this position in the following location is / locations are:
Canada - Toronto Office TRO : 112,000 - 162,000 CAD / Annual
Our pay ranges reflect the minimum and maximum target for new hire pay for the full-time position determined by role, level, and location.
The pay range shown is based on our compensation structure in place at the time of posting and may be updated periodically based on business needs. Individual pay is based on additional factors including job-related skills, experience, and relevant education and/or training.
The targeted pay range listed reflects the base pay only and does not include bonus, equity, or benefits. Employees are eligible for bonus, and equity may be offered depending on the position.
Equinix BenefitsAs an employee, you become important to Equinix's success. We ensure all your benefits are in line with our core values: competitive, inclusive, sustainable, connected and efficient. We keep them competitive within the current marketplace to ensure we're providing you with the best package possible. So, wherever you are in your career and life, you'll be able to enhance your experience and bring your whole self to work.
Employee Assistance Program: An Employee Assistance program is available to all employees.
Canada Core Benefits: - Insurance: You may enroll in healthcare coverage that is designed to complement the provincial healthcare system, along with life, disability and optional benefit plans that are designed for you and your eligible family members. - Retirement: You may also enroll in Equinix-sponsored retirement or savings plans: Defined Contribution Pension Plan (DCPP), Group Retirement Savings Plan (RRSP) and Tax-Free Savings Plan (TSFA). - Vacation and Paid Holidays: Equinix offers both vacation and personal time, along with various paid holidays for you to rest and recharge. Eligibility requirements apply to some benefits. Benefits are subject to specific plan or program terms, and to change at Equinix discretion.
This posting is for a backfill position, meaning it is to fill an existing vacancy within our organization.
