FX Accounting Senior Manager/ Manager (Bangkok based, relocation provided)

About Agoda

At Agoda, we bridge the world through travel. Our story began in 2005, when two lifelong friends and entrepreneurs, driven by their passion for travel, launched Agoda to make it easier for everyone to explore the world.  

 

Today, we are part of Booking Holdings [NASDAQ: BKNG], with a diverse team of over 7,000 people from 90 countries, working together in offices around the globe. Every day, we connect people to destinations and experiences, with our great deals across our millions of hotels and holiday properties, flights, and experiences worldwide.

 

No two days are the same at Agoda. Data and technology are at the heart of our culture, fueling our curiosity and innovation. If you’re ready to begin your best journey and help build travel for the world, join us.

The Opportunity  

We are looking for an FX Controller to join our Finance team in Bangkok. This role is ideal for an experienced accounting professional with strong technical knowledge of foreign exchange, derivatives, hedge accounting and financial controls in a complex multinational environment.  

You will own the accounting and controllership framework for foreign-currency transactions and exposures across multiple entities, currencies and jurisdictions. This includes FX revaluation, realized and unrealized gains and losses, derivatives, hedge-related accounting, foreign-currency intercompany transactions, exchange-rate governance and the reconciliation of Treasury systems to the general ledger.  

You will be responsible for ensuring that FX accounting outcomes are complete, accurate, explainable and compliant with applicable accounting standards and internal policies. You will also provide clear analysis of material FX movements, identify unexpected exposures or accounting outcomes, and coordinate their resolution with Treasury, Controllership, Tax, Finance Systems and other Finance teams.  

Beyond close and reporting ownership, you will help establish a scalable FX accounting operating model. This includes strengthening controls, improving exposure and hedge visibility, automating reconciliations and ensuring that the economic intent of Treasury activity is reflected appropriately in the financial statements.  

This is a high-impact role for someone who enjoys combining technical accounting, FX and derivatives expertise, financial controllership, data analysis and cross-functional leadership.  

In This Role, You'll Get To  

FX Accounting and Close Ownership  

• Own the end-to-end accounting for foreign-currency transactions, balances, exposures and Treasury-driven FX activity across multiple entities and ledgers.  

• Manage monthly,  quarterly  and annual FX close activities, ensuring that all relevant transactions, valuations,  revaluations  and accounting adjustments are recorded accurately and on time.  

• Review and approve FX-related journal entries, including realized and unrealized gains and losses,  balance-sheet  revaluations, derivatives,  settlements  and hedge-related entries.  

• Ensure the correct treatment of transaction currency, functional currency, reporting  currency  and source-currency amounts throughout the accounting process.  

• Review FX results across the income statement, balance  sheet  and other comprehensive income, where applicable, and explain material movements to senior Finance stakeholders.  

• Perform reasonableness and trend analysis of FX gains and losses against exposures, market-rate movements, hedging activity, prior  periods  and forecasts.  

• Investigate unexpected FX volatility, unusual source-currency balances, duplicated or missing entries, incorrect exchange  rates  and other accounting exceptions.  

• Maintain clear visibility over outstanding FX close items, owners,  financial impact  and expected resolution dates.  

Derivatives and Hedge Accounting  

• Oversee the accounting for FX derivatives, including forwards, options,  swaps  and other instruments used to manage foreign-currency risk.  

• Review derivative valuations, settlements, premiums,  accruals  and related general-ledger postings.  

• Assess and document the  appropriate accounting  treatment for new or non-routine FX and derivative transactions.  

• Support or oversee hedge designation, hedge documentation, effectiveness  assessments  and the ongoing accounting for qualifying hedging relationships.  

• Ensure  accurate  presentation of hedge results between the income statement, balance  sheet  and other comprehensive income, where applicable.  

• Monitor non-designated or non-qualifying hedges and ensure that their accounting impact is accurately tracked and explained.  

• Review hedge discontinuations, modifications, rollovers, early  settlements  and ineffectiveness for  appropriate accounting  treatment.  

• Support quarterly  derivatives  disclosures, group reporting, regulatory or survey submissions and audit requirements.  

FX Exposure and Balance-Sheet Control  

• Develop and  maintain  a complete view of material foreign-currency monetary assets, liabilities,  commitments  and intercompany exposures.  

• Reconcile FX exposure information between Treasury systems, bank data, subledgers, consolidation  systems  and the general ledger.  

• Review foreign-currency cash, bank, receivable, payable, loan, cash-pool and intercompany balances for completeness and  appropriate revaluation .  

• Oversee the accounting for foreign-currency intercompany funding, settlements, service  charges  and other cross-border transactions.  

• Ensure approved exchange rates are applied consistently, including spot rates, month-end rates, average rates, historical  rates  and fixed intercompany rates where required.  

• Challenge unexplained or unhedged exposures and work with Treasury and Finance teams to  determine  whether they arise from genuine economic positions, timing differences, missing  transactions  or accounting errors.  

• Establish investigation and escalation thresholds for material FX differences and unresolved reconciliation items.  

• Ensure significant FX-related  balance-sheet  accounts are reconciled,  reviewed  and signed off within the close timetable.  

Exchange-Rate Governance and Data Quality  

• Own or oversee the governance of exchange rates used in ERP, Treasury,  consolidation  and reporting systems.  

• Validate that approved rates are complete,  accurate ,  timely  and consistently applied across entities and accounting processes.  

• Monitor interfaces between   systems,  market-data  sources, ERP  platforms  and  relevant  tools.  

• Investigate differences caused by incorrect rates, stale data, currency  mapping  or system configurations.  

• Partner with Finance Systems and Treasury teams to improve the reliability and traceability of data.  

• Maintain appropriate evidence and  approval  records for rates, valuations, adjustments and system-generated entries.  

Financial Reporting and Management Analysis  

• Deliver  accurate  and  timely  FX accounting results for management,  treasury,  group  consolidation  and statutory reporting.  

• Prepare clear explanations of material movements, distinguishing between operational exposure, translation effects, revaluation, hedging results, settlement  timing  and accounting corrections.  

• Partner with FP&A and Finance Business Partners to explain actual FX outcomes against forecast or budget assumptions.  

• Support the preparation and review of  financial-statement  disclosures relating to foreign currency, derivatives, financial  instruments  and risk management.  

• Provide  accounting insight  to  Treasury on the potential financial-statement implications of proposed transactions or hedging strategies.  

• Support senior management and group reporting queries relating to FX volatility, exposure, hedging  performance  and  balance-sheet  movements.  

Controls, Compliance and Audit  

• Design and  maintain  a robust internal-control framework for FX accounting, valuation, journal entries, reconciliations,  rates  and hedge-related processes.  

• Ensure FX accounting processes  comply with  corporate policies, SOX requirements and applicable accounting guidance, including US GAAP where relevant.  

• Maintain audit-ready documentation supporting FX exposures, exchange rates, valuations, accounting  conclusions  and hedge relationships.  

• Partner with internal and external auditors on FX accounting, derivative valuation, hedge  accounting  and control-testing requirements.  

• Identify  control gaps, recurring  exceptions  and financial-reporting risks, and implement practical remediation plans.  

• Ensure  appropriate segregation  of duties between transaction execution, confirmation, valuation, accounting,  reconciliation  and approval.  

• Establish controls over manual FX entries and ensure that material adjustments receive  appropriate review  and approval.  

Projects and Process Improvement  

• Lead initiatives to improve FX accounting, valuation, reporting, exposure  management  and close processes.  

• Automate reconciliations between Treasury systems, ERP platforms, bank  data  and consolidation systems.  

• Reduce dependence on manual spreadsheets and develop controlled, scalable sources of FX accounting information.  

• Define accounting and control requirements for new currencies, entities, bank accounts, Treasury  products  and system implementations.  

• Support requirements gathering, solution design, user-acceptance testing,  deployment  and post-go-live monitoring for FX-related Finance projects.  

• Develop dashboards and exception reports that improve visibility over FX exposures, hedge coverage, accounting  results  and unresolved differences.  

• Explore  appropriate automation  and AI-enabled solutions to improve analysis, exception detection,  documentation  and close efficiency.  

• Perform root-cause analysis of recurring FX accounting issues and ensure sustainable corrective actions are implemented.  

Leadership and Stakeholder Management  

• Act as the principal  Accounting  contact for FX, derivative and hedge-related matters.  

• Partner closely with Treasury, Controllership, Tax, FP&A, Finance Systems, Legal,  Risk  and entity accounting teams.  

• Coordinate FX accounting activities across multiple entities and time zones, with clear ownership,  deadlines  and escalation paths.  

• Review the work of team members and provide technical guidance,  coaching  and quality oversight.  

• Translate complex FX and accounting topics into clear, practical explanations for both Finance and non-Finance stakeholders.  

• Promote strong accountability,  documentation  and continuous improvement across the FX accounting operating model.  

What You'll Need to Succeed  

• Bachelor's or  Master's degree in Accounting , Finance or  a related  field.  

• At least 6 -12  years of relevant experience in financial accounting, FX accounting, Treasury accounting, financial  controllership  or a similar role.  We will  determine   level  based on years of experience.  

• Strong understanding of foreign-currency accounting, including transaction-currency accounting, functional-currency considerations, revaluation and realized and unrealized FX gains and losses.  

• Practical experience with FX derivatives such as forwards, options or swaps and their accounting implications.  

• Knowledge of hedge accounting principles,  documentation  and effectiveness assessment.  

• Strong experience with month-end close, journal-entry review,  balance-sheet   reconciliations  and financial reporting.  

• Ability to analyze material FX movements and connect accounting outcomes to underlying exposures, market  movements  and hedging activity.  

• Good understanding of internal controls, audit  requirements  and financial-reporting governance in a multinational environment.  

• Experience working with ERP, Treasury or consolidation systems and complex financial datasets.  

• Strong analytical and problem-solving skills, with the ability to  identify  root causes and drive issues  through to  resolution.  

• Strong communication  and  stakeholder-management  skills across Treasury, Accounting, Tax, Systems, FP& A  and senior Finance leadership.  

• Ability to work effectively in a fast-paced, deadline- driven  and internationally distributed environment.  

• Excellent written and spoken English.  

It's  Great If You Have  

• Professional accounting  qualification  such as CPA, ACCA, CA,  CMA  or equivalent.  

• Experience applying US GAAP guidance relating to foreign currency,  derivatives  and hedge accounting.  

• Familiarity with ASC 830, ASC 815 or equivalent IFRS requirements.  

• Experience with Oracle ERP, Treasury Management  Systems  or enterprise consolidation platforms.  

• Experience with derivative valuation models,  market-data   sources  and Treasury-to-ERP interfaces.  

• Exposure to SOX-controlled environments and automated financial controls.  

• Experience managing FX accounting across multiple entities, functional  currencies  and  jurisdictions .  

• Experience in  a multinational  technology, e-commerce,  travel  or other high-volume global business.  

• Experience  with  system implementations, reconciliation  automation  or FX reporting transformation.  

 

 

Please review our Hiring Process Guidelines before your interview — click here to learn how interviewing at Agoda works.

 

 

Discover more about working at Agoda

• Agoda Careers  https://careersatagoda.com

• Facebook  https://www.facebook.com/agodacareers/

• LinkedIn  https://www.linkedin.com/company/agoda

• YouTube  https://www.youtube.com/agodalife

 

Equal Opportunity Employer 

At Agoda, we pride ourselves on being a company represented by people of all different backgrounds and orientations. We prioritize attracting diverse talent and cultivating an inclusive environment that encourages collaboration and innovation. Employment at Agoda is based solely on a person’s merit and qualifications. We are committed to providing equal employment opportunity regardless of sex, age, race, color, national origin, religion, marital status, pregnancy, sexual orientation, gender identity, disability, citizenship, veteran or military status, and other legally protected characteristics.

We will keep your application on file so that we can consider you for future vacancies and you can always ask to have your details removed from the file. For more details please read our privacy policy .

Disclaimer

We do not accept any terms or conditions, nor do we recognize any agency’s representation of a candidate, from unsolicited third-party or agency submissions. If we receive unsolicited or speculative CVs, we reserve the right to contact and hire the candidate directly without any obligation to pay a recruitment fee.