Foreign Currency Accounting Stabilisation Director

The mandate

The Interim Director will stabilise foreign-currency accounting where functional-currency conclusions, rate use, monetary remeasurement and translation movements lack a consistently controlled evidence chain. The engagement covers accounting methodology, high-risk correction, recurring controls and internal-owner handover. It excludes treasury hedging, economic exposure management and currency forecasting.

Within three weeks, the Director will confirm functional-currency documentation, map approved rate sources and cut-offs, inspect material remeasurement and translation journals, and reconcile reserve movements. Authority includes pausing unsupported currency entries, requiring refreshed evidence and assigning remediation. The Chief Accounting Officer decides reserved functional-currency and correction conclusions.

The work must separate local-book denomination, transaction currency, functional currency and presentation currency. It will identify where source balances are misclassified as monetary or non-monetary, where historical rates are lost, where rate conventions are inconsistent and where reserve movements cannot be explained by current activity and perimeter change.

The Director will also test whether intercompany monetary items, net-investment positions and disposal events enter the correct accounting route at the right date. Differences between local and group treatments must be explained as policy, fact or execution issues, never cleared through an unexplained currency plug.

By month four, high-risk defects should be corrected and a recurring movement bridge should operate. An internal owner will then lead two reporting reviews, including one deliberately seeded rate-source or classification exception. The Director will observe escalation quality and require corrective retraining where the response is procedural rather than analytical.

Exit depends on accepted functional-currency files, rate governance, journal controls, reserve reconciliation, open-item register and owner-readiness evidence. Systems replacement, treasury policy, tax, forecasting and permanent team design are outside scope. Extension is permitted only when control transfer—not unresolved workload—remains incomplete.

What you will own

• Validate functional-currency conclusions against current economic facts and define events that require reassessment.
• Establish approved rate sources, cut-offs, hierarchy, fallback treatment and evidence retention.
• Review monetary and non-monetary classification, historical-rate preservation and remeasurement journal logic.
• Build a translation-reserve bridge explaining opening amount, current movement, disposals, reclassifications and other effects.
• Correct risk-ranked errors through approved entries and assess comparative or disclosure implications.
• Prove controls over two reporting points, including investigation of a designed exception scenario.
• Train a nominated owner to challenge rate and classification issues and escalate reserved judgments.
• Record recommendations beyond accounting stabilisation without initiating treasury, tax or system activity.

Candidate qualifications

• Demonstrate interim leadership of IAS 21 or ASC 830 remediation across more than one currency relationship.
• Describe a functional-currency conclusion you reopened because economic facts had changed.
• Show how you traced an unexplained translation-reserve movement to its accounting cause.
• Evidence mastery of monetary classification, historical rates, remeasurement and disposal reclassification.
• Provide a control you designed for unavailable, revised or inconsistently applied rates.
• Explain how you separated treasury economics from the accounting consequences of currency exposure.
• Show successful transfer through an internally led review rather than documentation alone.

Working terms and boundaries

• The eight-month, five-day-a-week term covers diagnosis, correction, two proof cycles and handover.
• The day rate includes normal hybrid presence and reporting support; exceptional travel requires approval.
• Reserved functional-currency decisions remain with the Chief Accounting Officer despite interim process authority.
• Treasury strategy, hedging, forecasting, tax and systems implementation are excluded.
• Extension is capped at two months and requires failed or incomplete owner-transfer evidence.

Application

Applications for this mandate are received in one way only: through the India Board Terminal's application process. It is automated end to end. Your Executive Passport travels to the mandate holder in its confidential form, your answers to the three questions below are read before anything else in your file, and every stage that follows is recorded on your applications page.

There is no address to write to and no intermediary to call. The mandate holder reads what the Terminal delivers and nothing else, which is what keeps the process the same for every applicant and keeps your name out of it until you release it. Applications close on 10 October 2026. Mandate reference FNA-INT-2026-OSL-30.