Are you ready to be part of a company that's not just talking about the future, but actively shaping it? Join The AES Corporation (NYSE: AES), a Fortune 500 company that's leading the charge in the global energy revolution. With operations spanning 14 countries, AES is committed to shaping a future through innovation and collaboration.
AES is proudly ranked #1 globally in renewable energy sales to corporations, and with $12.7B in revenues in 2023, we have the resources and expertise to make a significant impact as we provide electricity to 25 million customers worldwide. As the world moves towards a net-zero future, AES is committed to meeting the Paris Agreement's goals by 2050.
Technical Accounting (TA) reviews and confirms conclusions on the US GAAP accounting by AES for all its contracts and non-standard transactions that could have a potentially material impact on the consolidated financial statements of AES. These conclusions result from critically analyzing, questioning, and discussing memoranda submitted by the Strategic Business Unit (SBU) Technical Accounting Managers (TAMs) and SBU Controllers and thoroughly reviewing any associated contracts in English.
Responsibilities:
- Perform or guide technical accounting research, documentation, training, consistency, and oversight functions.
- Perform timely, thorough, and accurate reviews and improvements on technical accounting memoranda.
- Research, interpret, and provide technical accounting guidance after carefully analyzing executed and/or proposed transactions.
- Timely identify and effectively communicate/resolve issues to avoid financial statement errors.
- Cross-functional communication and collaboration as the transactions being reviewed are of impactful and material nature.
- Consult in the design of transactions to achieve the desired earnings impact within GAAP guidance.
- Manage discussions with engagement level partners and national office/professional practice directors with external auditors and/or consultants.
- Train other technical accountants through a deeper understanding of US GAAP and previous experiences.
- Interpret the accounting policies, propose and review changes to accounting policies.
- Project manage the global implementation of new or changes in US GAAP.
- Comply with policies/controls for technical accounting analyses and recommend enhancements.
- Provide guidance and support to others as needed and perform ad hoc tasks and projects as assigned.
The Director regularly makes judgments and interpretations in the following highly technical areas of US GAAP:
- Identifies when agreements to physically deliver electricity, fuel, or other commodities are standalone derivatives, contain embedded derivatives requiring bifurcation, and/or contain lease elements.
- Assesses when contracts represent variable interests that allow one party to direct significant activities the other party that results in a variable interest entity.
- Impairment of assets (including recoverability and/or fair value testing with little/no observable inputs).
- Accounting for business combinations and asset acquisitions.
- Accounting for sales of all or some interests in businesses.
- Complex debt and equity transactions.
- Revenue recognition; regulatory accounting and issues; functional currency determination/translation.
- Understand and interpret the impacts of new and major guidance expected to be issued.
Qualifications:
- BS/BA in Accounting, Finance, or related field from an accredited university.
- Advanced degree in Accounting, Finance, or related field preferred.
- Certified Public Accountant with an active license in the United States or equivalent.
- A minimum of 10 years of progressive experience with a publicly-traded company under US GAAP and/or with a Big 4 firm.
- Extensive experience in the highly technical accounting areas.
- Energy/utility company industry accounting and/or audit experience preferred.
- International company accounting and/or audit experience preferred.
- Experience with accounting for acquisitions/divestitures and business valuations strongly preferred.
- Ability to apply complex technical accounting concepts.
- Excellent written and oral communication skills and presentation skills.
- Ability to effectively collaborate with cross-functional teams as well as across management levels globally.
- Ability to work in a fast-paced, global environment.
AES is an Equal Opportunity Employer who is committed to building strength and delivering long-term sustainability through diversity and inclusion.
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