In support of AWS's continued growth to build out and energize data centers, we are seeking an ASC 815 subject matter expert with strong expertise in derivative identification, valuation, and accounting within the power and utility industry to join our Energy Accounting team.

This role is a key member of the Energy Accounting team, supporting technical evaluations for derivative accounting. Operating in an environment where strategy may not be fully defined, the individual will use expertise and judgment to select the right stakeholders, determine goals, and drive resolution of complex accounting questions. The individual will:

- Support the evaluation of complex power purchase and energy supply agreements for derivative features under ASC 815

- Identify embedded and freestanding derivative features within energy contracts and clearly articulate which provisions give rise to derivative accounting

- Propose non-derivative structuring alternatives to business stakeholders - proactively advising on contract terms that avoid derivative classification or qualify for the Normal Purchases and Normal Sales (NPNS) scope exception

- Partner with business stakeholders and customers during contract negotiation to provide real-time ASC 815 guidance, ensuring accounting implications are understood and addressed before execution

- Assess NPNS scope exception eligibility, including documentation of designation, probability of physical delivery, and evaluation of optionality and penalty provisions

- Evaluate regulatory approval considerations under ASC 815-10-15-59(e) and their impact on derivative classification

Key job responsibilities

- Serve as a member of the Energy Accounting team, supporting the derivative assessment process for new and modified energy agreements

- Identify embedded derivative features within host contracts and determine bifurcation requirements

- Evaluate contracts for the NPNS scope exception, including documentation of physical delivery probability, optionality analysis, and penalty term assessment under ASC 440

- Assess regulatory approval requirements and their implications for derivative classification

- Partner with business and finance stakeholders during the negotiation of power purchase and energy supply agreements, providing proactive ASC 815 guidance

- Work directly with stakeholders and counterparties to understand contract terms and propose structuring alternatives that achieve business objectives while managing accounting complexity

- Propose non-derivative alternatives - advise on contract modifications, structuring options, and term adjustments that avoid derivative classification or enable NPNS election

- Draft technical GAAP accounting position papers addressing complex topics, including derivatives/financial instruments (ASC 815), fair value measurement (ASC 820), leasing (ASC 842), consolidation (ASC 810), and commitments (ASC 440), consulting with accounting policy as appropriate

- Research and document complex accounting concepts in clear, concise, and unambiguous language that critically supports proposed conclusions

- Continuously reevaluate existing accounting positions to ensure consistency with the evolving business and regulatory environment

- Support the period-end close process by ensuring accurate and timely completion of all derivative-related accounting entries, reconciliations, and analytical reviews

- Implement, maintain, and test internal controls over derivative identification, measurement, and reporting processes

- Collaborate with cross-functional stakeholders to produce transaction flows and implement simplification projects

- Identify, validate, and lead opportunities for standardization of processes across teams

- Drive productivity by simplifying processes, engaging emerging technology, and/or implementing innovative solutions

BASIC QUALIFICATIONS

- 5+ years of finance or a related analytical field experience

- Bachelor's degree in accounting or related field

PREFERRED QUALIFICATIONS

- CPA

- Knowledge of internal control framework (specifically COSO) to assess control design and operational efficiency

- Knowledge of GAAP research tools and the FASB codification

- Experience in accounting management in Big Four with Fortune 500 clients

- Experience researching and documenting support for accounting conclusions

The base salary range for this position is listed below. Your Amazon package will include sign-on payments and restricted stock units (RSUs). Final compensation will be determined based on factors including experience, qualifications, and location. Amazon also offers comprehensive benefits including health insurance (medical, dental, vision, prescription, Basic Life & AD&D insurance and option for Supplemental life plans, EAP, Mental Health Support, Medical Advice Line, Flexible Spending Accounts, Adoption and Surrogacy Reimbursement coverage), 401(k) matching, paid time off, and parental leave. Learn more about our benefits at https://amazon.jobs/en/benefits.

USA, CA, Culver City - 95,400.00 - 163,200.00 USD annually

USA, MA, Boston - 95,400.00 - 163,200.00 USD annually

USA, OR, Portland - 95,400.00 - 163,200.00 USD annually

USA, TN, Nashville - 85,900.00 - 146,900.00 USD annually

USA, TX, Austin - 95,400.00 - 163,200.00 USD annually

USA, VA, Arlington - 95,400.00 - 163,200.00 USD annually

USA, WA, Seattle - 95,400.00 - 163,200.00 USD annually