The AES Corporation

Manager, Technical Accounting & Derivatives

The AES Corporation$100K — $130K *
Energy & Utilities
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Finance, or related business field
  • Minimum of eight years' experience in accounting/settlements or Energy Industry
  • Strong interpersonal skills and ability to work in teams
  • Understanding of commodity derivatives and cash flow hedging
  • Experience in identifying and implementing process improvements
  • Detail-oriented with strong technical skills
  • Proficient in Microsoft Excel and familiar with Adapt2, Allegro & SAP

Responsibilities

  • Ensure accurate and timely completion of settlements activities
  • Generate customer invoices and supporting documentation
  • Settle third-party and intercompany transactions per contractual terms
  • Liaise with counterparties to resolve discrepancies in funds
  • Participate in monthly close processes including P&L tie-outs
  • Provide exceptional internal and external customer service
  • Identify opportunities to standardize and automate processes for efficiency

Benefits

  • Collaborative work environment focused on innovation
  • Opportunities for professional growth and development
  • Involvement in high-impact projects within the renewable energy sector
  • Exposure to various teams and functions within the company
  • Support for ongoing training and skill enhancement
Full Job Description
The Settlements Manager, AES Clean Energy, LLC ("CE") works in the fast-paced, high-growth renewable segment of the Company. The primary purpose of the Settlement Manager role is to settle third party and intercompany commodity related trades in a timely an accurate manner. Additionally, the Settlement Manager ensure weekly and monthly statements from various RTOs and ISOs are accurate and accounting is appropriately recorded based on the statements. This role is accountable for managing a team as well as frequent interaction with the Commercial Team, Market Operations as well as other teams within Finance.

Key accountabilities

Accountable for the accurate and timely completion of Settlements activities within area of responsibility
  • Generate customer invoices and supporting documentation
  • Settle all 3rd party and intercompany transactions per contractual terms
  • Ensure funds are received and paid on time and accurately; liaise with counterparties should any discrepancies occur; provide thorough explanations for any outstanding balances
  • Participate in the monthly close process including P&L tieouts, journal entries, and trade exception reporting and clearing.
  • Provide exceptional internal and external customer service in order to build and strengthen relationships
  • Pro-actively seek opportunities to standardize, simplify and automate processes to improve performance and efficiency as well as address underlying root causes
  • Assist in ensuring assets are appropriately set up in the Company ETRM system
  • Provide support in response to internal/external audits and litigation
  • Complete and support special projects as assigned


Essential Education

Bachelor's degree in Accounting or Finance or other similar business degrees

Essential experience and job requirements
  • Minimum of eight years relevant accounting/settlement experience or experience in the Energy Industry.
  • Team working capabilities along with strong interpersonal skills
  • Ability to support change
  • Understanding of commodities derivatives as well has cash flow hedging concepts.
  • Proven experience in identifying continuous improvement opportunities
  • Able to identify and implement innovative solutions
  • Attention to detail
  • Technical skills
  • Adapt2, Allegro & SAP experience preferred
  • Microsoft Excel (Intermediate) skills
  • Good understanding of internal controls
  • Understanding of settlements processes
  • Results oriented with strong follow through and the ability to bring accountabilities to timely completion.


About The AES Corporation

The AES Corporation Careers

Join the dynamic team at The AES Corporation, a global leader in sustainable energy. We offer unparalleled job opportunities that empower you to leverage your skills and drive innovation in the energy sector. Work You’ll Do At The AES Corporation, you’ll collaborate with a diverse team of experts dedicated to delivering sustainable energy solutions worldwide. Our commitment to leadership in energy innovation means we are constantly seeking individuals who are eager to explore new technologies and push boundaries. Transform the energy industry and contribute to a sustainable future with The AES Corporation. Our culture fosters growth and embraces diversity, ensuring that every team member can thrive professionally and personally. Lead with Impact At The AES Corporation, you’re not just taking a position; you’re joining a movement. Positioned at the forefront of the energy sector, our professionals lead with expertise and a commitment to excellence. Work alongside a global team of professionals who are as passionate about sustainability as they are about creating an inclusive workplace. Our leadership is committed to providing extensive professional development and diversity training to help you grow your career. Introducing The AES Corporation Innovation Hub We are pioneering efforts in sustainable energy with The AES Corporation Innovation Hub. This initiative is designed to harness the collective skills and creativity of our team to drive industry-leading solutions. Do Innovative Work Join the largest group of sustainable energy professionals in the industry—dedicated to innovation, industry expertise, and digital transformation. Deliver targeted solutions through a depth and breadth of knowledge that is unmatched, driving not only the success of The AES Corporation but also the sustainability of our planet. Be Part of a Great Team Engage in meaningful work that challenges you to deliver your best. The AES Corporation offers a supportive environment where teamwork and collaboration are encouraged. Enjoy the benefits of a robust support system, including comprehensive health benefits, retirement plans, and flexible working conditions. Future-Proof Your Career Advance your career with The AES Corporation, where our investment in your professional growth is matched only by our commitment to sustainability. Explore a wide range of career paths and job opportunities, from internships to full-time positions, and benefit from our extensive network and industry connections. Stay Connected Join Our Team Search open positions that match your skills and interests. We are looking for passionate, curious, and innovative team players who are ready to make a difference. SEARCH AES JOBS Keep Up to Date Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. READ CAREERS BLOG Job Alert Emails Customize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at The AES Corporation.
Learn more about The AES Corporation
Size
8,450 employees
Market Cap
$19.2 billion
Industry
Net Income
$46 million
Founded
1981
5 Year Trend
-3%
Revenue
$9.6 billion
NASDAQ

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