The AES Corporation

Senior Manager, Technical Accounting

The AES Corporation • $120K — $150K *
Arlington, VA 22204Hybrid
Energy & Utilities
5 - 7 years of experience
Reposted 1 week ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting/Finance/Business or related field.
  • Minimum five years in an accounting manager role at a large multinational firm.
  • Proficiency in PC skills and strong research abilities.
  • In-depth knowledge of US GAAP and complex accounting guidance interpretation.
  • Demonstrated leadership and ability to manage competing priorities.

Responsibilities

  • Conduct independent research on complex accounting transactions including derivatives and revenue arrangements.
  • Review and ensure thorough documentation and research performed by team members.
  • Provide timely accounting analysis and recommendations for M&A transactions.
  • Oversee maintenance of the Contract Accounting Treatment system for tracking significant contracts.
  • Lead and mentor junior technical accounting staff.
  • Stay informed on updates to accounting pronouncements and evaluate their company impact.
  • Prepare footnote disclosures for public financial statements.

Benefits

  • Opportunities for professional development and growth.
  • Dynamic work environment with exposure to M&A processes.
  • Collaborative culture that values teamwork and mentorship.
  • Potential to lead and influence accounting practices within the company.
Full Job Description
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 to the consolidated financial statements of AES. These conclusions result from critically analyzing, questioning and discussing memoranda submitted by the local business TA leads and local Controllers and thoroughly reviewing any associated contracts in English. TA also promotes consistent accounting interpretations across AES by actively monitoring, understanding, applying and sharing examples from other SBUs proactively or as needed. Also, TA develops the US GAAP accounting policies of AES and is responsible for US GAAP training at AES.

The Sr. Manager Technical Accounting will be responsible for performing independent research of complex accounting transactions, and prepare as well as review technical accounting memos submitted by local businesses based on a wide variety of topics, and providing feedback in a timely manner. Will provide support to internal and external audits as required. Build strong relationships with cross-functional groups (e.g., Commercial, Treasury, Development, M&A, etc.) along with counterparts within the local businesses. This individual is expected to develop Company-specific and industry knowledge in order to be identified as point of contact for accounting issues and in support of the various deliverables as well as delegate work as appropriate. Lead due diligence and transaction reviews from an accounting standpoint in support of the M&A process.

PRIMARY RESPONSIBILITIES:
  • Research, document and review complex accounting transactions including those related to derivatives, revenue arrangements under ASC 606, leases under ASC 842 and consolidation accounting, among others.
  • Review documentation and research performed by others to ensure conclusions are fully researched, supported and consistent with precedent-setting global conclusions.
  • Assist the local TA teams by providing timely accounting analysis for proposed transactions as well as recommendations on deal structure as required to support the decision making by the M&A team and Senior Leadership.
  • Consult in design of transactions to achieve the desired earnings impact within GAAP guidance.
  • Provide supervision and leadership to more junior technical accounting staff.
  • Timely identify and effectively communicate/resolve issues to avoid financial statement errors.
  • Stay up to date on new accounting pronouncements and relevant GAAP issues and evaluate how they may impact the Company and ensure relevant information and accounting changes is provided to other departments when it impacts them.
  • Interpret the accounting policies, propose and review changes to accounting policies.
  • Prepare or participate in preparation of certain footnote disclosures for public financial statements.
  • Participate in the review of financial statements for external filings required by legal agreements and local laws and regulations on a consistent basis.
  • Manage discussions with engagement level partners and national office/professional practice directors with external auditors and/or consultants.
  • Develop and maintain adequate SOX compliance as it relates to technical accounting.
  • Assist in special accounting projects as assigned.


The Sr. Manager Technical Accounting regularly makes judgments and interpretations in the following highly technical areas of US GAAP:
  • Identify 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 that results in a variable interest entity (and, if so, affects who is the primary beneficiary). Alternatively, if voting interest model is used, evaluate any rights the non-controlling partner may have that would preclude consolidation.
  • Impairment of assets (including recoverability and/or fair value testing with little/no observable inputs).
  • Accounting for business combinations and asset acquisitions (of voting and variable interest entities).
  • Accounting for sales of all or some interests in businesses (many of which are in-substance real estate).
  • Complex debt and equity transactions (including project financing and identifying embedded derivatives).
  • Revenue recognition; regulatory accounting and issues; functional currency determination/translation.
  • Understand and interpret the impacts to AES (and Power & Utilities industry) of new and major guidance expected to be issued.


QUALIFICATIONS:
  • Must have a Bachelor's degree in Accounting/Finance/Business or a related field from an accredited college or university.
  • Certified Public Accountant with active license in the United States or equivalent.
  • Must have a minimum of seven (7) years of progressive experience with a publicly-traded company under US GAAP and/or with a Big 4 firm auditing (preferably with concentration in technical accounting) publicly-traded companies under US GAAP.
  • Extensive experience in highly technical accounting areas.
  • Energy/utility company industry accounting and/or audit experience preferred.
  • Excellent written and oral communication skills and presentation skills (especially for an executive-level audience), interpersonal skills and time/project management skills.
  • Must be proficient in personal computer skills and have strong research, interpersonal and project management skills.
  • Self-motivated and able to work in a team with limited supervision.
  • Strong analytical skills.
  • Must exhibit in-depth knowledge of US GAAP and be able to understand and interpret complex accounting guidance.


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
Energy & Utilities
Net Income
$46 million
Founded
1981
5 Year Trend
-3%
Revenue
$9.6 billion
NASDAQ
AES
* Ladders Estimates

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