Senior Manager, Technical Accounting

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. Our dedication to innovation has earned us recognition as one of the Top Ten Best Workplaces for Innovators by Fast Company in 2022. And with our certification as a Great Place to Work, you can be confident that you're joining a company that values its people just as much as its groundbreaking ideas.

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. Our innovative solutions, such as 24/7 carbon-free energy for data centers, are setting the pace for rapid, global decarbonization.

If you're ready to be part of a company that's not just adapting to change, but driving it, AES is the place for you. We're not just building a cleaner, more sustainable future - we're powering it. Apply now and energize your career with a true leader in the global energy transformation.

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 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.  The conclusions require research & application of all relevant US GAAP and any interpretations, if available.  TA often supports the determinations during reviews by and deliberations with engagement level partners of the Big 4 auditors of AES.  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.

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 and thoughtfully questioning analyses performed by the Technical Accounting Managers he/she manages.
• Timely identify and effectively communicate/resolve issues to avoid financial statement errors.
• Cross-functional communication and collaboration as the transactions being reviewed by the Director generally are of an impactful and material nature that impacts many different areas of the company.
• Consult in 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 use of a deeper understanding of US GAAP and previous experiences.  Training responsibilities include drafting materials to develop and train accountants globally on relevant and emerging accounting issues.
• 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 (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.