Manager, Derivative Valuation & Accounting

AES US•Arlington, VA

11d•Onsite

About The Position

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.

Requirements

Bachelor’s degree in Accounting, Finance, or a closely related field
five (5) years of experience in any occupation involving accounting or a related field.
five (5) years of experience in SAP
five (5) years of experience in Visual Basic
four (4) years of experience in Quantum – Treasury and Accounting System
four (4) years of experience in Wdesk – Workiva
three (3) years of experience in US GAAP ASC 815 and 820.

Responsibilities

Actively update and ensure completeness and accuracy of derivative portfolio through global interaction.
Understand and manage interest rate, foreign and cross currency, and commodity derivatives.
Collaborate with and educate technical accountants and others globally to get inputs and share results.
Provide all inputs to, coordinate with and supervise the work of a reputable third-party service provider.
Maximize scope and timeliness of provider for interest and currency derivatives and minimize its cost.
Accumulate details of foreign currency derivatives and populate Excel-based template for the provider.
Run reports from provider and execute additional calculations and embedded derivative models in Excel.
Review forecasts and hypotheticals for cash flow hedges and input any changes into third-party system.
Analyze and advise on proposed derivative transactions and prepare contemporaneous documentation.
Provide unrealized GAAP (and some IFRS) entries and assess realized accounting being done locally.
Prepare reconciliations, roll forwards and disclosures for AES Consolidated financial statements, plus certain public and other subsidiaries.
Perform analytical review and compose memoranda to explain value changes and support conclusions.
Value fixed-rate debt, including calculating financial statement ratios to estimate subsidiary credit ratings.
Apply controls (and recommend any enhancements) to avoid significant control deficiencies and errors.
Establish and update desktop procedures to maximize the consistency and sustainability of processes.
Perform ad-hoc tasks as they arise, such as new GAAP/IFRS, technical accounting, policies and controls.