Principal, Energy Accounting, Accounting

Amazon • Nashville, TN

3d • Onsite

About The Position

Amazon Web Services (AWS) is seeking a seasoned ASC 815 subject matter expert with deep expertise in derivative identification, valuation, and accounting within the power and utility industry to join our Energy Accounting team. This role is the primary valuation and derivative accounting lead for the Energy Accounting team. The individual will evaluate complex power purchase and energy supply agreements for derivative features under ASC 815, identify embedded and freestanding derivative features within energy contracts, and propose non-derivative structuring alternatives to business stakeholders. They will also lead end-to-end valuations for agreements concluded to be derivatives, partner directly with business stakeholders and customers during contract negotiation to provide real-time ASC 815 guidance, and assess Normal Purchases and Normal Sales (NPNS) scope exception eligibility.

Requirements

• 12+ years of tax, finance or a related analytical field experience
• 7+ years of finance technology, forecast & budgeting, or other finance-focused competency experience
• Experience with Tableau, Python, SQB, Quicksight, Cognos or or other BI packages

Nice To Haves

• MBA, or CPA
• Experience in a leadership position managing finance, accounting and operational processes

Responsibilities

• Serve as the lead ASC 815 subject matter expert for the Energy Accounting team, owning the derivative assessment process for all 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.
• Research and write position papers addressing complex technical accounting topics, including derivatives/financial instruments (ASC 815), fair value measurement (ASC 820), leasing (ASC 842), consolidation (ASC 810), and commitments (ASC 440).
• Support the period-end close process by ensuring the accurate and timely completion of all derivative-related accounting entries, reconciliations, and analytical reviews.
• Design and assess internal controls over derivative identification, valuation, and reporting processes.
• Drive projects, process improvements, and new system implementations.

Benefits

• 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
• parental leave
• sign-on payments
• restricted stock units (RSUs)

What This Job Offers

• Job Type: Full-time
• Career Level: Principal
• Education Level: No Education Listed