Manager, Derivative Valuation & Accounting

About The AES Corporation

The AES Corporation (NYSE: AES) is a Fortune 500 company leading the global energy revolution with operations spanning 14 countries. AES is committed to shaping a future through innovation and collaboration, recognized as one of the Top Ten Best Workplaces for Innovators by Fast Company in 2022 and certified as a Great Place to Work. AES is ranked #1 globally in renewable energy sales to corporations and provides 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 through innovative solutions like 24/7 carbon-free energy for data centers.

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.

Qualifications

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

EEO Statement

AES is an Equal Opportunity Employer who is committed to building strength and delivering long-term sustainability through diversity and inclusion. Respecting all backgrounds, differences and perspectives enables us to improve the lives of our people, customers, suppliers, contractors, and the communities in which we live and work. All qualified applicants will receive consideration for employment without regard to sex, sexual orientation, gender, gender identity and/or expression, race, national origin, ethnicity, age, religion, marital status, physical or mental disability, pregnancy, childbirth, or related medical condition, military or veteran status, or any other characteristic protected under applicable law.

E-Verify Notice

AES will provide the Social Security Administration (SSA) and if necessary, the Department of Homeland Security (DHS) with information from each new employee's I-9 to confirm work authorization.