Manager of Derivative Valuation and Accounting

At AES, we raise the quality of life around the world by changing the way energy works. Everyone makes an impact every day in our small, global teams. Apply here to start an extraordinary career today.
Job Summary:
The Manager of Derivative Valuation and Accounting is responsible for timely and accurately preparing all of the derivative valuations, accounting and disclosures. This position delivers financial statement inputs under US GAAP globally and under IFRS for standalone financial reporting by many subsidiaries and investees.
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:
Bachelors in Accounting (or equivalent) required, with CPA (or equivalent) and/or CFA preferred
Experience with a variety of derivatives and hedge accounting under US GAAP and IFRS preferred
5+ years of progressive, professional accounting experience in a collaborative environment required
Advanced Excel skills (e.g., to accurately accumulate and analyze data from various sources) required
Experience being task-, detail-, process and control-oriented (while adapting well to change) required
Experience with reviewing own work and work of others (plus identifying and solving problems) required
Experience owning and being the focus of a process (in a decentralized, global environment) preferred
Commitment to serving internal customers (including by persuading and influencing suppliers) required
Strong analytical, interpersonal, communication, organizational and project management skills required
Desire to lead, learn, develop and advance in a dynamic and an entrepreneurial environment preferred
The AES Corporation is a Fortune 200 global power company. We provide affordable, sustainable energy to 17 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 21,000 people is committed to operational excellence and meeting the world's changing power needs. AES is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, genetic information, disability or protected veteran status. 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.

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