Senior Manager, Technical Accounting

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 on the consolidated financial statements of AES. These conclusions result from critically analyzing, questioning and discussing memoranda submitted by the local business TA leads and local Controllers and thoroughly reviewing any associated contracts in English.

TA also promotes consistent accounting interpretations across AES by actively monitoring, understanding, applying and sharing examples from other SBUs proactively or as needed. TA develops the US GAAP accounting policies of AES and is responsible for US GAAP training at AES.

The Sr. Manager Technical Accounting will be responsible for performing independent research of complex accounting transactions, and preparing as well as reviewing technical accounting memos submitted by local businesses based on a wide variety of topics, and providing feedback in a timely manner. The role will provide support to internal and external audits as required, build strong relationships with cross‑functional groups (e.g., Commercial, Treasury, Development, M&A, etc.)

along with counterparts within the local businesses, and serve as a point of contact for accounting issues in support of various deliverables. The individual is expected to develop company‑specific and industry knowledge, lead due diligence and transaction reviews from an accounting standpoint in support of the M&A process, and delegate work as appropriate.

• Research, document and review complex accounting transactions including those related to derivatives, revenue arrangements under ASC 606, leases under ASC 842, and consolidation accounting, among others.
• Review documentation and research performed by others to ensure conclusions are fully researched, supported and consistent with precedent‑setting global conclusions.
• Assist the local TA teams by providing timely accounting analysis for proposed transactions and recommendations on deal structure as required to support decision making by the M&A team and senior leadership.
• Consult in design of transactions to achieve the desired earnings impact within GAAP guidance.
• Provide supervision and leadership to more junior technical accounting staff.
• Timely identify and effectively communicate/resolve issues to avoid financial statement errors.
• Stay up to date on new accounting pronouncements and relevant GAAP issues and evaluate how they may impact the Company, ensuring relevant information and accounting changes are provided to other departments when they affect them.
• Interpret the accounting policies, propose and review changes to accounting policies.
• Prepare or participate in the preparation of certain footnote disclosures for public financial statements.
• Participate in the review of financial statements for external filings required by legal agreements and local laws and regulations on a consistent basis.
• Manage discussions with engagement level partners and national office or professional practice directors with external auditors and/or consultants.
• Develop and maintain adequate SOX compliance as it relates to technical accounting.
• Assist in special accounting projects as assigned.

• Identify when agreements to physically deliver electricity, fuel or other commodities are standalone derivatives, contain embedded derivatives requiring bifurcation, and/or contain lease elements.
• Assess when contracts represent variable interests that allow one party to direct significant activities that result in a variable interest entity (and, if so, affect who is the primary beneficiary). Alternatively, if a voting interest model is used, evaluate any rights the non‑controlling partner may have that would preclude consolidation.
• Impairment of assets (including recoverability and/or fair value testing with little/no observable inputs).
• Accounting for business combinations and asset acquisitions (of voting and variable interest entities).
• Accounting for sales of all or part of interests in businesses (many of which are in‑substance real estate).
• Com…