Principal, Energy Accounting, Accounting

Description

Amazon Web Services (AWS) is one of the world's most innovative and leading cloud computing service providers, and our data center infrastructure is the backbone that powers it all. As AWS continues its global expansion, we are making significant investments in energy procurement to ensure our data centers operate reliably, sustainably, and  take pride in building the right controllership from day one - and that means hiring specialists who raise the bar.

In support of AWS's continued growth to build out and energize data centers, we are 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 the ASC 815

- Identify embedded and freestanding derivative features within energy contracts and clearly articulate which provisions give rise to derivative accounting

- Propose non-derivative structuring alternatives to the business stakeholders - proactively advising on contract terms that avoid derivative classification or qualify for the Normal Purchases and Normal Sales (NPNS) scope exception

- Lead end-to-end valuations for agreements concluded to be derivatives, applying appropriate methodologies commensurate with the size, complexity, and risk profile of each agreement

- Partner directly with business stakeholders and customers during contract negotiation to provide real-time ASC 815 guidance, ensuring accounting implications are understood and addressed before execution

- Assess NPNS scope exception eligibility, including documentation of designation, probability of physical delivery, and evaluation of optionality and penalty provisions

- Evaluate regulatory approval considerations under ASC (e) and their impact on derivative classification

Key job 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 counter parties 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

Basic Qualifications

- 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

Preferred Qualifications

- MBA, or CPA

- Experience in a leadership position managing finance, accounting and operational processes

Amazon is an equal opportunity employer and does not discriminate on the basis of protected veteran status, disability, or other legally protected status.

Los Angeles County applicants:
Job duties for this position include: work safely and cooperatively with other employees, supervisors, and staff; adhere to standards of excellence despite stressful conditions; communicate effectively and respectfully with employees, supervisors, and staff to ensure exceptional customer service; and follow all federal, state, and local laws and Company policies. Criminal history may have a direct, adverse, and negative relationship with some of the material job duties of this position.

These include the duties and responsibilities listed above, as well as the abilities to adhere to company policies, exercise sound judgment, effectively manage stress and work safely and respectfully with others, exhibit…