Amazon.com Services LLC
Energy Accounting
Principal,EnergyAccounting
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“Principal, Energy Accounting at Amazon.com Services LLC. Skills: ASC 815, Derivative accounting, Valuation. Evaluate complex power purchase and energy supply agreements. Identify embedded and freestanding derivative features within energy”
Industry & Context.
Root cause analysis
What They're Looking For.
Must Have
12+ years tax, finance or related analytical field experience, 7+ years finance technology, forecast & budgeting, or other finance-focused competency experience
Nice to Have
MBA or CPA, Experience in a leadership position managing finance, accounting and operational processes
What You'll Do.
Evaluate complex power purchase and energy supply agreements
Identify embedded and freestanding derivative features within energy
Articulate which provisions give rise to derivative accounting
Propose non-derivative structuring alternatives to business stakeholders
Advise on contract terms that avoid derivative classification
Qualify for Normal Purchases and Normal Sales scope
Lead end-to-end valuations for agreements concluded to be
Apply appropriate methodologies commensurate with size
Partner directly with business stakeholders and customers during
Provide real-time ASC 815 guidance
Ensure accounting implications are understood and addressed before
Assess NPNS scope exception eligibility
Document probability of physical delivery
Evaluate optionality and penalty provisions
Evaluate regulatory approval considerations under ASC 815-10-15-59(e)
Assess impact on derivative classification
Serve as lead ASC 815 subject matter expert
Own derivative assessment process for all new and
Identify embedded derivative features within host contracts
Determine bifurcation requirements
Evaluate contracts for NPNS scope exception
Document physical delivery probability
Perform optionality analysis
Assess penalty term assessment under ASC 440
Assess regulatory approval requirements
Assess implications for derivative classification
Partner with business and finance stakeholders during negotiation
Provide proactive ASC 815 guidance
Work directly with stakeholders and counterparties to understand
Propose structuring alternatives that achieve business objectives
Manage accounting complexity
Propose non-derivative alternatives
Advise on contract modifications
Advise on structuring options
Advise on term adjustments that avoid derivative classification
Research and write position papers addressing complex technical
Support period-end close process
Ensure accurate and timely completion of derivative-related accounting
Ensure accurate and timely completion of derivative-related reconciliations
Ensure accurate and timely completion of derivative-related analytical
Design internal controls over derivative identification
Design internal controls over derivative valuation
Design internal controls over derivative reporting processes
Assess internal controls over derivative identification
Assess internal controls over derivative valuation
Assess internal controls over derivative reporting processes
Drive process improvements
Drive new system implementations
How You'll Work.
Team & Collaboration
Partner with business stakeholders; Partner with finance stakeholders; Work with counterparties
Communication Scope
Articulate provisions; Advise stakeholders
Full Job 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 at scale. We 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 815-10-15-59(e) a
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