Analyst, Corporate Technical Accounting
Summary:
The Analyst will actively support the Corporate Technical Accounting (CTA) group at a Fortune 1000 company through a variety of functions that will provide the Analyst with unique expertise, experiences and opportunities to advance both themselves and their colleagues.
Responsibilities include but are not limited to:
· Primarily assist a Senior Analyst and a Manager within CTA with centralized accounting and valuation for derivatives with the following tasks (which is not an all-inclusive list):
o Perform centralized accounting under US GAAP (and IFRS as needed) for all material interest rate, foreign currency, cross currency, commodity and other standalone derivatives and derivatives embedded in unrelated agreements
o Coordination with subsidiaries and affiliates, Corporate Treasury and Global Risk Management and auditors on all existing and any proposed derivatives
o Determine the initial and ongoing eligibility of cash flow hedge accounting for derivatives hedging interest rate risk on project-finance and other debt and foreign currency risk based on forecasts provided by businesses and preparing contemporaneous documentation
o Accurate and timely preparation of journal entries to businesses in their functional currency and disclosures to External Reporting and to some AES businesses
o Provide oversight of the accounting recognized by businesses through preparation of consolidated reconciliations and roll forwards
o Comply with internal controls and best practice and testing compliance by others
o Perform centralized valuation under US GAAP (and IFRS as needed) for all standalone interest rate, foreign currency and cross currency derivatives and, solely for disclosure purposes, all fixed-rate debt
o Accurate entry into and maintenance of the above instruments in a widely-used, web-based valuation software solution, which includes the incorporation of credit spreads and the generation, review and reconciliation of reports related to valuation and hedge effectiveness
· Secondarily assist two Managers with CTA group with conclusions and interpretations of the US GAAP accounting for all contracts and non-standard transactions that could have a potentially material impact to consolidated financial statements.
o Do the following (and any other work necessary) to reach accurate conclusions:
§ Critically analyze, question and discuss memoranda submitted by Business Line Technical Accounting Directors and Business Line Controllers and thoroughly review any associated contracts in English
§ Research and apply relevant US GAAP and any interpretations available (often unavailable due to unique industry and/or international issues)
o Often support conclusions in reviews by and deliberations with engagement-level (and, due to complexity, regional- and national-level partners) of a Big 4 auditor
o Promote consistent accounting interpretations by actively monitor, understand, apply and share examples from Global Business Lines proactively or as needed.
· Opportunities to be afforded wherever possible to help provide advice and assistance to:
- Others under the Vice President & Assistant Controller for Financial Reporting (e.g., Global Financial Policies & Controls and External Reporting) and within the broader Corporate Controller and Finance organizations (e.g., Consolidations)
- Draft materials to develop and train accountants globally on relevant/new issues
· Work in an environment that is decentralized, international (different cultures and times), fast-paced, evolving, collaborative and team-oriented and balance competing priorities.
Qualifications:
Candidates for this position must have the following:
- BS/BA in Accounting from an accredited college or university in the United States
· Certified Public Accountant with an active license in good standing in the United States
- 3-5 years progressive experience with a publicly-traded company under US GAAP and/or Big 4 firm auditing (particularly the technical accounting of) publicly-traded companies
- Detail-oriented with desire and aptitude to learn/apply derivative and technical accounting
- Ability to leverage various experiences/opportunities to advance themselves/colleagues
- Excellent written/oral communication, interpersonal and time/project management skills.
Candidates for this position ideally would have some of the following:
- International accounting and/or audit experience.
- Experience with accounting for acquisitions/divestitures and business valuations.
