Analyst, Corporate Technical Accounting
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:
Â· 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
Â· 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:
Â§ 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
Â§ 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.
Â· 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
Â· Work in an environment that is decentralized, international (different cultures and times), fast-paced, evolving, collaborative and team-oriented and balance competing priorities.
Candidates for this position must have the following:
- BS/BA in Accounting from an accredited college or university in the United States
Â· 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.