Energy Accounting Lead: Derivatives & PPA Strategy

Amazon Web Services (AWS); Boston (MA); On-site; USD 139,000 - 188,000; Full time

Job summary

Amazon.com Services LLC in Boston seeks an 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.

You'll evaluate complex energy agreements, identify embedded and freestanding derivatives, advise on structuring to avoid derivative classification or qualify for NPNS, and partner with stakeholders to provide timely ASC 815 guidance.

Qualifications

• 7+ years of finance technology, forecast & budgeting or other finance-focused experience.
• 12+ years of finance, accounting or related analytical field experience.
• Experience with Tableau, Python, SQB, Quicksight, Cognos or other BI packages.

Responsibilities

• Serve as a member of the Energy Accounting team, supporting the derivative assessment process for 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 counterparties to understand contract terms and propose structuring alternatives that achieve business objectives while managing accounting complexity.
• Draft technical GAAP accounting position papers addressing complex topics, including derivatives/financial instruments (ASC 815), fair value measurement (ASC 820), leasing (ASC 842), consolidation (ASC 810), and commitments (ASC 440).
• Research and document complex accounting concepts in clear, concise language that supports proposed conclusions.
• Continuously reevaluate existing accounting positions to ensure consistency with the evolving business and regulatory environment.
• Support the period-end close process by ensuring accurate and timely completion of all derivative-related accounting entries, reconciliations, and analytical reviews.

Skills

Finance experience

ASC 815 knowledge

Derivative accounting

BI tools familiarity

Education

MBA or CPA

Tools

Tableau

Python

SQB

Quicksight

Cognos

Job description

Amazon.com Services LLC in Boston seeks an 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.

You'll evaluate complex energy agreements, identify embedded and freestanding derivatives, advise on structuring to avoid derivative classification or qualify for NPNS, and partner with stakeholders to provide timely ASC 815 guidance.