Senior Manager, Energy Accounting, AWS Energy Accounting

Amazon Inc.; Seattle (WA); On-site; USD 150,000 - 210,000; Full time

Job summary

Amazon Web Services (AWS) seeks an ASC 815 subject matter expert to join the Energy Accounting team. You will evaluate derivative features in energy contracts, identify bifurcation requirements, and advise on structuring alternatives to meet business goals while simplifying accounting complexity.

You will draft GAAP position papers, support NPNS eligibility assessments, and partner with stakeholders during contract negotiations to ensure proper accounting implications before execution,

Qualifications

• Experience with ASC 815 derivative accounting and financial instruments.
• Knowledge of NPNS scope exception and energy contracts.

Responsibilities

• Support the evaluation of complex power purchase and energy supply agreements for derivative features under ASC 815.
• 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.
• 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).

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 an ASC 815 subject matter expert with strong expertise in derivative identification, valuation, and accounting within the power and utility industry to join our Energy Accounting team.

This role is a key member of the Energy Accounting team, supporting technical evaluations for derivative accounting. Operating in an environment where strategy may not be fully defined, the individual will use expertise and judgment to select the right stakeholders, determine goals, and drive resolution of complex accounting questions. The individual will:

• Support the evaluation of complex power purchase and energy supply agreements for derivative features under 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 business stakeholders — proactively advising on contract terms that avoid derivative classification or qualify for the Normal Purchases and Normal Sales (NPNS) scope exception
• Partner 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) and their impact on derivative classification

Key job 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
• Propose non-derivative alternatives — advise on contract modifications, structuring options, and term adjustments that avoid derivative classification or enable NPNS election
• 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), consulting with accounting policy as appropriate
• Research and document complex accounting concepts in clear, concise, and unambiguous language that critically 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
• Implement, maintain, and test internal controls over derivative identification, measurement, and reporting processes
• Collaborate with cross-functional stakeholders to produce transaction flows and implement simplification projects
• Identify, validate, and lead opportunities for standardization of processes across teams
• Drive productivity by simplifying processes, engaging emerging technology, and/or implementing innovative solutions