Manager, Financial Reporting

About the Company

The AES Corporation (NYSE: AES) is a Fortune 500 global power company and a leader in the clean energy transition, delivering affordable, sustainable energy through a diverse portfolio of utility distribution and clean energy generation businesses across multiple countries. With a team of 8,300 employees in 12 countries, AES has been ranked #1 by BloombergNEF in renewable energy sales to corporations in the US and Americas for five consecutive years. The company fosters a strong workplace culture, recognized in Great Place to Work™ rankings, and has been named one of the World’s Most Ethical Companies for 13 consecutive years. AES is also a seven-time winner of the Edison Electric Institute’s Edison Awards for global leadership in advancing the electric power industry.

Position Scope

The Manager, Financial Reporting will ensure financial statements and disclosures comply with US GAAP and SEC regulations. This role involves assisting with external audits for AES Consolidated financial statements and standalone audits for select US companies, building relationships with operations personnel, and serving as a point of contact for accounting issues. Additionally, the role includes technical accounting reviews of contracts and transactions, such as power purchase agreements (PPAs), asset acquisitions, and regulatory compliance matters, while partnering with legal, regulatory, and operations teams.

Responsibilities

• Provide information required for month/quarter/year-end close processes, including trial balances, Quarterly/Annual Reporting Packages, Cash Flows, MD&As, and other deliverables for the US Utilities.
• Prepare timely and accurate SEC filings for the US Utilities and standalone financial statements as required by legal agreements and regulations.
• Act as liaison with external auditors during quarter- and year-end review and audit processes for AES Consolidated financial statements and US Utilities’ financial statements.
• Develop, implement, and maintain procedures, metrics, and instructions for completing financial statements for external use and reports submitted to AES corporate team.
• Establish documentation and review standards, and train seniors to assist in quality control reviews.
• Build strong relationships with finance, regulatory, operations, and legal teams to serve as a point of contact for accounting and close-related issues.
• Stay current on relevant GAAP issues and document key issues impacting US businesses.
• Oversee and develop a team of financial reporting seniors.
• Assist in maintaining SOX compliance related to financial reporting controls and disclosures.
• Support evaluation of quarterly technical issues and coordinate disclosure information for 10-Q and 10-K preparation.
• Lead technical accounting reviews for significant contracts and transactions, including PPAs, asset acquisitions, service contracts, and regulatory compliance matters; prepare or review technical accounting memos under US GAAP.
• Evaluate accounting implications of new and amended utility contracts under ASC 606, ASC 840/842, ASC 980, and other applicable standards, and communicate findings to management and external auditors.
• Partner with legal, regulatory, and operations teams during the pre-execution phase of significant transactions to resolve accounting issues proactively.
• Monitor and assess the impact of regulatory proceedings, rate cases, and compliance developments on US Utilities' financial statements, including recognition and disclosure of regulatory assets and liabilities.

Qualifications

• Bachelor’s degree in Accounting, Finance, Business, or a related field from an accredited college or university.
• Certified Public Accountant (CPA) with an active license in the United States or equivalent.
• Minimum of five to seven years of progressive experience with a publicly-traded company under US GAAP and/or with a Big 4 firm auditing publicly-traded companies, preferably with a concentration in technical accounting.
• Excellent written and oral communication skills, including presentation skills for executive-level audiences.
• Strong interpersonal, time management, and project management skills.
• Proficiency in personal computer skills, research, and analytical abilities.
• In-depth knowledge of U.S. GAAP and ability to understand and comply with SEC reporting requirements.
• Self-motivated with the ability to work in a team with limited supervision.
• Energy/utility company industry accounting and/or audit experience preferred.