Principal, Energy Accounting, Accounting

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.

Key job responsibilities

• Serve as the lead ASC 815 subject matter expert for the Energy Accounting team, owning the derivative assessment process for all new and modified energy agreements
• Evaluate complex power purchase and energy supply agreements for derivative features under the 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 the business stakeholders — proactively advising on contract terms that avoid derivative classification or qualify for the Normal Purchases and Normal Sales (NPNS) scope exception
• Lead end-to-end valuations for agreements concluded to be derivatives, applying appropriate methodologies commensurate with the size, complexity, and risk profile of each agreement
• Partner directly 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

Basic Qualifications

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

Preferred Qualifications

• MBA, or CPA
• Experience in a leadership position managing finance, accounting and operational processes