Saturday, December 17, 2011

Junior Product Control Equity

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Category:  Finance & Accounting 

Position: Junior Product Controller- Equities (1-4 years of experience)
Reports to: Senior Product Controller

The purpose of this position is to produce and maintain P/L activities for the assigned strategies for the Firm's Equities desks. The role works closely with various traders and is expected to manage the local general ledger. Responsible for P/L production, corporate actions, accounting concepts, and balance sheet maintenance—all result are reported to the Sr. Product Controller and front offices to manage the businesses and financial reports.
Job Requirements:

• 1-4 years of relevant industry experience (Cap Mkts product control environments)
• Must possess an understanding of P/L production, corporate actions, accounting concepts and balance sheet maintenance.
• Experienced professional in Capital Markets product control environments with excellent technical understanding of capital market products.
• Accounting knowledge, Balance Sheet and Profit & Loss Statement.
• Strong analytical and problem solving skills as well as strong Microsoft Excel and Access skills
• Bachelor Degree in Accounting/Finance.
Key Accountabilities:

• Assemble, organize and produce the P/L statements to be reviewed by Front Office and the Senior Product Controller. This requires the individual to extract data from the various front, middle and back office systems and produce recs between the systems. All discrepancies generated in the rec will be researched, documented and justified.
• This individual will also ensure that variances to Desk Estimates are adequately explained, that reported P&L is reconciled to GL and that Inventory and related accounts on the Balance Sheet are substantiated.
• Work with Financial Control with the maintenance of the local and global general ledger.
• Aassist the Senior Product Controller in fulfilling head office requests for information about general ledger entries, variances of monthly and quarter results, and audit requests.
• Escalate issues and assist the Senior Product Controller to resolve. Each analyst will also be responsible for learning and performing the back up duties for the various P/L. This individual should be able to produce and send out the daily P/L in the absence of the primary analyst.
• Maintain and update daily and monthly PNL procedures .
• Reconciliation, reporting and verification of accuracy of P/L decomposition reports.
• Understand the systems/procedural flows and make recommendations for process change and improvement as necessary.

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