Product Finance Controller

About the role Job summary:

To review, reconcile and analyse the net revenue streams of the Company's Asia regional entities and to ensure that the monthly net revenue of that stream is reconciled with the accounting system and signed off
To be the point of contact for the traders regarding net revenue analysis and reporting, preparing commentaries to explain significant net revenue movements and events
To develop efficient controls for new business and enhance existing controls where necessary
To liaise with the Consolidation and Accounts team to ensure accounting disclosures and standards are applied correctly
To support the ongoing development of the in-house IT system “Suite”, leading individual projects within the wider development plan.

Tasks & Responsibilities
Daily:

Liaise with front office (locally and overseas) to understand structure, associated risks and revenue generated and ensure this is reflected accordingly in the trading system
Update trade details as required, e.g. addendums, change of origin, cost estimates
Control and report the relevant fees, forward curves and market prompts onto the physical trades such that they are valued in accordance with the group’s policy
Monitor the position of the hedge book
Ensure adherence to control processes, e.g. contracts/addendums are completed and agree to the trading system
Resolve queries with Front Office, Operations and Finance
Ensure data integrity between the trading and accounting systems, investigating exceptions where necessary

Month end:

Provide timely and accurate revenue reporting including a commentary detailing the main revenue drivers for the month
Discuss the monthly trading performance with the regional trading directors and Head of Finance, and provide further analysis as required
Ensure that the mark to market is posted correctly at trade level for physicals, futures and foreign exchange
Agree market differentials with the traders for use in the forward book valuation. Check these differentials against third party market reports
Report the new physical trades in the month with the associated revenue
Perform month end reconciliation between the net priced physical trade position and futures hedge held by each trade book
Perform profitability analysis by location/trade/counterparty
Monitor inter-company balances
Review the balance sheet, paying particular attention to large or unusual balances

Other:

Identify control improvements and efficiency opportunities around the existing processes
Assist with the development/testing/implementation of new systems
Allocate rolled futures to correct contract number at futures expiry
Cover Product Control duties for other desks when required
Support the external audit process

To take responsibility for your performance and to work together to achieve our organizational goals.
To attend training courses which are identified as being necessary for the performance of the role.
To be fully conversant with the Employee Handbook and supporting policies, including Health & Safety legislation and fire and emergency procedures.
To comply with any reasonable instruction issued by your Manager.
Changes in the business may occasionally require alterations in this job description and these will be agreed with the post holder as appropriate.

Experiences & Skillsets

5 years accounting experience – in a business partnering or FP&A role in a similar size organisation
Fluent in English
Strong analytical and communication skills with interest in developing commercial acumen
Appreciation of the long-term nature of our business and ability to develop relationships and personal skills accordingly
A strong interest in the commodities industry

Ability to display initiative and flexibility in approach to work, be self-motivated and have a confident manner and ambitious outlook
To have strong written and verbal communication skills
To have strong IT skills and be proficient in Excel and Word and the ability to manipulate large data sets
Flexibility to prioritise tasks
Ability to perform effectively to strict deadlines
Excellent organisational and administrative skills – ability to keep meticulous records