Product Controller Job Description
Product controller
provides financial analysis tools to evaluate company ventures or special projects, programs, capital expenditures, products costing, etc.
Product Controller Duties & Responsibilities
To write an effective product controller job description, begin by listing detailed duties, responsibilities and expectations. We have included product controller job description templates that you can modify and use.
Sample responsibilities for this position include:
Work with Financial Control with the maintenance of the local and global general ledger
Escalate issues and assist team members in problem resolution
Understand the Equity Swaps booking model
Produce and review daily Profit and Loss (P&L) and P&L explanations for the Credit Corporates business
Understand the Businesses supported, the strategies, products and inherent risks
Understand the Risk & Reporting Systems, identifying opportunities to enhance the Control Environment, Standardisation, Scalability and add value
Develop and implement revenue reporting standards across IED
Facilitation of general ledger close process monthly
Completion of M/E tasks to meet prescribed timelines
Close liaison with FO and Ops when new trades are put on or rolls / tear ups take place, so as to ensure proper day 1 deferrals and subsequent amortisations, cost accruals and realisations take place
Product Controller Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Product Controller
List any licenses or certifications required by the position: CFA, CPA, CIMA, ACCA, ACA, MBA, PRM, FRM
Education for Product Controller
Typically a job would require a certain level of education.
Employers hiring for the product controller job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Economics, Finance/Accounting, Business, MBA, Business/Administration, Accountancy, Engineering, English
Skills for Product Controller
Desired skills for product controller include:
Financial products
Valuation of Financial products
Excel
CDGL
Fixed income cash & derivatives Financial Products
Paragon
Preferably within the Banking industry
Financial products is preferable
MS Office tools
Preferably equities
Desired experience for product controller includes:
Develop a deep understanding of the businesses and understand the strategies and P&L drivers
Excellent understanding of fixed income markets and products and commercial awareness – FX and Interest rate derivatives product knowledge is essential, sound knowledge of emerging markets
Ability to build strong rapport with partner groups and clients
Day to day management of analytics and review process for the trading desk
Identification of key risks and inefficiencies, and continuous work towards mitigating those by introducing improvements in the control environment, proposing process or technological enhancements
University Degree or Equivalent in Accounting/Finance/Engineering
Product Controller Examples
1
Product Controller Job Description
Job Description Example
Our company is growing rapidly and is looking for a product controller. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for product controller
- Act as a primary contact on G/L and management reporting hierarchies, GL cost centre change and cost centre ownership processes
- Analytical review and follow up with Product Controllers and Group Finance - derivatives, financial investments, trading assets and liabilities
- Be responsible for the production of accurate and timely weekly, monthly and annual reporting for the assigned products
- Fully analyze P&L movements and clearly document explanations on how market movements and trading strategies have interacted to create the changes observed
- Execute the Product Control function in compliance with the robust control processes defined by the Group
- Work closely with the Businesses to improve the Product Control function for the company, including developing frameworks and procedures
- Work with Front Office, trading desks and IS to ensure all reporting requirements are correctly captured and prioritized for all system development projects
- Daily Profit and Loss reporting, Flash to Actual analysis, Front-to-Back reconciliations, P&L Commentary, verification of manual adjustments, and Balance Sheet Attestation
- Inputting into the development of various tactical and strategic process improvements projects, testing and implementation of the end state
- Creating a daily summary of funding charges, including day-over-day variance analysis
Qualifications for product controller
- Sound technical skills or demonstration of ability and commitment to upgrade
- Perform daily P&L production and analytical processes
- Develop a broad understanding of the businesses and understand the P&L drivers
- DAILY PRODUCTION-Member of a team responsible for daily P+L production, which includes Front Office/Back Office (FOBO) reconciliations, P+L Validation and Analysis (including Clean P+L)
- MONTHLY & QUARTERLY PRODUCTION-Member of a team responsible for performing month end and quarter end production tasks, which includes Account Ownership, Book Management, Legal Entity and Regulatory Reporting and Accounting Policy Implementation
- Providing daily/weekly/monthly/quarterly Profit & Loss and market commentary
2
Product Controller Job Description
Job Description Example
Our company is hiring for a product controller. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for product controller
- Perform daily, weekly, and monthly profit and loss analyses
- Perform balance sheet substantiation exercises
- Performing daily Profit & Loss analysis and reconciliations
- Working closely with the individual traders on a day-to-day basis to understand the products and the systems that support the various inventories
- Understanding the systems/procedural flows and making recommendations for process change and improvement as necessary
- Supporting the Manager of the team in any special products or analytical surveys that may need to be undertaken
- Ascertaining that all required balance sheet reconciliation are performed daily
- Interfacing with Financial Controllers and Performance Management Analysts as necessary
- Performing books to reported reconciliations
- Providing Daily, MTD, YTD Commentary along with Profit & Loss Decomp
Qualifications for product controller
- Performing Balance Sheet variance analysis and balance sheet attestations
- Ccontrols driven mindset & eye for details
- Excellent senior stakeholder management skills gained in a Financial Services Operations environment and will have previous experience of working in a partnership with the both the Front Office and shared service partners
- Institutional knowledge of investment banking
- Understanding of vanilla equity derivative products
- Controls focussed
3
Product Controller Job Description
Job Description Example
Our innovative and growing company is looking for a product controller. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for product controller
- Monitor trade population from Approximate booking and trade approval (policies perspective and escalate any breaches to senior management
- Represent product control in various regulatory, IT and business projects
- Manage and supervise the analysts within the team and provide ongoing support with respect to BAU processes Implement new policies and procedures applicable to the team
- Assemble, organize and produce the Profit and Loss statements to be reviewed by Front Office and the Product Control Manager
- Extract data from the various front, middle and back office systems and produce reconciliations between the systems
- Ensure that variances to Desk Estimates are adequately explained, analyze daily Profit and Loss, reconcile reported Profit and Loss to General Ledger, and substantiate the balances for the inventory and related accounts on the Balance Sheet
- Provide Financial Control with the local general ledger balance sheet at month end and provide support when requested
- Learn and perform the back up duties for the various Profit and Losses
- Maintain and update daily and monthly Profit and Loss procedures
- Work with Financial Control to ensure the completeness, accuracy and integrity of the local and global general ledgers
Qualifications for product controller
- Able to work well with multiple departments
- Ability to work with a spectrum of people from junior finance staff to front office business heads
- Escalate issues and where feasible resolve on a timely basis
- S.O
- Produce and review daily P&L and explanations for the supported business
- Managing a team of several professionals interacting with members across multiple locations on a daily basis
4
Product Controller Job Description
Job Description Example
Our growing company is hiring for a product controller. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for product controller
- Creating a new Profit Attribution Analysis (PAA) Profit & Loss Affirmation reporting process and communicate daily and monthly results to the trading desk and senior management
- Partnering with Valuation Control & Analytics (VC&A) Team in the review of inventory valuation testing and results, and policy matters
- Supporting New Products Approval Committee (NPAC) reviews and validation
- Engaging in areas outside of direct responsibilities to assist other team members and managers
- Equity Repo transactions
- Provide hands-on supervision and leadership of remote team performing daily P&L analysis and reporting
- Actively participate in month-end close to ensure legal entity and region results are consistent between management P&L and general ledger
- Ensure balance sheet accounts are properly substantiated
- Main area of focus will be supporting the Municipal trading business, covering the TOB business
- Serve as a member of the Product Control Team and develop working relationships with the traders and various individuals of middle and back office
Qualifications for product controller
- ACA / CPA / CFA / Masters in Finance
- Previous exposure to derivative products
- Accurate and timely daily P&L production and analysis for Currencies businesses resolving any queries and issues
- Daily review and substantiation of P&L attribution for the businesses
- Drive through improvements to processes based on standardisation and best practice
- Provide support for project work where required - both specific to the currencies space wider TC initiatives
5
Product Controller Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of product controller. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for product controller
- Complete timely escalation to Management observed threshold breaches and resolution tracking of any issues that may be driving breaks
- Revise daily attribution P&L looking for any discrepancies that are driving the residual P&L
- Consolidate rates desk P&L and reconcile it against Acco
- Producing the Daily and Monthly Profit & Loss
- Preparation of internal daily/weekly/monthly reports which include P&L analysis, market exposure and return on investments
- Performing monthly price verification of the entire portfolio
- Providing input into the development and enhancement of IT systems
- Preparation of reporting packages for management, front office, Marketing and Accounting / Tax Departments
- Investor and regulatory reporting
- Providing analysis and information in response to ad hoc requests
Qualifications for product controller
- Collaboration with an extended team offshoring covering another area of business
- 3 +yrs experience in financial services industry
- Ability to manage deadlines and tight schedules
- Previous exposure to FX products
- Create, validate and explain the daily profit & loss for all businesses
- Ensure the quality of the monthly closing process