Product Control Analyst

  • Location

    London, England

  • Sector:

    Finance & Risk

  • Salary:

    £55000.00 - £60000.00 per annum

  • Contact:

    Sarah Stott

  • Contact email:

    sarah@elevenrecruitment.com

  • Job ref:

    J6190_1550164262

  • Published:

    10 months ago

  • Expiry date:

    2019-03-16

  • Start date:

    ASAP

  • Consultant:

    #

OVERVIEW
Product Control Analyst

JOB RESPONSIBILITIES
Responsibility for the preparation and production of the daily P&L reporting process and timely provision of monthly key performance indicators to enable the business team to understand and manage commercial & trading performance, including daily volumetric exposure, stock control, P&L reporting, analysis, limit monitoring and monthly MI (Management Information) to MA (Management Accounts) reconciliations;
Close liaison with sales desks and traders in contract locations to ensure data is accurate and timely; and, with the physical operations teams for reviewing all stock movements, either in tank, barges, waterborne, in pipe, etc (delivered or to be delivered);
Help to implement process and system improvements to streamline activities performed by core team and enable increased focus on results analysis;
Reviewing and checking daily physical and paper transactions have been posted correctly, are within Trading Delegations of Authority, and also to ensure the hedging is carried out correctly each day;
Proactively providing to the business beneficial commercial analysis. Specifically monthly commercial performance measures, fixed cost reporting and analysis, analysis of pricing and basis risk around physical operations;
Stock control; To analyse the operative performance of our barges (loadings, deliveries, transfers, loss control) and terminals and look for cost reduction opportunities;
Ensuring integrity of data through the implementation and use of suitable controls;
Maintenance of suitable infrastructure in support of business growth;
Assisting with the month end close process;
Help coordinate and review the proper flow of necessary documentation, e.g. for validation purposes etc;
Add hoc (financial) analysis and reporting, as requested;
General administrative duties. Maintaining suitable and robust audit trails.

REQUIREMENTS
Education - Degree, or equivalent, in Finance/Engineering/Mathematics or similar high numeracy discipline
Qualifications - Accounting qualification (ACA, CIMA) preferred; GARP ERP preferred

Professional Background - Energy Trading Product Control and/or Market Risk (or Trading)

Working Experience - Minimum 3 years relevant experience within oil trading; additionally the candidate will have held other relevant positions within an energy trading environment.

OTHER REQUIREMENTS
Strong understanding of risks and P&L attribution;
Excellent communication skills;
Track record of improving existing procedures;
Experience in physical oil operations;
Experience of managing or supporting business growth;
Working under pressure and to tight deadlines;
Fast learner, active thinker who can gain an in-depth knowledge of the business and detailed familiarization of the daily reports. To identify easily when something doesn't look or feel right;
Able to take and maintain an independent approach and challenge where appropriate;
Good Excel capabilities.