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Product Control Analyst

Macquarie Global Services
Houston, TX Full Time
POSTED ON 4/28/2023 CLOSED ON 8/26/2023

What are the responsibilities and job description for the Product Control Analyst position at Macquarie Global Services?

This is an exceptional opportunity to join our product control team supporting the Commodities and Global Markets Group.

The Product Control Group, within the Finance department, is responsible for understanding, substantiating and controlling the revenue recognition of the trading business with a specific focus on the balance sheet and income statement. The Product Control group does this through daily review of P&L attribution, reserves & adjustments, review of front to back reconciliations, new trade reviews in conjunction with new trade/desk level risk oversight, and ensures a firm understanding on the drivers of P&L in order to produce accurate daily and period to date reporting & analysis

We are seeking a Product Controller, Sr. Analyst, to support our global Commodities Markets & Finance businesses based in Houston, with a focus on Energy markets. The group provides clients with risk and capital solutions across physical and financial markets. Traded energy products include natural gas, power, crude oil, coal, refined products and carbon emissions. In addition, the division is active across all physical energy products: natural gas, power, LNG, oil, NGLs and coal. Energy Markets also provides storage and transportation services, and commodities based financing.

In this role you will be responsible for maintaining strong internal relationships with the Front Office, Market risk, Financial Control & our Global Financial Services group.

Further responsibilities include:

  • partnering with traders regarding risk, trading strategies and valuation impacts on P&L and balance sheet including participating in front office projects.
  • P&L explain - attribution, analysis and commentary on a daily and a period to date basis.
  • new business support & oversight, including new deal write-ups, structured trade reviews.
  • regular interaction and risk oversight of the off-shore team based in Jacksonville, FL, who produce the daily P&Ls, key reconciliations and who run the month end process. Key responsibility to link the daily P&L and financial controls to the risk/valuation oversight of traders.
  • maintaining strong internal relationships with the front office, risk, operations, financial control and other Financial Management Group teams.
  • reviewing reserves and the independent price testing process.
  • proactively seeking client feedback to further improve service level standards.
  • ongoing process and system improvements

To be successful in this role you will have:

  • 3 year's relevant Product Control, Market Risk, Price testing/Valuation industry experience
  • a strong background in financial markets and trading businesses required.
  • experience with commodities products and physical commodities required.
  • strong numerical and analytical skills with background in or interest in coding & data analytics.
  • strong client service skills, and control/risk awareness.
  • a strong sense of accountability and ownership of key deliverables.
  • continuous focus on qualitative improvements to team work, to ensure the highest quality work is delivered.
  • the ability to comfortably tackle new concepts and ideas associated with on-going change in the business.

About the Financial Management & Commodities Markets and Finance Groups

The Financial Management Group provides financial, tax and treasury services to all areas of Macquarie. The group is focused on providing strategic analysis and advice to Macquarie's businesses and senior management, managing Macquarie's funding, liquidity and capital position, ensuring Macquarie continues to meet regulatory and compliance obligations and managing Macquarie's corporate affairs.

The group is focused on three key outcomes:

  • Managing the Macquarie balance sheet and profit and loss optimally and strategically
  • Adding value to Macquarie's senior management and its businesses by providing advice and analysis that is strategic, timely, accurate and comprehensive
  • Ensuring Macquarie continues to meet the obligations within its regulatory and compliance framework.

The Commodities Markets and Finance is a global business with operations across North America, Australia, Europe and Asia. The Division provides tailored risk management solutions to an international client base through over-the-counter derivatives and physical commodities. Products traded include crude and oil products, distillates, fuel oils, natural gas, electricity and coal.

Macquarie Energy LLC is an energy trading and marketing company based in Houston servicing North America's largest natural gas and electricity producers, utilities, industrial users, and other large wholesale energy sector participants. Macquarie Energy specializes in providing natural gas and electricity supply, storage and transportation services, hedging solutions and structured transactions for customers.

Our commitment to Diversity and Inclusion

The diversity of our people is one of our greatest strengths, and an inclusive workplace enables us to embrace that diversity to deliver more innovative and sustainable solutions for our people, clients, shareholders and communities. At Macquarie, you'll be encouraged to be yourself and supported to perform at your best. If you're inspired to deliver on our purpose of 'empowering people to innovate and invest for a better future', we want you on our team. If you need adjustments made to the recruitment process, please reach out to your recruiter.


About Macquarie

A career at Macquarie means you'll have the opportunity to develop and utilise new skills, explore interesting fields and do challenging work that will impact the lives of people around the world-whether it's accelerating the green energy transition, helping sustain global food supplies, financing social housing projects or investing in essential infrastructure. At Macquarie, we're empowering people to innovate and invest for a better future.

Our size and international presence means your work can take you anywhere-across business groups, disciplines, sectors and borders. With 19,200 employees and offices in 34 markets around the world, we're a truly global organisation.

You'll be supported by a diverse team where the unique perspectives, ideas and experiences that all of our people bring are valued. You'll be empowered to address unmet needs in our communities whilst advising and investing alongside our clients and partners. Working with us, you'll have the opportunity to make a difference.

Macquarie is a global financial group providing clients with asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advisory, capital raising and principal investment.

Find out more at


Job no: FMG-972636
Work type: Permanent - Full time
Location: Houston
Category: Mid-level, Junior, Accounting & Finance
Group: Financial Management Group
Division: Finance
Recruiter: Amy Hillard
Opening Date:

All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, sex, sexual orientation, national origin, age, disability, or protected veteran status. Macquarie takes affirmative action in support of its policy to hire and advance in employment individuals who are minorities, women, protected veterans, and individuals with disabilities

 

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