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- Tasks: Lead a dynamic team managing P&L for gas, power, and renewables trading.
- Company: Join an exciting Energy and Commodity trading company in London.
- Benefits: Enjoy a collaborative culture with opportunities for professional growth and development.
- Why this job: Be part of a pivotal transition while enhancing P&L processes and tools.
- Qualifications: Bachelor’s degree in Finance, Economics, or related field; 5+ years in Middle Office roles.
- Other info: Ideal for those passionate about energy trading and looking to make an impact.
The predicted salary is between 72000 - 100000 £ per year.
Our client is an exciting Energy and Commodity trading company in the heart of London…
They are in the process of gearing up to split the Gas and Power Department into a separate subsidiary of the company. The Product Control Analyst will be responsible for reconciling, controlling, and reporting P&L associated with trading of gas, power, and renewables.
The Product Control Manager will be responsible for managing the Product control team. The function of the product control team is reconciling, controlling, and reporting P&L associated with trading of gas, power, and renewables.
During Spin-off, the Product Control Analyst will play a key role in transitioning the current P&L processes across to the new company. Post Spin-off, this role will focus on advancing these processes and working with Management and IT to develop visualisation tools to enhance the outputs of the P&L team, supporting the Gas & Power Department.
KEY RESPONSIBILITIES:
Day-to-day P&L oversight:
- Oversee Daily P+L reports against company Actual Risk, Annual Loss
- Oversee the production of Monthly P&L, including ETRM vs Accounting System P&L reconciliation
- Produce Daily forward curve, following agreed Middle Office Marking methodology agreed with Market Risk Function
- Ensure timely submission of P&L reports to internal & external stakeholders, including Headquarters
P&L Process Review and Documentation:
Project manage the creation of Operational Manuals to ensure up to date documentation of P&L processes & controls
New Business:
- Ensure all new business requirements are analysed, tested and validated by the Product Control function before sign off
- Communicating & collaborating with IT & Operations teams to address any gaps for seamless implementation
Cross-Functional P&L projects:
- Lead collaboration on projects to enhance the visualisation of P&L reports, including mapping existing workflows to new Power BI dashboards, whilst validating data accuracy and consistency
- Lead collaboration internal stakeholders to obtain feedback & align on project deliverables
Framework and Culture Development:
- Fostering culture of continuous improvement, encouraging team members to bring forward ideas, and driving ideas forward to help the team achieve its strategic objectives
Team Collaboration:
- Collaborate closely within a small, dynamic team environment where effective communication and shared problem solving is essential.
- Providing ongoing support to team members
- Ensuring the team is adequately cross-trained and resourced
IDEAL CANDIDATE PROFILE:
- Bachelor’s degree, preferably in a quantitative discipline such as Finance, Economics, Mathematics, or Engineering.
- Ideally 5+ years of experience in within a Middle Office function, preferably within the energy trading industry.
- 2+ years of Management experience
- Leadership and management experience – track record of managing people and processes in challenging, fast paced environments
- Ability to lead and develop less experienced staff, can demonstrate experience of Performance Management processes
- Strong communication skills, ability to liaise effectively across functions
- Experience in P&L reconciliation/reporting, preferably within energy or commodities trading environments.
- In-depth knowledge of gas, power, and renewable, including both physical and financial derivatives, such as futures, swaps, and options, and their respective trade life cycles.
- Ability to highlight root cause of discrepancies and how trade life cycle amendments impact the P&L.
- Proficiency in ETRM systems and familiarity with transaction workflows in a trading environment.
- Understanding of currency markets and their implications for multi-currency P&L
- Knowledge of key drivers that affect supply/demand in commodities markets and how these impact P&L.
- Strong interpersonal skills to interact with cross-functional teams including Trading, Support Functions & Senior Management
- Proactive in identifying, raising and discussing potential issues to ensure risks are managed promptly.
Commodities Product Control Manager employer: RICHARD JAMES RECRUITMENT SPECIALISTS LTD
Contact Detail:
RICHARD JAMES RECRUITMENT SPECIALISTS LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commodities Product Control Manager
✨Tip Number 1
Make sure to familiarize yourself with the specific P&L processes and controls used in the energy trading sector. Understanding these nuances will help you stand out during discussions with the hiring team.
✨Tip Number 2
Network with professionals in the energy trading industry, especially those who have experience in product control roles. This can provide you with valuable insights and potentially lead to referrals.
✨Tip Number 3
Highlight your leadership experience in fast-paced environments during interviews. Be prepared to discuss specific examples of how you've managed teams and processes effectively.
✨Tip Number 4
Stay updated on the latest trends and technologies in P&L reporting and visualization tools like Power BI. Demonstrating your knowledge in this area can set you apart from other candidates.
We think you need these skills to ace Commodities Product Control Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Commodities Product Control Manager. Familiarize yourself with P&L reconciliation, reporting processes, and the specific requirements of the energy trading industry.
Tailor Your CV: Customize your CV to highlight relevant experience in product control, management, and the energy sector. Emphasize your leadership skills and any specific projects that demonstrate your ability to manage P&L processes effectively.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the energy trading industry and your understanding of the role. Mention your experience with ETRM systems and your ability to lead teams in fast-paced environments.
Highlight Key Skills: In your application, emphasize key skills such as communication, collaboration, and problem-solving. Provide examples of how you've successfully worked with cross-functional teams and managed complex projects in the past.
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨Showcase Your Technical Expertise
Make sure to highlight your experience with P&L reconciliation and reporting, especially in the energy trading sector. Be prepared to discuss specific tools and methodologies you've used, such as ETRM systems, and how they relate to the role.
✨Demonstrate Leadership Skills
Since this position involves managing a team, be ready to share examples of your leadership experience. Discuss how you've developed less experienced staff and managed performance in fast-paced environments.
✨Communicate Effectively
Effective communication is key in this role. Practice articulating complex ideas clearly and concisely, especially when discussing cross-functional collaboration and project management experiences.
✨Understand Market Dynamics
Familiarize yourself with the current trends in gas, power, and renewables markets. Be prepared to discuss how supply and demand factors impact P&L, and demonstrate your knowledge of financial derivatives related to these commodities.
