Lead, Product Control
Posted on: 29 May 2023
Miami, FL
Job Description
The Lead, Product Control will be managing the production of EOD P&L reports (Explanation of key P&L movements in terms of trading activity, key market drivers and attribution analysis). Markets covered will include Marine, Aviation and Land segments.
KEY RESPONSIBILITIES:
Production of EOD PnL reports, with reconciliation to Traders’ calculations; ensuring accuracy to risk systems. Explanation of P&L movements to management in terms of trading activity, key drivers, profit attribution analysis
Demonstrates a working knowledge of the concept of mark-to-market and can articulate market/price volatility in terms of its effect on P&L, cash flow and working capital
Ensuring non-derivative transactions are treated with the right accounting treatment (Structured deals / Storage / Supply contracts etc.)
Playing a lead role on commercial v accounting reconciliations
Lead analyst on system improvements/enhancements in ETRM on automating any of the listed trade processes, including rolling out daily recs for any new accounts
Reconciling where necessary OTC and futures positions and cash against exchanges
Helping with the integrity checks on market data curves, to ensure EOD process is smooth
Act as first point of contact for all non-pricing queries for Front Office/ Back office/Ops/Legal/Credit
Daily Trade Captures exceptions reporting
Involved in monthly IPV process (price testing, sensitivity analysis to consensus curves)
Ad Hoc projects as initiated
REQUIREMENTS:
A background in Middle Office/Product Control/Risk Management within energy trading or investment banking
Ideally previous P&L analysis exposure for commodities based products
Bachelor’s degree in Business related discipline such as Finance, Management and Economics
Specialized knowledge in the structure and uses of financial Derivatives as they relate to the management of fuel price risk (futures/swaps/options)
Knowledge of Oracle and related programs desired, not essential
Computer Proficiency and software skills (Word, Excel, Outlook), strong Excel skills / VBA skills preferred
Strong communication skills (oral and written)
Absolute integrity.
#LI-KD1
World Fuel Services
Miami, FL
World Fuel Services Corporation engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries worldwide. Its Aviation segment supplies fuel, and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, the U.S. and foreign governments, and intergovernmental organizations.
This segment also offers fuel management, price risk management, ground handling, and dispatch services, as well as international trip planning services, such as flight plans, weather reports, and overflight permits. The company’s Land segment offers fuel, heating oil, propane, natural gas, lubricants, and related products and services to petroleum distributors and retail petroleum operators, as well as industrial, commercial, residential, and government customers.
This segment also offers management services for procuring fuel and price risk management; advisory and fulfillment solutions related to power, natural gas, and other energy products; and card payment solutions, government payment systems for fuel procurement, merchant processing services, toll payment solutions, and commercial payment programs. Its Marine segment markets fuel, lubricants, and related products and services to international container and tanker fleets, commercial cruise lines, yachts and time charter operators, offshore rig owners and operators, the U.S. and foreign governments, and other fuel suppliers.
Its marine fuel-related services include management services to procure fuel, cost control, quality control, claims management, and card payment and related processing services. This segment also engages in the fueling of vessels, and transportation and delivery of fuel and fuel-related products. The company was founded in 1984 and is headquartered in Miami, Florida.
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IndustryOil and Gas
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No. of Employees5,000
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Website
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Jobs Posted186
