Sr Financial Analyst - Commodities Finance AVP
Location: New York, New York
Job Type: Full-Time
Salary: $100,000.00 - $115,000.00
Experience: 2-5 years
Education: Bachelor's Degree
Relocation Assistance: No - Local candidates only
Work Eligibility: US Citizen
The US Commodities Team in New York supports the Commodities Business. The commodities business offers a variety of financial and physical products to a range of clients from corporates, and hedge funds to producers and consumers. The products range from vanilla derivatives to structured financing solutions.
This role is to represent Finance in supporting Global Crude Oil business in NY which include both Global Oil business flow and structured parts of the business. As an AVP you will be expected to lead and inspire team members, collaborate with the desk and other business partners, impose structure on complex issues and focus on delivering solutions in line with the long term strategic goals of the bank.
The responsibilities will include the following:
Daily P&L & Balance Sheet – Reporting & Oversight
Production and/or review of official daily P&L explain and its provision for VaR backtesting.
Approval of daily sub-ledger P&L generated by Middle Office for reporting into Greensheets.
Responsibility for daily management adjustments to P&L
Daily P&L reporting to local and regional management.
Oversight of trader estimate to official T+1 P&L variances as business unit level.
Preparation of daily P&L commentary and substantiation to market events.
Review of material new deals.
Review and approval of changes to valuation adjustments & reserves.
Review of changes to daily balance sheet & substantiation to transactional activity.
Core Financial Oversight Functions
Price verification (daily, weekly, monthly).
Validation of appropriate application and use of models for books & records.
Monthly & quarterly revenue commentary.
Maintaining/updating valuation adjustment & reserve policies.
Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting.
Determining and implementing appropriate accounting policies & procedures (with Accounting Policy).
Managing key accounting, legal entity, regulatory and P&L issues with the business.
Month end close, including Financial Disclosures and calculation and recording of netting entries
Exercise of control oversight on behalf of the business.
Participation in the New Product Review and Appropriation Request processes: modeling structures and process scenarios, review, and control.
Contributing to Governance process, operational error reporting and support of other internal control process, including SOX.
Provision of financial expertise in the design, build, testing, and implementation of new Technology Platforms and Systems.
Planning & Reporting
Act as key member and advisor to Line of Business Senior Management team, providing decision support analysis and advice on the optimisation of business activities with regards to accounting rules, regulatory issues and legal entity structures.
Development and analysis of key performance metrics
Participation in the formulation of business strategy; plans; budgets; and forecasts.
Provide regular updates, analytics and commentary on Line of Business performance.
Manage the expense approval process for both deal-related and organisational expenses; provide expense analytics and assist the business with recovering deal-related expenses.
Provide regular updates, analytics and commentary on the externally disclosed quarterly performance
Bachelor Degree in Accounting/Finance
3-5 years financial industry/banking experience
Strong financial analytics experience
Advanced experience/skills with Excel and complex spreadsheets
Candidate must be able to work both independently and as team member
Strong communication and presentation skills
Strong problem solving and analytical abilities (Excel/Essbase)
MBA, CPA, CFA, or other advanced certification
Experience with Bloomberg, or Hyperion/Essbase/SAP
Control focused, analytical, team oriented, comfortable with complex products
Qualified Accountant Preferred. Good working knowledge of accounting concepts required.
Excel: Able to build and use spreadsheets. Access knowledge desirable.
Commodities Experience preferred.
3-5 Years work experience, possibly a combination of public accounting or broker dealer experience
Executive Casting LLC