Product Controller

Capula Investment Management LLP; London; On-site; GBP 30,000 - 60,000; Full time

Job summary

An established industry player is seeking a detail-oriented individual to join their finance team as a P&L Analyst. This entry-level role offers an exciting opportunity to engage with trading, treasury, and operations while ensuring accurate production of trading P&L and NAV reports. You will be instrumental in supporting systems improvements and collaborating across departments to enhance operational efficiency. The position promises a dynamic work environment where analytical skills and a passion for finance will thrive. If you're ready to contribute to a forward-thinking firm and grow your expertise in investment management, this role is perfect for you.

Benefits

Private medical insurance

Life assurance

Pension

Corporate gym membership

Employee restaurant with free meals

Qualifications

• 2+ years of experience in fund accounting or investment management preferred.
• Strong analytical and quantitative skills required for P&L reporting.

Responsibilities

• Review and prepare trading P&L reports for funds daily.
• Maintain strong relationships with Trading, Treasury, and Operations.
• Support improvements in systems and processes on the desk.

Skills

Quantitative and analytical skills

Critical thinking

Knowledge of US GAAP

Exposure to derivatives

Advanced Microsoft Excel skills

Coding skills (VBA, SQL, Python)

Interpersonal and communication skills

Education

Fully qualified ACA/ACCA/CIMA (or equivalent)

Tools

Geneva accounting software

Job description

Job Responsibilities

• Review, reconcile, and prepare trading P&L reports for one or more funds on a daily basis
• To have a full understanding of the P&L, and what is driving daily moves, including cash and risk-based attribution
• Fully understand the processes, calculations, rules, and data used in the P&L and NAV processes of the investment manager, its funds, and its Administrators
• Maintain a strong working relationship with Trading, Treasury, Risk, and Operations
• Support systems and processes improvement on the desk working in close partnership with Technology
• Support Finance, Compliance, Investor Relations, and Audit with tax, regulatory, and client reporting

Duties

• PnL and NAV Production
• Daily production and verification of Trading P&L using Internal, Administrator, and Risk-based systems
• Explanation of P&L to the front office, with investigation and reporting of variances to the P&L with valid explanations
• Calculation of funding, brokerage, interest charges, other accruals, etc.
• Daily production of the Fund NAV and share class level return information
• Monthly reconciliation of Trading books P/L with the Administrator
• Monthly NAV and PnL reconciliation of the Fund internal return estimate with the Administrator
• Dealing with requests and queries from internal and external clients (Trading, Operations, Auditors, Investors, Regulators, etc.)

Change Initiatives

• Propose ideas to improve the operating environment and infrastructure of Product Control
• Support the creation of business requirements document (BRDs) which explain requirements to Technology for development
• Test and implement new tools, systems, and process into business as usual
• Collaborate across Capula on change
• Support new business proposals (funds, products, counterparties, etc.)

Overall Responsibilities

• Maintain a robust risk and control framework around all deliverables
• Maintain current procedures documents across all BAU activities
• Communicate effectively across the organization
• Maintain professional relationships with all counterparties, most notably the Administrator
• Note that in addition to these duties employees are required to carry out such other duties as may be reasonably required

Education And Qualifications

• Fully qualified ACA/ACCA/CIMA (or equivalent)

Requirements

• 2+ years of experience in fund accounting / audit (financial services) / investment management is strongly preferred
• Some exposure to derivatives / trading portfolio is strongly preferred
• Experience with accounting software such as Geneva is preferred but not essential
• Experience with fund taxation is preferred but not essential

Skills

• Excellent quantitative and analytical skills accompanied by critical thinking and intellectual curiosity
• Knowledge of US GAAP or regulatory standards related to investment funds is preferred
• Exposure to derivatives (listed and OTC equity, fixed income, and credit products) is preferred
• Understanding of concepts like Yield Curve, Forward rates, discounting, etc.
• Demonstrable experience communicating with and managing stakeholder expectations
• Experience working with third-party Administrators (preferred)
• Advanced Microsoft Excel skills, including modelling complex calculations
• Coding skills are desirable (VBA, SQL, Python)
• Outstanding interpersonal and communication skills
• An interest in working in a highly dynamic environment

Benefits

• Competitive salary
• Private medical insurance
• Life assurance
• Pension
• Corporate gym membership (and a complimentary wellness space in our London office)
• Employee restaurant with free breakfast, lunch, and dinner

Seniority Level

Entry level

Employment Type

Full-time

Job Function

Finance and Sales

Industries

Non-profit Organizations and Primary and Secondary Education