Senior Business Financial Control Product Associate

Veracity Software Inc; New York (NY); On-site; USD 200,000 - 312,000; Full time

Job summary

Veracity Software Inc is seeking a Senior Business Financial Control Product Associate to lead business analysis for a Line of Business in New York. The successful candidate will produce financial reports and disclosures while partnering with senior management and stakeholders, supporting strategic planning and financial accuracy. Ideal candidates will have a strong financial background with excellent analytical and communication skills.

Qualifications

• Minimum 2 years of banking or financial industry experience.
• Strong balance sheet and general ledger knowledge.
• Advanced Excel skills required.

Responsibilities

• Prepares and analyzes balance sheets and P&L reports.
• Oversees product financial responsibility and accuracy.
• Partners with front office and technology for solutions.

Skills

Analytical Thinking

Attention to Detail

Financial Accounting

Financial Management

Problem Solving

Business Analytics

Data Quality Management

Education

Bachelor's Degree in Finance or related field

Tools

Oracle/eLedger

Job description

Senior Business Financial Control Product Associate

Senior Business Financial Control Product Associate

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Full Time

This job is responsible for leading business analysis for a Line of Business (LOB) by producing all financial reporting and disclosures in partnership with senior management, front office, and other business stakeholders. Key responsibilities include applying a knowledge and understanding of product(s), processes, and inherent risks of a product, business or function to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, establish infrastructure for new products, and approve ledger journal entries.

Onsite

New York, NY

Full Time

This job is responsible for leading business analysis for a Line of Business (LOB) by producing all financial reporting and disclosures in partnership with senior management, front office, and other business stakeholders. Key responsibilities include applying a knowledge and understanding of product(s), processes, and inherent risks of a product, business or function to analyze and substantiate Profit and Loss (P&L) attributes and balance sheets, establish infrastructure for new products, and approve ledger journal entries.

Responsibilities:

• Prepares and analyzes balance sheets and Profit and Loss (P&L) reports and validates postings and balances for a product aligned to a Line of Business (LOB) using knowledge of financial products, market risk profiles, and risk mitigation techniques and strategies
• Supports the development of strategic and annual planning and implementation, performing profitability analysis, forecasting, and financial reporting for a product or general ledger account type
• Oversees a set of product(s) or general ledger account(s) and maintains financial responsibility, including accountability for accuracy of financial reporting for Profit and Loss (P&L) activities
• Partners closely with the front office, Operations, and Technology to define business finance processes and implement related technology solutions
• Supports delivering, designing, maintaining, and enhancing Value at Risk Back-Testing (VBT) data and Management Information System (MIS) processes that may impact multiple product control businesses
• Analyzes regulatory matters, such as the Comprehensive Capital Analysis and Review (CCAR) and Recovery and Resolutions Plans (RRP), to assess risk modeling practices within the bank
  
  

Required Qualifications:

• Minimum 2 years of banking or financial industry experience, with a focus on product control or financial control
• Strong balance sheet and general ledger knowledge is essential
• Advanced Excel skills, particularly in managing complex spreadsheets and financial data
• Strong analytical and problem-solving skills with an ability to work both independently and in collaboration with cross-functional teams
• Ability to work effectively in a fast-paced, dynamic environment, particularly during quarter-end periods when additional hours, including Saturdays, may be required
• Inquisitive and proactive mindset; the candidate must be comfortable asking questions and working collaboratively with teams to resolve issues
• Strong communication skills with the ability to liaise with internal teams such as Capital Accounting Policy, Operations, and the Trading Desk
• Attention to detail and the ability to manage work independently without excessive supervision
  
  

Desired Qualifications:

• Experience with Oracle/eLedger queries and general ledger postings (preferred but not required; training will be provided if necessary).
• Experience in process improvement or operational excellence (OPEX) initiatives
• Previous experience working with mortgages or securitized products (ABS, RMBS)
  
  

Skills:

• Analytical Thinking
• Attention to Detail
• Financial Accounting
• Financial Management
• Reporting
• Business Analytics
• Data Quality Management
• Financial Processing
• Price Verification and Valuation
• Scenario Planning and Analysis
• Business Acumen
• Critical Thinking
• Influence
• Prioritization
• Problem Solving
  
  

Recruiter Submission Template:

Full Name:

Degree Major with University and Completion year:?

Total experience as Senior Business Financial Control Product Associate ?

2 years of banking or financial industry experience, with a focus on product control or financial control

Experience Prepares and analyzes balance sheets and Profit and Loss (P&L) reports and validates postings and balances for a product aligned to a Line of Business (LOB) using knowledge of financial products, market risk profiles, and risk mitigation techniques and strategies?

Motivation / Reason for Relocation (if not local):

Motivation / Reason for interest in this position?

Contact Number:

E mail Id:

LinkedIn Id:

Full Address (Street, City, States, Zip Code)

Notice period: (in weeks):

Current work authorization status (US Citizen, Green Card, etc.)

Expected Salary?

Are you ready to relocate on your own expenses and work at New York, NY - Onsite 5 Days a week?

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

• Industries

  IT Services and IT Consulting

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