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Product Controller/Accountant

New York, NY 10036

Posted: 11/02/2022 Employment Type: Direct Hire Industry: Accounting Job Number: 39202 Pay Rate: 85,000

Job Description

 Product Controller/Accountant

 Ideally the candidate would have experience with fixed income products, preferably Mortgage-Backed Securities.
  • Experience as a product / legal entity controller/financial reporting experience or middle office associate in a broker dealer   
  • Be able to effectively communicate with traders, business heads and senior management on a variety of financial matters
  • Has the ability to expand and improve upon company current daily, monthly, and quarterly reporting
  • Candidate should possess a college degree in Accounting or Finance

Small Business Administration (SBA)
  • Work directly with the SBA product division personnel to prepare daily P/L on both open positions and executed securitized lending deals.
  • Maintain inventory of positions and reconcile to both external third-party confirmations and related clearing companies
  • Ensure that positions are included in firm’s risk- based haircut capital program
  • Track cash activity and net margin trading with external custodian
  • Reconcile repurchase/triparty agreements with external counterparties and record activity to General Ledger
  • Ensure that month end positions are properly marked-to-market and properly recorded to G/L
  • Prepare SBA ad hoc analyzes

Asset Backed Securities SPV division
  • Worked directly with group personnel and maintain inventory of purchased loans and repurchased agreements for each securitized underwriting
  • Track cash activity on purchased loans and repurchase agreement
  • Ensure that month end positions are properly marked-to-market and booked to G/L
  • Calculate accreted interest on outstanding loan positions
  • Prepare various analyzes as requested by management

Fixed Income backup product controller
  • Preform backup role for fixed income product line including daily P/L, futures and options margin usage, trading revenue analysis by trader and firm-wide; calculate firm-wide and trader daily margin calculations; reporting of excess net capital and capital haircuts by product line; reconcile trading and non-trading accounts to clearing organization.
  • Perform month end futures and options P/L accounting
  • Perform ad hoc analyses and other month end accounting

  • Prepare monthly internal managerial financial statements by legal entity, combined and consolidated

  • Assist with the preparation of audited financial statements
  • Prepare various footnote disclosures for audited financial statements
  • Prepare and respond to ad hoc analysis and inquiries for external auditors

  • targeted base salary of $85,000 to $100,000 DOE plus discretionary annual bonus eligible.
  • Benefits – Medical, Dental, Vision, Life, AD&L, Flex Spending, 401K
  • Hybrid Work Schedule, NYC or Long Island and home residence remote

Meet Your Recruiter

Stephanie Blaszkowiak

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