Product Controller, Commodities

Job Description

About the Opportunity

Our client, a global systematic investment manager with quantitative strategies and a significant commodities business, is seeking a Product Controller to build out its product control function in New York. The successful candidate will be the first hire on the team, reporting to the CFO and shaping processes with significant autonomy. This senior, hands-on role oversees valuations, independent price verification, and the relationship with the fund administrator. The position requires four days per week in the New York office.

Job Responsibilities

• Oversee monthly, quarterly, and annual valuations of commodity trades, inventory, and other positions, with a primary focus on metals and additional coverage of gas and power
• Apply valuation methodologies as the product range expands, potentially including oil and other commodities
• Work with accounting specialists to ensure commodity valuations and prices in the financial statements meet accounting standards, with documented controls and audit support
• Lead independent price verification, challenging pricing from internal and external sources
• Develop valuation policies and procedures, and present findings at valuation committee meetings
• Prepare valuation reporting for internal stakeholders and external auditors, and support valuation queries from banks financing commodity trading
• Build and maintain the control framework around valuations, including documenting and testing key controls
• Contribute to systems and process enhancements, including bringing trading P&L processes in-house
• Collaborate with portfolio management, operations, legal, compliance, and finance

Job Requirements

• 8+ years of commodity product control or valuation experience, preferably in a physical commodities business with significant logistics and physical delivery operations
• Deep practical expertise in physical commodity pricing and valuation across one or more of metals, gas, and power, including trades, inventory, related derivatives, and the impact of logistics and settlement costs
• Metals experience preferred
• Proven independent price verification experience, including market data sources and vendor relationships
• Strong knowledge of US GAAP or IFRS and regulatory requirements
• Bachelor’s degree in Accounting, Finance, or a related field; CPA or equivalent required
• Advanced Excel skills; experience with valuation systems (e.g., Bloomberg, Markit) a plus
• Experience with process automation and commodities trading systems is a plus
• Familiarity with commodity trading balance sheets and related controls is a plus
• Big 4 accounting experience is nice to have
• Ability to work independently and as part of a team in a demanding, fast-paced environment

The annual total compensation is up to $350k. Actual compensation offered to the successful candidate may vary from posted hiring range based upon geographic location, work experience, education, and/or skill level, among other things. Details about eligibility for bonus compensation (if applicable) will be finalized at the time of offer.