Since financial institutions have a lot of different products, in order to assess their performance, they came up with the role of product controller, a professional responsible for independently measuring the profit and loss (P&L) for each type of product or line of products. This is a way to maintain the organization’s integrity and it is an ongoing duty, not like the audits which are performed at wide time intervals or randomly.
The product controller verifies daily and monthly the balance sheets, the statements and other documents for each assigned category, including but not limited to Equities, Credit, and Mortgages. Other roles include performing reconciliations between reported and actual P&L and studies for top management regarding the profitability of certain products. Most specialists in this job have at least a bachelor’s degree in accounting, finance or similar, but it is not unusual to find math or statistics graduates as well, since this is a job that requires a good understanding of numbers, algorithms and markets.
When applying for a job as a product controller, it is advisable that you highlight your past experience in audit, some interest in economical news and recent events and your public speaking and presentation abilities.
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Tips for Product Controller Resumes
Skepticism
The most important trait of a product controller is skepticism, as this helps question everything, much like scientists do in their research work. If you take nothing for granted and you have the curiosity of a child, there are a number of things to be learned every day. This helps to prevent professional blindness, when you assume some things should behave in a certain way, but don’t check if that actually is the case. Let your resume showcase the “what if” attitude.
Reporting and presentation skills
One of your daily duties will be putting together reports about profit and loss. You need to feel confident in using specific software to do so and to be able to follow general accounting practices and rules. Furthermore, your results should be summarized in order to be apprehended easily by top management for quick decisions. Be prepared to give a short talk on your findings or to train junior financial professionals in taking financial decisions by using your work.
Networking and relationships
Apart from reports, you need to get out of your office and discuss with traders, check their assumptions, meet with COO, project teams, desk heads and other similar professionals. Some of these people you meet in person on a regular basis, other are just a click away, but you still require the courtesy to create the relations and the verbal and written skills to keep it going.
Product Controller Resume Samples
The following resume samples and templates for product controller can help you get a better idea of what your resume can look like.
When applying to a product controller job, let you passion show through your resume, put in some clues about ways you remain proactive and learn more each day and give examples of outstanding work or qualifications.
Additional Product Controller Resume Tips
- Long hours– The product controllers better prepare to work long hours, compensated by matching paychecks. This is a job for those who can withstand stress and multitasking easily.
- Constant learning –This is in fact one of the perks of being a product controller. You are almost forced to upgrade yourself constantly, but you need the mindset to do so. Include examples in the resume of how fast you can learn.
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