Funding Controller Cover Letter

In response to your job posting for funding controller, I am including this letter and my resume for your review.

In my previous role, I was responsible for oversight in complex accounting areas such as contract revenue recognition, share based payment awards, derivatives accounting and pensions.

I reviewed the requirements of the job opening and I believe my candidacy is an excellent fit for this position. Some of the key requirements that I have extensive experience with include:

• Forecasting and Budgeting for S&M IPC group
• Support and review daily P&L production for BRM
• Work closely with BRM, Technology, Operations and other Controllers on a day-to-day basis to ensure accurate P&L reporting and analysis
• Reviewing key monthly controls and reconciliations, ensuring adherence to policies and procedures
• Relevant experience in Product Control and knowledge of financial products would be advantageous, particularly in the financial industry
• Good knowledge of accounting standards (IFRS and US GAAP)
• Preparation and analysis of daily deliverables to senior management (estimated balance sheet, FICC and Equities balances sheets)
• Generation and review of balance sheet statistics included in the monthly management reports used in the oversight of the Firm’s capital / funding needs

Please consider me for the funding controller opportunity. I am including my resume that lists my qualifications and experience.

In my previous role, I was responsible for value added information to the organization, while maintaining GAAP compliant financial statements and pristine accounting records.

My experience is an excellent fit for the list of requirements in this job:

• Preparing PowerPoint presentations for senior Finance management and stakeholders on Derivatives Funding initiatives
• Continuous improvement of controls around P&L and Balance Sheet reporting
• Involvement in department level initiatives including New Products and booking model changes/reviews
• Completion and circulation of daily decomp analysis, investigating unexplained P&L / variances where they occur, escalating where necessary in accordance with policy
• To ensure errors are minimised through a methodical and meticulous approach and by strong understanding
• To identify gaps and inefficiencies in process flows and controls, to communicate these towards line management, to establish the most logical resource deployment for remediation
• Identifying and implementing improved MIS in conjunction with team management
• Participation in Department level initiatives

I am excited to be applying for the position of funding controller. Please accept this letter and the attached resume as my interest in this position.

Previously, I was responsible for leadership and direction in the daily management of Accounting, Internal Controls and Financial Planning & Analysis activities for the Associated Spring Raymond business.

Please consider my experience and qualifications for this position:

• Monthly balance sheet estimate vs
• Preparation and analysis of quarterly disclosures to SEC and Federal Reserve, average balance sheet and segment assets
• Interaction with Product Controllers, trading desks, Divisional Management and Corporate Treasury to analyze current and historical business trends to establish future business strategy
• Understand the implication of new accounting pronouncements on the balance sheet
• Respond to various ad-hoc questions and analysis as they pertain to balance sheet of the Firm
• Work with Technology teams to automate and enhance Balance Sheet reporting process
• Preparing daily P&L’s for trading desks, involving assessment of the nature of revenue generated in the context of market moves and risk held reconciliation between front office sub-ledger and Firm general ledger.Price verification
• Review of & production of internal & external liquidity stress testing

I would like to submit my application for the funding controller opening. Please accept this letter and the attached resume.

Previously, I was responsible for sound financial advice to business units or other departments, anticipating the financial statement impact of changes in the business environment and making recommendations to ensure appropriate and beneficial accounting treatment.

Please consider my qualifications and experience:

• Supporting the reporting for the Contingency Funding Planning (CFP) process and supporting Finance with analysis relating to the CFP (analyzing daily liquidity, cash forecasting, and contingency changes)
• Production of monthly disclosure reporting, inclusive of performing various analysis on balances, interest and yield
• Manage a team of 3-4 Product Controllers
• Oversight and production cover of daily Liquidity Treasury KRI’s
• Lead a team of three covering core groups mentioned above
• Support wider team with investigations and initiatives
• Compiling analysis of drivers behind collateral balance and/or rate movements
• Assist with creating / refining specs for reporting development

I submit this application to express my sincere interest in the funding controller position.

In my previous role, I was responsible for technical guidance to the team in regards to mortgage-specific Accounting rules and standards, including mark to market fair value accounting of Loans Held for Sale, Interest Rate Lock Commitment, Derivatives/Hedges, and Mortgage Servicing Rights.

Please consider my qualifications and experience:

• Perform subsidy project administration
• Compliance with financial rules, regulations and legislation
• Project control throughout the duration of the projects
• Reporting to the funding authorities
• Management of the project documents
• Business case calculations
• Prefer specialized knowledge in Available for Sale (AFS) and Held to Maturity (HTM) accounting
• Month-end close reconciliations (inclusive of balance sheet substantiation)