Financial Analyst II
Job Summary
Job Description
The Rackspace Private Cloud Product Finance Team is seeking a Financial Analyst II to support Private Cloud Product and Professional Services business partners. This role involves understanding expense structures, managing expense changes, and analyzing forecast-to-actual variances. You will perform financial metric analysis, collaborate with the business to understand trends and needs, and proactively work with directors and VPs on budget development and recommendations. The analyst will primarily support expenses and revenue for Private Cloud Product and Professional Services, manage the annual budgeting process, develop and maintain company budgets and monthly forecasts, and analyze department operating results to influence financial decisions. Responsibilities include developing/reviewing forecasts for cash flow, expenses, headcount, and department performance. The ideal candidate is analytical, detail-oriented, works well under pressure, prioritizes tasks effectively, is curious about technology, and possesses a strong understanding of financial concepts.
Must have:
- Guidance on expense budgets and forecasts
- Ownership of annual budget to monthly forecast
- Variance analysis and reporting
- Drive expense reduction efforts
- Improve processes and reporting
- Maintain and improve forecast to actual reporting
- Ensure healthy financial decisions
- Evaluate profitability and margins
- Improve financial performance understanding tools
- Bachelor's in Business Administration/Finance/Economics
- Technical knowledge of budgeting
- Self-starter taking ownership
Good to have:
- Masters degree and/or Chartered Accountant
- Financial statement knowledge
- Cash management knowledge
- Financial analysis process knowledge
4 skills required
Job Details
JOB TITLE: Financial Analyst II
JOB LOCATION: India (Remote)
FUNCTION: Finance
JOB DESCRIPTION:
The Rackspace Private Cloud Product Finance Team has a pivotal role in supporting Private Cloud Product and Professional Services (PS) business partners in understanding their expense structure, helping to manage expense increases/decreases, and analyzing forecast to actual variances. With a wide scope of accountability/ownership, you will perform analysis of the relevant financial metrics and work closely with the wider business to understand trends as well as internal needs. You will take a proactive approach, working with Directors and VP's through the development process of each budget and makes recommendations.
Within this team, a Financial Analyst will primarily support the Private Cloud Product and Professional services expenses and revenue. You will be responsible for developing department’s annual budgeting process: plans, develops, prepares, inputs, and maintains company’s budgets and monthly forecast.
Daily tasks include analyzing and evaluating the department's operating results and financial position to summarize, report, and influence key financial decisions. In addition, develop/review forecasts for accurate and timely cash flow projections, expense projections, headcount, department performance, and direct expenses.
We are looking for someone who can work under pressure, maintain high standards of deliverables and attention to detail, who thinks in a structured way and is highly analytical. A successful candidate should be able to prioritise and juggle multiple tasks, be curious about technology, willing to learn and should have a very strong understanding of financial concepts.
JOB REQUIREMENTS: Key Accountabilities
- Provide guidance to Product and PS departments with regards to expense budgets and forecasts
- Owning full life cycle of annual budget to monthly forecast to actual results with variance analysis and reporting throughout
- Help drive expense reduction efforts through quality information management and advice
- Constantly improve processes & reporting to meet the needs of senior business partners
- Maintain and improve forecast to actual reporting
- Ensure that business leaders are taking healthy financial decisions and that the company’s overall financial targets are achieved
- Evaluate profitability and margins for the organization through objective and data-driven analysis
- Improve tools enhancing the understanding of financial performance by the business
- Product and Professional Services Leadership
- Accounting, wider Finance team members
- Executive Leadership
- Third Party Vendors
- Bachelors in Business Administration/Finance/Economics
- Masters degree and/or Chartered Accountant with 1-2 years of relevant working experience highly desirable
- Technical knowledge of budgeting, financial statements, cash management, and financial analysis processes
- Self-starter that takes ownership of issues and drives them toward a conclusion
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