Financial Analyst II

1 Month ago • All levels • Financial Analysis

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

4 skills required for this role

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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

Key Performance Indicators

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

MAIN CONTACTS (external/internal):

Product and Professional Services Leadership
Accounting, wider Finance team members
Executive Leadership
Third Party Vendors

PERSON SPECIFICATION:

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