Cloud Finops Budgeting and Reporting Analyst

Job Summary

Job Description

(This position must be based in a Medline facility 3 days a week. This individual will work out of the Northfield location to

Job Summary

Medline is looking for a detail-oriented and analytical individual with a background in finance, IT, and cloud cost optimization. The ideal candidate will manage cloud budgeting and forecasting processes, facilitate cost optimization discussions, and create executive FinOps reporting. This role requires a blend of analytical expertise, project management skills, FinOps conceptual knowledge, and relationship management proficiency.  This role will work with a wide range of stakeholders to promote a culture of cost accountability and awareness for cloud consumption.

Major Responsibilities

Forecasting

• Collaborate with IT application leads to monitor spending against budgets and projections, identify variances, explore trends, and alert management of unfavorable results to allow for corrective actions where necessary.
• Develop and manage comprehensive budgeting and forecasting models for shared cloud costs.
• Gather and track the financial impact of future cloud workloads.
• Foster a collaborative and transparent financial planning environment.
• Crosstrain with other team members on non-cloud IT budgeting and forecasting

Cost Allocation

• Develop, maintain, and explain how cloud costs (application-specific and shared costs) are allocated to Application and Portfolio groupings.
• Work with the technical teams to ensure proper tagging and allocation of cloud resources for accurate cost tracking and reporting (both initially and ongoing)

Billing Management

• Help facilitate and track FinOps cost and performance optimization recommendations from the Indian offshore team with the US-based application owners. 
• Monitor FinOps recommendation progress and address any issues, roadblocks, or exceptions.
• Cross-Functional Collaboration: Collaborating with various departments, such as finance, operations, and IT, to gather data, understand business requirements, and support financial decision-making.

Executive Reporting

• In partnership with IT operations, develop, implement, and track unit key indicators that drive costs (ESR, Unit economics, Commitment-based discounts, Utilization, etc.)
• Prepare regular financial reports, presentations, and dashboards to provide insights and updates to management and stakeholders. This may involve analyzing financial data, creating visualizations, and communicating key findings and recommendations
• Own cloud resource metadata integrity of tagging and integration with the CMBD.

Work Experience

• At least 4+ years of professional experience in relevant skillsets
• At least 2+ years of professional working experience in facilitating budgetary meetings with stakeholders and finance, for the purpose of aligning spend to budgets, highlighting deviations, and developing remediation strategies.
• Proven experience in budgeting, forecasting, and financial analysis.
• Extensive experience working with Excel and other data analysis tools with financial data. FinOps experience or an IT infrastructure background with a desire to learn FinOps practices and principles.
• Strong experience and understanding of Cloud FinOps

Knowledge/Skills/Abilities

• Knowledge of the core Finance principles and basic understanding of the corporate accounting process (forecast, invoicing, showback, accruals…etc.)
• Ability to properly structure, model, and visualize cloud platform data to support decision making
• Strong project management skills with a track record of successful project delivery.
• Interpersonal, consultative, and facilitation skills, coupled with analytical thinking and problem-solving skills

Education

Bachelor’s degree in finance, Accounting, Business Administration, or related field.

Preferred Certifications

Experience with FinOps practices and principles - FinOps Certified Practitioner
Experience with Microsoft Azure - Microsoft AZ900 certified
Experience with Project Management – PMP certification

DISCLAIMER

All duties and requirements are subject to possible modification to reasonably accommodate individuals with disabilities.

This position description in no way states or implies that these are the only duties to be performed by an employee occupying this position.  Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by their supervisor(s)/manager(s). This document does not create an employment contract, implied or otherwise, other than an "at will" employment relationship.

Medline Industries, LP, and its subsidiaries, offer a competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.

The anticipated salary range for this position:

The actual salary will vary based on applicant’s location, education, experience, skills, and abilities. This role is bonus and/or incentive eligible. Medline will not pay less than the applicable minimum wage or salary threshold.

Our benefit package includes health insurance, life and disability, 401(k) contributions, paid time off, etc., for employees working 30 or more hours per week on average. For a more comprehensive list of our benefits please click here. For roles where employees work less than 30 hours per week, benefits include 401(k) contributions as well as access to the Employee Assistance Program, Employee Resource Groups and the Employee Service Corp.

Every day, we’re focused on building a more diverse and inclusive company, one that recognizes, values and respects the differences we all bring to the workplace. From doing what’s right to delivering business results, together, we’re better. Explore our Diversity, Equity and Inclusion page here.

Medline Industries, LP is an equal opportunity employer. Medline evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic.