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