FP&A Analyst

Nebius is leading a new era in cloud infrastructure for the global AI economy. We are building a full-stack AI cloud platform that supports developers and enterprises from data and model training through to production deployment, without the cost and complexity of building large in-house AI/ML infrastructure.

Built by engineers, for engineers. From large-scale GPU orchestration to inference optimization, we own the hard problems across compute, storage, networking and applied AI.

Listed on Nasdaq (NBIS) and headquartered in Amsterdam, we have a global footprint with R&D hubs across Europe, the UK, North America and Israel. Our team of 1,500+ includes hundreds of engineers with deep expertise across hardware, software and AI R&D.

• Develop, own, and continuously refine financial models for business cases, investment proposals, and strategic initiatives across the Group.
• Build scenario, sensitivity, and Monte Carlo analyses to quantify risk and opportunity, providing decision-makers with a range of credible outcomes.
• Translate complex financial and operational assumptions into coherent, auditable model structures that can be understood and challenged by non-technical stakeholders.
• Evaluate capital expenditure proposals, including ROI, IRR, NPV, and payback analysis across short- and long-term horizons.
• Work with limited direction and exercise sound judgment to determine the right analytical approach for each investment question.
• Build and maintain detailed cashflow models that integrate operating, investing, and financing activities — both at the project level and as part of Group-wide forecasts.
• Develop long-term (multi-year) cashflow forecasts, incorporating business case assumptions, capex schedules, and working capital dynamics.
• Model cashflow sensitivity to key assumptions (revenue ramp, capex timing, financing draws) to support liquidity planning and covenant monitoring.
• Analyse forecast vs. actual cashflow variances, identifying root causes and providing actionable insight to improve future forecast accuracy.
• Quantify the cashflow impact of proposed investments and business cases, including funding requirements, drawdown profiles, and payback timelines.
• Support treasury and corporate finance teams with cashflow projections used in debt facility negotiations, ABL covenant reporting, and investor communications.
• Integrate multiple financial and non-financial data sources (operational KPIs, market data, customer metrics, engineering outputs) to form a holistic view of investment performance and potential.
• Identify data gaps and work proactively with Finance, Data Engineering, and Business Intelligence teams to improve the quality and availability of inputs.
• Monitor approved investments post-close, tracking actual performance against business case assumptions and providing clear variance commentary.
• Develop insight-led reporting that goes beyond the numbers — surfacing the 'so what' for leadership audiences.
• Support the FP&A team in long-range planning cycles, integrating investment pipeline analysis with Group P&L and cashflow forecasts.
• Prepare P&L, balance sheet, and cashflow impacts of proposed investments, including funding structure implications.
• Contribute to Group-wide scenario planning and stress-testing exercises that inform the annual budget and strategic plan.
• Present findings and recommendations to senior management and the Executive team in a clear, structured, and commercially oriented way.
• Act as a credible financial partner to business unit heads, challenging assumptions and embedding rigorous financial thinking into decision-making processes.
• Collaborate with Finance Business Partners, Legal, Strategy, and Operations teams to ensure investment proposals are well-scoped and assumptions are grounded.
• Prepare high-quality materials for Investment Committee and Board-level review.

• 6+ years of experience in FP&A, corporate finance, investment analysis, or management consulting.
• Proven track record building complex, multi-driver financial models from scratch in Excel or Google Sheets.
• Demonstrated experience constructing cashflow models and forecasts, including direct and indirect cashflow methods, working capital movements, and capex scheduling.
• Strong understanding of investment appraisal techniques (NPV, IRR, payback, scenario analysis) and financial statement mechanics (P&L, balance sheet, cash flow).
• Demonstrated ability to work independently with minimal direction, managing multiple workstreams concurrently.
• Experience synthesising financial and non-financial data to produce actionable business insights.
• Excellent written and verbal communication skills; comfortable presenting to and influencing senior stakeholders.