Senior FP&A Analyst

About Nebius: 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.

Role Overview The FP A Analyst – Business Cases Investments plays a critical role within the Group Finance team, evaluating strategic and operational investment decisions across the business. The role demands a highly analytical individual capable of operating with autonomy, synthesising complex financial and non-financial data, and delivering clear, evidence-based recommendations to senior leadership. This is a high-visibility role that partners directly with business unit leaders, the Executive team, and cross-functional stakeholders to appraise capital allocation decisions, model scenarios, track cashflow implications, and monitor delivery against approved cases.

The ideal candidate combines rigorous financial modelling skills with commercial acumen and the confidence to challenge assumptions constructively.

Key Responsibilities

Business Case Investment Modelling 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. Cashflow Modelling Forecasting 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.

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. Data Analysis Insight Generation 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.