Finance Rotation Program

Snowflake

1mo ago

Job
Full-time
Entry & Junior Level
Accounting & Tax
Menlo Park

AI generated summary

You need strong critical thinking, communication skills, detail orientation, adaptability, a finance-related degree, 0-1 years of experience, and proficiency in Excel. Experience with Tableau and GAAP is a plus.
You will enhance forecasting models, deliver presentations, conduct financial analysis, support month-end processes, collaborate cross-functionally, and ensure compliance with financial controls.

Requirements

Exceptional critical thinker who is able to identify causes as well as formulate solutions with a high level of professionalism, objectivity, and an open mind
Effective communicator who conveys important information in an engaging and personable manner
Passion for detail and quality, an ability to identify weaknesses in data and process, and a willingness to drive improvement
Flexible team-player who easily adapts to an ever changing, dynamic, high-pressure environment
Committed self-starter with a demonstrated history of strong work ethic and reliable task completion under minimal direction
Passionate, lifelong learner who seeks opportunities for continuous professional development
Problem-solver who can effectively and objectively navigate solutions while focusing on the big picture
BA/BS/MS in Finance, Economics, Accounting, Business Administration, or related quantitative field
0-1 years of Finance or Accounting experience/internships in either a start-up environment or IB/Equity Research
Experience using Excel and Powerpoint (Ability to build reports, dashboards, pivot tables, VLOOKUP's, etc.)
Understanding of accounting principles and financial statements
Knowledge of GAAP
Experience in using Tableau or similar - desired
Recognized professional qualification(s) CA/CPA/CIA is a plus
Experience with Adaptive Insights is a plus
Experience with cloud-based or software as a service (SAAS) companies is a plus.
Salesforce, Vertex, Stripe, lockbox and Workday Financials ERP experience is a plus
Thorough understanding and adherence to applicable SOX controls is a plus

Responsibilities

Build and enhance our short- and long-term forecasting model to support critical expansion and operational strategies
Deliver and craft high-quality presentations for senior executives and investors
Provide detailed reporting, building scalable processes, and driving strategic initiatives
Develop expertise in understanding how our customer's consumption and costs translate to the P&L
Help prepare monthly financial review packages and month/quarter-end close process
Provide in-depth financial analysis and forecasting related to headcount, department expenses, CAPEX, corporate allocations and company software spend
Work cross-functionally with Sales, HR, and Finance
Generate trended monthly expense analysis to improve visibility into areas such as Professional Services, Software Subscriptions and Travel
Prepare monthly financial review packages and support the month/quarter-end close process for business partners in order to review expenses, discuss variances and update forecasts
Drive better understanding of Snowflake’s positioning and emerging trends for our management team by analyzing financial research/information about our peers and the industry
Support the quarterly earnings results process, schedule, and the content of strategic news releases
Assist with competitive and strategic analysis on our peers, and the industry as well as buy/sell-side trends to help keep management aware of the markets and investor views on Snowflake
Investments:
Interest income reporting and forecast preparation
Asset manager compliance testing and reporting using Clearwater
Performance attribution analysis
Working Capital Management:
Control Daily cash management, initiate payments, anticipate short-term borrowing needs and communicate them to proper personnel
Support month-end, quarter-end, and year-end close activities
Reporting:
Build Treasury dashboard, maintain and enhance cash forecasting
Build and maintain bank fee analysis and treasury budget preparation
Financial Controls and Compliance:
Support Treasury S-Ox reporting, S-Ox control documentation of sales and use tax a property tax process controls
Support tax reconciliation processes
Support our Business Internal Controls assessment, other operational Audits and investigations
Review the business processes, develop and update Risk and Control Matrices, flowcharts, and testing procedures
Assess and analyze the impact of control deficiencies and audit findings; gain stakeholder agreement on root causes of issues and appropriate corrective actions, while maintaining positive business relationships
Assist in gathering and documenting accounting requirements/wishlist for automation
Prepare project documentation & articulate solutions needed from a business perspective
Draft proposed workflows with feedback from business users, including updated controls documentation
Using RPA (Robotic process automation) to automate repetitive manual work.
Learn about various accounting focus areas (Accruals, Leases, Capitalized Software, etc.) by understanding an underlying business process as well as applicable accounting guidance
Participate in month end close activities, such as preparation of journal entries, reconciliations and variance analyses
Collaborate with various business partners (such as Engineering, FP&A, Workplace) on collecting, analyzing and ensuring integrity of various data used in accounting processes
Assist in various process improvement projects, including automation, user acceptance testing (UAT) and new system and process implementations
Serve as a Procurement partner and liaison to the business supporting all designated functions, Procurement projects, and vendor onboarding & management
Collaborate with Snowflake’s Legal and Security departments to ensure compliance with requirements and standard contract terms
Measure, manage and improve supplier performance against negotiated SLAs and quality metrics
Partner with our Global Contracts team to review Contracts and redline documents
Assist with the management of Snowflake’s supply chain
Help with all aspects of negotiations, including the creation of negotiation plans
Support the Travel and Expense Process
Support month end and quarter end close process for Partner programs: prepare accruals, update forecast, perform variance analysis
Prepare monthly and quarterly financial reporting pack for review with business and finance teams
Review and audit monthly incentives payment calculations and address any gaps
Track and report Partner Programs budget utilization and performance metrics
Perform financial analysis to evaluate ROI for Partner programs
Collaborate with Finance, Alliances Programs team, Sales Operations, IT , legal and Accounting teams to support month end process and execution of Partner Programs
Assist with cross-functional initiatives, focused on supporting Alliances leadership to design, build, and scale Snowflake’s GTM programs
Ensure compliance and alignment to Partner programs governance and Internal Audit

FAQs

What is the Finance Rotation Program at Snowflake?

The Finance Rotation Program at Snowflake consists of three challenging 1-year roles across finance and accounting, designed to develop participants' understanding of finance and how Snowflake operates, accelerating them towards their career goals.

What qualifications are required to apply for the Finance Rotation Program?

Applicants should have a BA/BS/MS in Finance, Economics, Accounting, Business Administration, or a related quantitative field, along with 0-1 years of finance or accounting experience/internships. Additionally, understanding of accounting principles, experience with Excel and PowerPoint, and familiarity with GAAP are essential.

Is experience with software tools like Tableau and financial systems necessary?

While experience using Tableau or similar tools is desired, it is not mandatory. However, familiarity with financial software applications such as Adaptive Insights, Salesforce, and others would be a plus.

What skills are emphasized for candidates applying to this program?

Candidates should demonstrate strong critical thinking, effective communication, attention to detail, flexibility, self-starter qualities, a passion for continuous learning, and problem-solving abilities.

Will participants receive mentoring during the rotation?

Yes, participants will receive personalized mentoring and have exposure to an extensive network of finance leaders to support their professional development.

What kinds of roles will participants experience within the Finance Rotation Program?

Participants will rotate through roles in areas such as Financial Planning & Analysis, Sales Finance, Investor Relations, Tax/Treasury, Internal Audit, Transformation, Accounting, Procurement, and Alliances Finance.

What is the expected salary range for this position?

The estimated base salary range for the Finance Rotation Program is $74,000 - $96,600, with eligibility for bonus and equity participation.

Are there health benefits included for employees in this role?

Yes, the role is eligible for a competitive benefits package that includes medical, dental, vision, life, and disability insurance, among other benefits.

Are there any specific compliance or security standards employees must follow?

Yes, every employee is expected to follow Snowflake's confidentiality and security standards for handling sensitive data and must abide by the company’s data security plan.

Does the Finance Rotation Program provide opportunities for career growth?

Yes, participants in the program will experience unparalleled exposure and learning opportunities, positioning them for career growth within one of the fastest-growing enterprise software companies.

Snowflake

Snowflake delivers the Data Cloud — mobilize your data with near-unlimited scale and performance.

Technology

Industry

5001-10,000

Employees

2012

Founded Year

Mission & Purpose

Snowflake delivers the Data Cloud — a global network where thousands of organizations mobilize data with near-unlimited scale, concurrency, and performance. Inside the Data Cloud, organizations unite their siloed data, easily discover and securely share governed data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single and seamless experience across multiple public clouds. Snowflake’s platform is the engine that powers and provides access to the Data Cloud, creating a solution for data warehousing, data lakes, data engineering, data science, data application development, and data sharing. Join Snowflake customers, partners, and data providers already taking their businesses to new frontiers in the Data Cloud.