Senior FP&A Analyst, Engineering & Product

Lambda, The Superintelligence Cloud, is a leader in AI cloud infrastructure serving tens of thousands of customers. Our customers range from AI researchers to enterprises and hyperscalers. Lambda's mission is to make compute as ubiquitous as electricity and give everyone the power of superintelligence. One person, one GPU. If you'd like to build the world's best AI cloud, join us. *Note: This position requires presence in our San Francisco or San Jose office location 4 days per week; Lambda's designated work from home day is currently Tuesday.

Project Spend, Internal Capacity & Fleet Optimization Own project-level budgets, spend tracking, and cost-to-complete forecasts for Engineering and Product initiatives Quantify internal capacity consumption across development, testing, and benchmarking; build and maintain allocation and chargeback methodology Partner with Infrastructure and Engineering on fleet optimization, including utilization, idle capacity, instance mix, and reclamation opportunities Translate optimization opportunities into quantified savings and track realization against target Product Investment ROI & R&D Analysis Build business cases and ROI models for product and R&D investments Establish post-investment measurement; track realized returns against the original underwriting Analyze R&D spend by initiative and support capitalization analysis with Accounting Provide prioritization frameworks and trade-off analysis for competing investment requests New Product Introduction (NPI) Management Serve as the finance partner across the NPI lifecycle, from concept through launch and ramp Model pricing, unit economics, margin, and volume assumptions for new offerings Own stage-gate financial deliverables and launch readiness criteria Track post-launch performance against the launch case and inform go/no-go and scaling decisions Engineering & Product Headcount and OpEx Management (BvA) Own OpEx and headcount planning, tracking, and reporting for the Engineering, Product, and Cloud Services organizations Maintain hiring plans, compensation assumptions, and organizational change tracking against approved headcount Prepare monthly and quarterly budget vs. actual analysis, identify key drivers, and partner with Engineering and Product leaders to explain performance Manage vendor, software, and tooling spend; support accrual and reclassification inputs with Accounting through the monthly close Cash Flow Forecasting Build and maintain the operating cash flow forecast model, including timing of vendor payments, capacity commitments, and project spend Own the rolling near-term cash view; reconcile forecast to actuals and explain variances Model scenarios around deployment timing, payment terms, and financing structures Partner with Accounting and Treasury on payables timing, prepaids, and commitment schedules Executive Reporting & Communication Deliver Cloud Services, Engineering, and Product insights for monthly business reviews, executive reviews, and board materials Translate complex technical and operational data into clear financial insight Provide actionable recommendations on cost efficiency, investment prioritization, and margin improvement You Have a bachelor's degree in Finance, Accounting, Economics, or a related field Have 4–7 years of experience in FP&A, corporate finance, investment banking, or consulting, ideally with a focus on Cloud / AI infrastructure, SaaS, Data centers, Telecom, Hardware, or industrials Have direct experience partnering with Engineering or Product organizations on budget, roadmap, and investment decisions Possess extensive experience in financial modeling and analysis, with a deep expertise in constructing complex financial models and interpreting financial statements to drive strategic decision-making Have excellent analytical, strategic thinking, and decision-making skills Possess strong Excel skills and experience with financial software systems Have the ability to thrive in