Financial Analyst

Company Details

Virgin Galactic is on track to become the world’s first privately funded commercial space line. It is dedicated to becoming a world leader in sub-orbital commercial space tourism with a longer term vision to develop other space technologies that have the potential to open space to significantly more people and users. If you are looking for a challenging opportunity that will ignite your passion for designing cool and innovative products, are exceptionally creative, are a great problem solver and can make things happen - apply today!

Our Values

The Virgin Galactic organization has a relaxed and informal culture that encourages individuality and innovation. You will be motivated, enterprising and enthusiastic. Company culture is such that you need to be able to “check your ego at the door,” be a self-starter and possess a sense of humility. You will work well under commercial pressure and thrive on being given challenges and responsibility. You will communicate clearly and be confident and persuasive. You will have a high level of integrity and understand the need of complete confidentiality.

Who you are

Virgin Galactic is currently seeking a Financial Analyst to join our growing Finance team. Under minimal supervision, the Financial Analyst is instrumental in leading and driving the budgeting and forecasting process for our sister organization, The Spaceship Company, and providing insightful analyses and information to enhance overall Company decision making and profitability. This role will provide continual and ad-hoc expense analyses, coordinate plans and budgets with department leaders, and drive better productivity through the identification of process and functional improvements. You will work alongside other finance team members across the entire organization to continually improve the overall performance and productivity of the team(s).

Your Mission

  • Lead detail annual department budgeting and quarterly reforecasting process for our sister company, The Spaceship Company. Report to Virgin Galactic Corporate headcount, operating, and capital expenditures.
    • Meet with leaders across program to identify costs and headcount requirements in support of management objectives
      Headcount planning

      • Maintain and update headcount planning templates, overhead rates, etc. Work directly with department leaders in planning process
      • Headcount tracking in support of budget vs. actual reporting and quarterly reforecast
    • Expense planning
      • Prepare operating and capital expense plan for each plan cycle, including annual budget and quarterly reforecast with relevant stakeholders. Manage department planning templates
      • Able to address accounting/planning questions from program leaders (accounting treatment, cash vs. GAAP differences, etc.)
    • Support implementation of project-based planning and tracking of development costs
    • Maintain multi-year plans to address resource planning with supporting scenario analysis. Develop G&A and overhead allocation projections
    • Perform budget to forecast, and forecast to forecast reconciliations. Identify risks and opportunities
    • Requires ability to understand operational units to properly align financial projections and to assess impacts to operational goals.  Maintain and test key assumptions for long term model as it relates to TSC.
  • Monthly department financial reporting
    • Perform account level variance explanations, identifying timing vs. permanent cost differences to budget. Generate monthly financial statements
    • Update forecast as it relates to cost differences identified in variance analysis
    • Demonstrate ability to provide program level/macro explanations on milestone progress as it relates to budget/forecast
    • Conduct GL account review for all P&L activity, validating balances are reasonable and accurate as compared to current operating plans
    • Work closely with accounting department researching variance explanations, propose re-class journal entries, convey budget assumptions, etc.
  • Assist in senior management/BOD dashboard reporting process
    • Oversee TSC portion of monthly dashboard reporting process, including performing variance explanations, headcount comparisons, etc.
    • Participate in senior finance monthly close meetings
    • Support requests for ad-hoc reports, pro-forma financial statements
  • Support implementation of budgeting/planning and reporting tool (Anaplan).
    • Previous experience working in EPM environments highly preferred, including implementation, rollout and process adoption.
  • Ad-hoc/Other
    • Work with Finance/Accounting and other stakeholders on issues and solutions
    • Aid in the development of impactful, compelling presentation materials (decks, notes, write-ups, backup materials, etc.) that effectively communicates financial projections, risks and opportunities
    • Other special projects as required
  • Location: Downtown Los Angeles location, with required travel to Mojave, CA (Approximately 5 days per month).

What you bring

  • Bachelor’s Degree in accounting, economics, or finance required.
  • 3-5 years of relevant work experience. Public company and/or manufacturing-environment experience preferred
  • Progressive advancement in accounting and finance function in operational finance departments
  • Solid understanding of accounting and finance principles
  • Superior analytical skills
  • Ability to articulate with excellent verbal and written communication skills
  • Highly organized, flexible and easily adaptable to changing conditions
  • Ability to work well under high pressure and tight deadline situations
  • Ability to multi-task and manage numerous simultaneous priorities
  • High energy, high ownership of work product and dedication and commitment to driving results
  • Knowledge of US GAAP, demonstrated either through work experience or professional accountancy qualification
  • Strong working knowledge of Excel:
  • Formulas and Functions, including: Pivot tables, Vlookups, Nested IF statements, Logic statements, etc. Financial modeling experience in Excel required. Data tables, what if analysis
  • Excel best practices required (formatting, file linking, etc.)
  • Experience with investment banking models a plus
  • Experience with Cost Accounting Standards a plus

ITAR Requirements

To conform to U.S. Government space technology export regulations, applicant must be a U.S. citizen., lawful permanent resident of the U.S., protected individual as defined by ITAR (22 CFR §120.15) or eligible to obtain the required authorizations from the U.S. Department of State.

Virgin Galactic is an Equal Opportunity Employer; employment with Virgin Galactic is governed on the basis of merit, competence and qualifications and will not be influenced in any manner by race, color, religion, gender, national origin/ethnicity, veteran status, disability status, age, sexual orientation, marital status, mental or physical disability or any other legally protected status

Tagged as: finance, analyst

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