Senior Manager of Treasury Accounting, CoreWeave
$165-210k
More information about location
Specialized cloud provider
Job no longer available
Specialized cloud provider
201-500 employees
Job no longer available
$165-210k
More information about location
201-500 employees
Company mission
CoreWeave's mission is to deliver a massive scale of GPU compute resources on top of the industry’s fastest and most flexible infrastructure.
Role
Who you are
- Bachelor’s degree in accounting, Finance, or related field, must be a CPA
- 10+ years of experience in a large public company or big 4 accounting firm with a focus on debt, treasury accounting, or financial reporting
- Strong technical accounting knowledge and experience with complex debt and equity transactions, Knowledge of treasury operations and financial instruments
- Excellent analytical and problem-solving skill
- Effective communication and interpersonal skills for collaborating with cross-functional teams
- Advanced proficiency in Microsoft Excel
What the job involves
- The Senior Manager of Treasury Accounting oversees and manages the organization’s investment, debt, equity, hedge and cash accounting operation
- The role will work closely with internal stakeholders, such as treasury, corporate development, finance, legal, HR, as well as external parties, including auditors and financial institutions
- Manage the accounting for all debt instruments, including loans and credit facilities in compliance with GAAP/IFRS, including new debt issuances, modifications, and extinguishments
- Ensure accurate recording of debt, equity, investment and cash transactions including interest accrues, roll forward, schedules, journal entries and account reconciliations for treasury-related activities
- Prepare and review financial reports, including cash flow statements and disclosures, ensuring accuracy and timeliness
- Manage month-end, quarter-end, and year-end close processes for treasury accounting
- Collaborate with treasury and legal team to address debt covenant compliance and amendment
- Analyze monthly quarterly FX financial impact, provide FX accounting guidance for global team
- Collaborate with treasury team to monitor and manage financial risks, including foreign exchange, interest rate, and liquidity risks, provide necessary reports or data to manage the risks
- Lead the implementation of hedge accounting programs, ensuring compliance with GAAP/IFRS standards
- Work with corporate technical accounting team to develop and implement policies and procedures for debt accounting, equity accounting, hedge accounting, investment accounting and all other treasury accounting
- Lead and mentor a team of treasury accountants, managers, providing guidance and fostering professional development
Our take
Many cloud service providers can suffer from slow prediction speeds when they are used for data modeling. CoreWeave solves this problem with its specialized cloud service provider.
CoreWeave reduces prediction times and makes service requests faster and more efficient. This, in turn, cuts cloud costs considerably. This has proven to be a strong draw for many companies, with CoreWeave signing a lucrative partnership with GPU heavyweight NVIDIA as well as partnering with BitOoda, which has allowed it to expand its operations to the financial market.
However, in 2023 it closed three very significant rounds of funding (Series B and debt and secondary extensions), which is being invested into expanding its US-based data centers, opening two new ones in the coming year. The question remains whether, despite 2023's big investments in the sector, CoreWeave can maintain this momentum and whether generative AI's stock will continue to rise.
Steph
Company Specialist at Welcome to the Jungle
Insights
194% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
May 2024
$1.1bn
SERIES C
May 2023
$200m
SERIES B
Total funding: $1.7bn
Company benefits
- Medical, dental, and vision coverage
- Life and disability insurance
- Flexible Spending Account
- 401k with employer match
- Flexible PTO
- Catered lunch
- Kinside Childcare Concierge Service
- Gym reimbursement
Company HQ
Civic Center, New York, NY
Leadership
Michael Intrator
(CEO, not founder)Was Principal Portfolio Manager at Natsource Asset Managment for over 15 years. Served as CEO of The Atlantic Crypto Corporation and Hudson Ridge Asset Management.
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