Director of Treasury Accounting, CoreWeave
$165-275k
This position also includes a discretionary bonus and equity
Office located in Livingston, NJ / Sunnyvale, CA
Specialized cloud provider
Open for applications
Specialized cloud provider
201-500 employees
Open for applications
$165-275k
This position also includes a discretionary bonus and equity
Office located in Livingston, NJ / Sunnyvale, CA
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 (2-5 years in director level capacity) 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
- Applicants must have work authorization that does not require sponsorship from the company now or in the future
What the job involves
- The Director of Treasury Accounting will lead the accounting and financial reporting for all treasury-related activities, including debt, equity, investments, and hedge instruments
- This critical role ensures compliance with U.S. GAAP and SEC requirements, supports the company’s capital structure strategies, and maintains rigorous internal controls
- The ideal candidate is a technically strong, detail-oriented accounting leader with deep expertise in complex financial instruments and a proven track record in a dynamic corporate or public company environment
- Manage accounting for all debt instruments, including term loans, revolving credit facilities, bonds, and Letter of credit
- Review and ensure accurate recording of interest expense, amortization of debt issuance costs, and compliance with relevant accounting standards (ASC 470) and Debt Covenant
- Support debt-related transactions such as new issuances, restructurings, or extinguishments with proper technical accounting treatment and disclosure
- Oversee accounting for equity-related transactions, for stock-based compensation (ASC 718), employee stock purchase plans, and other share-based payment arrangements
- Coordinate with Legal, HR, Payroll to track and reconcile equity instruments and maintain accurate capitalization records
- Manage accounting and reporting for the company’s investment portfolio, including marketable securities, joint ventures, Strategical Investment and other financial instruments
- Perform periodic valuations for Fair value accounting, impairment assessments, and ensure compliance with relevant standards (e.g. , ASC 320, ASC 323)
- Prepare and review financial statement disclosures related to debt, equity, investments and derivatives for SEC filings and internal reporting
- Ensure compliance with all external reporting requirements including 10-Q, 10-K, and other regulatory filings
- Collaborate with external auditors during interim and year-end audits on treasury-related accounting areas
- Develop and maintain accounting policies and internal controls specific to treasury activities
- Ensure SOX compliance across all treasury-related accounting processes
- Lead or support system implementations and enhancements relevant to treasury accounting
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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