Inventory & Financing Compliance Manager, CoreWeave
Operations Accounting
$115-168k
+ Discretionary bonus & Equity awards for eligible roles
More information about location
Specialized cloud provider
Open for applications
Specialized cloud provider
201-500 employees
Open for applications
$115-168k
+ Discretionary bonus & Equity awards for eligible roles
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
- The ideal candidate will have a forward-thinking approach to efficient accounting processes in a fast-paced, high-growth environment and the ability to communicate deliverables and recommendations
- 8+ years of experience in accounting roles a large public multinational company or Big 4 public accounting firm involving inventory and fixed assets; experience supporting debt covenant reporting is highly preferred
- Strong understanding of inventory and fixed asset accounting principles, including capitalization thresholds, useful life assignments, and impairment
- Familiarity with financial metrics and reporting obligations under debt agreements (e.g., EBITDA definitions, net debt, liquidity tests)
- Demonstrated ability to design, implement, and optimize accounting processes at scale
- Excellent organizational, analytical, and communication skills; ability to handle multiple priorities and deadlines
- Experience supporting manufacturing, plant, or warehouse operations a plus
- Working knowledge of ERP systems and reporting tools; experience with fixed asset subledgers and reconciliation tools
- Experience working in or alongside Global Business Services (GBS) or shared services organizations is a plus
- CPA preferred, strong preference for candidates with technical accounting exposure and hands-on operational experience
- Team player with a positive attitude that embraces challenges and thrives in a fast-paced environment
- Applicants must have work authorization that does not require sponsorship from the company now or in the future.“
What the job involves
- We are seeking an Operations Accounting – Inventory & Financing Compliance Manager who will play a critical role supporting the company’s inventory and fixed asset accounting functions while contributing to debt covenant reporting and compliance
- This role reports to the Senior Manager of Inventory Operations Accounting and is instrumental to the month-end close, financial reporting, and control processes that support global operations
- This position will oversee the ongoing development, management, and administration of global inventory and fixed asset accounting activities
- You will work closely with data center inventory control specialists, fixed asset stakeholders, and FP&A and Treasury teams to ensure accurate reporting and compliance with internal and external requirements, including those related to debt covenants
- Inventory accounting is a growing function within the Operations Accounting team. Many processes require end-to-end design or reengineering for scalability and compliance
- You will play a pivotal role in implementing integrated processes that span inventory, fixed asset capitalization, and covenant-related financial disclosures
- Oversee month-end and year-end closing processes, including journal entries and reconciliations
- Ensure timely and accurate financial reporting in accordance with US GAAP, internal policies, and external debt covenant requirements
- Collaborate with various functions across the organization to facilitate asset movements and challenges. Working closely with Treasury, Supply Chain, Data Center Operations teams and various Finance teams
- Support the proper classification and timely capitalization of inventory transitioning to fixed assets
- Analyze financial data and account activity to ensure alignment with debt agreement requirements, particularly those tied to leverage ratios, fixed charge coverage, or asset pledges
- Partner with FP&A and Treasury teams to support covenant-related reporting, disclosures, and lender deliverables
- Support internal and external audits, including SOX compliance, asset existence testing, and covenant-related audit procedures
- Maintain and improve internal controls related to inventory and fixed asset tracking, valuation, and reporting
- Act as an accounting SME for inventory and asset-related system initiatives and automation projects
- Provide cash flow insights related to inventory purchases, capital expenditures, and depreciation schedules
- Prepare or contribute to disclosures in SEC filings (10-Q/10-K) related to property, plant, and equipment and debt
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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