Director of Treasury, CoreWeave
Structured Finance Programs
$190-220k
Specialized cloud provider
Posted today
Specialized cloud provider
201-500 employees
Posted today
$190-220k
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
- Candidates will have outstanding partnership and communication skills, be able to handle multiple priorities, possess deep attention to detail, an unrelenting drive to get to the answer, and have the ability to thrive in the ambiguity and open space that comes in a fast-growing organization
- Candidates will also be required to have mastery of Excel with excellent modeling and data manipulation skills
- Deep-rooted penchant for risk mitigation - proactively identifying risk areas, including manual workflows, and drive change to mitigate risks and ensure compliance
- This role is for those able to get into the details and get the job done while seeing the forest for the trees
- 15+ years of progressive experience with a strong preference for those who have developed, implemented, and managed large scale, cross-functional workstreams
- Treasury and Corporate Finance experience is required. Investment banking, private equity, Big-4 accounting, or similar experience is a plus
- Advanced analytical and quantitative abilities. Superior forecasting methods and techniques is a plus
- Highly articulate with excellent verbal and written communication skills. Capable of communicating complex financial information in an easy to understand format. Able to interact comfortably with the executive management team
- Ability to think creatively; Builder who is ambitious. Highest standards of accuracy and precision; highly organized
- Collaboratively-focused and able to work well with others in a fast-paced and ever changing business
- Comfortable completing projects requiring individual initiative and flexibility in tight time frames with minimal supervision
- Demonstrated understanding of GAAP accounting and key non-GAAP metrics
- Outstanding software and system skills (e.g., master proficiency in MS Excel and Google Sheets is a must. Experience in Netsuite, SAP or other ERP is a plus)
What the job involves
- We are seeking a high-performing, self-sufficient Director to join our Treasury team
- This position reports to the Vice President of Treasury and will own the compliance and reporting framework for our debt facilities and other financing arrangements
- A high level of ownership will be required as well as a strong corporate finance skill set
- You will drive operational processes for all financing programs within Finance
- You will also partner with Corporate Development, Legal, Operations, Sales, and external parties to ensure all stakeholders are operating in compliance with financing programs
- Develop and implement policies and procedures outlining operational processes across all Coreweave teams for CoreWeave’s debt financing programs with a focus on compliance with covenants, reps & warrants, and reporting requirements
- Establish Treasury compliance reporting framework including financial covenant and KPI dashboarding for Treasury and executive management
- Assist in the negotiation of financing agreements with a focus on covenants and reps & warrants and operational execution (matching new requirements against CoreWeave’s operational cadence and leveraging existing covenant workflows)
- Support the implementation of finance and other operational systems including ERP enhancements, Treasury Management Systems
- Demonstrate high level of ownership while successfully leading through various initiatives and operational workflows with cross-functional teams across the broader Finance organization as well as Corp Development, Legal, Sales, and Operations
- Prepare ad-hoc analyses for senior leadership on critical balance sheet and capital structure issues
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
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 values
- Be Curious at Your Core
- Empower Employees
- Act Like An Owner
- Deliver Best-in-Class Client Experiences
- Achieve More Together
Company HQ
Civic Center, New York, NY
Articles
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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