Revenue Accounting Manager, CoreWeave
Software & SaaS
$115-168k
+ Discretionary bonus, equity awards and ESPP
More information about location
Office located in Sunnyvale, CA
Specialized cloud provider
Be an early applicant
Specialized cloud provider
201-500 employees
Be an early applicant
$115-168k
+ Discretionary bonus, equity awards and ESPP
More information about location
Office located in 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; CPA preferred
- 5–8+ years of progressive revenue recognition/accounting experience, ideally in SaaS or software
- Strong knowledge of ASC 606 and multi-element arrangements
- Experience with NetSuite (ARM preferred) or other revenue automation tools and Salesforce
- Prior M&A or integration project experience strongly preferred
- Excellent analytical, communication, and project management skills
- Ability to thrive in ambiguity and manage multiple priorities
- Strong communication skills and the ability to work cross-functionally in a fast-paced environment
- Detail-oriented with the ability to manage multiple priorities and meet deadlines
What the job involves
- You will be responsible for managing special projects, primarily accounting for the revenue activities of acquired companies, assisting in assessing the accounting policies of those companies and integrating those companies into CoreWeave’s processes
- This includes driving significant process improvements, system integrations, ensuring compliance with ASC 606, and collaborating with cross-functional teams to drive operational efficiency and scalability in the revenue accounting function
- When and to the extent there aren’t M&A activities requiring the above duties, you will be involved in other special projects in the Order to Cash area that drive efficiencies, such as automations and system implementations
- This role will report to the Senior Revenue Accounting Manager, Software and SaaS, and play a critical role in supporting CoreWeave’s growth and financial reporting processes
- In this role, you will need to be detail-oriented, collaborative, and be able to thrive in a dynamic environment that balances technical accounting with operational execution
- Manage the revenue close process for acquisitions, including journal entry and reconciliation preparation and/or review, system data validation, and close metrics reporting
- Collaborate with Finance, Legal, Sales Operations, IT and others to implement standard methodologies, automation, and streamline order-to-revenue processes
- Lead cross-functional initiatives focused on process automation, operational efficiency, and scalable growth
- Support strategic initiatives such as mergers and acquisitions, pricing transformations, and launch of new revenue streams
- Lead post-acquisition revenue process integration, including NetSuite ARM and system migrations, and assist with special projects and ad hoc requests as needed
- Align acquired company’s policies, processes, and SOX controls with corporate standards
- Ensure compliance with ASC 606 and internal revenue recognition policies
- Partner with internal and external stakeholders on revenue-related matters
- Identify and resolve potential revenue accounting issues
- Partner with Deal Desk, Sales, Legal, FP&A, Product Management, Business Systems and GL Accounting teams to assess revenue implications of new products, services and go-to-market strategies of acquired companies
- Support automation and system improvements to enhance revenue reporting efficiency and accuracy
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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