Head of Technical Accounting, CoreWeave

$205-240k

NetSuite
Expert level
New York
San Francisco Bay Area
Remote from US

More information about location

CoreWeave

Specialized cloud provider

Be an early applicant

CoreWeave

Specialized cloud provider

201-500 employees

B2BMachine LearningSaaSCloud Computing

Be an early applicant

$205-240k

NetSuite
Expert level
New York
San Francisco Bay Area
Remote from US

More information about location

201-500 employees

B2BMachine LearningSaaSCloud Computing

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

  • A master's or bachelor’s degree in accounting or finance, CPA is required
  • 10+ years of experience in leading technical accounting, including public accounting (Big Four experience preferred)
  • Strong knowledge of GAAP, SEC regulations, and financial reporting requirements
  • Proven ability to research and interpret complex accounting issues
  • Excellent written and verbal communication skills, with the ability to present technical information clearly and concisely
  • Strong analytical and problem-solving skills, with attention to detail
  • Experience with ERP systems such as Netsuite and financial reporting tools
  • Ability to work independently and manage multiple priorities in a fast-paced environment
  • Experience with IFRS and international accounting standards
  • Prior experience in a technology or software company
  • Strong project management skills and the ability to drive initiatives to completion
  • Applicants must have work authorization that does not require sponsorship from the company now or in the future

What the job involves

  • CoreWeave is searching for a Head of Technical Accounting. The ideal candidate will have a strong background in technical accounting, excellent written and analytical skills, and the ability to work collaboratively in a fast-paced environment
  • This role will ensure compliance with accounting standards, provide technical accounting guidance, and support the company’s financial reporting process, technical accounting, and reporting function
  • Provide technical accounting guidance and support for complex transactions and new business initiatives, such as debt/equity financing, customer contracts, business combinations, and investment accounting, including embedded derivatives analysis
  • Write technical accounting memos for complex transactions, including but not limited to ASC 842, ASC360, ASC 606, ASC 805, ASC 470, ASC 718, ASC815, and ASC323
  • Research, interpret, and implement accounting standards and regulations (GAAP, IFRS)
  • Develop, write, and maintain accounting policies and procedures
  • Work closely with other departments (e.g., Revenue, FP&A, Tax, Legal) to provide accounting expertise and support
  • Serve as a liaison and work with external auditors on technical accounting matters
  • Work with external valuation specialists to ensure complex transaction valuations are completed on a timely basis, including managing all inputs used in those valuations: derivatives valuation, 409A, special transaction valuations, etc
  • Foster a collaborative and high-performance culture within the accounting and finance team
  • Lead, mentor, and develop team members, providing training and development opportunities
  • Monitor the issuance of new FASB pronouncements, advise management of trends and changes in reporting requirements, and recommend and implement the best approach for any changes in reporting
  • Manage and perform ad hoc accounting research that supports accounting consultations for business transactions
  • Lead M&A due diligence and prepare work papers and memos according to ASC805
  • Work with the internal team to implement accounting policies and ensure compliance with internal control and SOX
  • Assist other teams with ad hoc accounting and reporting needs

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Insights

Top investors

194% employee growth in 12 months

Company

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

Funding (last 2 of 5 rounds)

May 2024

$1.1bn

SERIES C

May 2023

$200m

SERIES B

Total funding: $1.7bn

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.

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Steph

Company Specialist at Welcome to the Jungle