Accounting Manager, CoreWeave
GL & Financial Close
$115-153k
This position also includes a discretionary bonus and equity
Specialized cloud provider
Be an early applicant
Specialized cloud provider
201-500 employees
Be an early applicant
$115-153k
This position also includes a discretionary bonus and equity
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, CMA, or equivalent certification (or working towards) preferred
- Has led or has in-depth knowledge of the month-end close process at a mid-to-large sized public company setting
- Thoroughly understands requirements of well-documented SOX compliant work papers
- Strong system and operational accounting experience
- Excellent communication and interpersonal skills, with the ability to work effectively with cross-functional teams
- Solid understanding of US GAAP and financial reporting standards
- Strong analytical and problem-solving skills
- Detail-oriented, highly organized, able to manage multiple priorities in a fast-paced environment, and remain flexible in a dynamic work environment
- Minimum of 5+ years of relevant accounting experience
- NetSuite and FloQast (or other similar) experience is preferred
What the job involves
- The Accounting Manager-GL & Financial Close will report directly to the Financial Close and Reporting Senior Manager and will be responsible for performing a variety of assignments relating to the monthly, quarterly, and annual accounting close
- The Accounting Manager-GL & Financial Close will ensure accurate and timely financial reporting while maintaining compliance with internal policies, US GAAP, and Sarbanes-Oxley (“SOX”) control requirements
- Lead the global month-end, quarter-end, and year-end financial close processes, ensuring all transactions are recorded in a timely and accurate manner while understanding downstream and upstream impacts to avoid potential with the goal being a 5-business day close cycle
- Collaborate with the AP team, FP&A and various departments to gather required information to perform a timely and accurate monthly accrual process
- Assist with daily cash/bank matches when an accountant has questions
- Administer and maintain the close checklists, account reconciliations, and variance analysis within FloQast
- Manage the close checklists and account reconciliations during the close cycle to ensure timely completion and signoffs and provide daily close reporting dashboards to management with close status along with any other pertinent updates
- Perform review of financial statements to ensure accuracy and completeness of financial data
- Ensure all intercompany transactions are properly recorded, eliminated, and reconciled
- Track and maintain out-of-period adjustments and the SAB 99 assessment on a quarterly basis
- Lead month-end, quarter-end, and year-end variance analysis, ensuring that all required periods are compared and that detailed explanations for the fluxes that meet internal thresholds are provided by agreed upon deadlines including following up as necessary for any late items
- Foster a collaborative team environment and ensure strong communication across the accounting team and other departments
- Develop and implement best practices to optimize the accrual and close processes
- Assist with management of the Company’s chart of accounts, financial reporting structure, and key financial reports within the ERP
- Assist, as needed, with various special projects
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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