Senior Manager of Equity Accounting and Stock Administration, CoreWeave
$165-185k
3+ days a week in office (Sunnyvale, CA)
Specialized cloud provider
Be an early applicant
Specialized cloud provider
201-500 employees
Be an early applicant
$165-185k
3+ days a week in office (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
- The ideal candidate will possess a robust background in equity accounting and stock administration, with strong written and analytical skills, and the ability to thrive in a dynamic, fast-paced environment
- A master's or bachelor’s degree in accounting or finance, CPA is required
- 8+ years of experience in leading technical accounting, including public accounting (Big Four experience preferred)
- Strong knowledge of GAAP, equity compensation, 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
What the job involves
- This role is critical in ensuring compliance with accounting standards, providing expert guidance on equity accounting, and supporting the company’s financial reporting processes
- Develop, document, and maintain policies and procedures related to Equity Compensation and Equity Accounting
- Serve as a subject matter expert of ASC718 and coordinate with internal and external auditors to provide necessary documentation and support during audits
- Lead a cross-functional team to research, select, implement, and transition stock administration systems
- Generate detailed reports and analyses on equity compensation, including dilution, expense forecasting, and financial statement disclosures
- Collaborate with the SEC Reporting team in the preparation and review of public filings, ensuring full compliance with regulatory requirements
- Calculate quarterly and annual weighted average basic and diluted shares for EPS
- Write technical accounting memos for complex transactions, such as strategic investment, Variable interest Entities (VIE), Consolidation etc
- Work closely with other departments (e.g. FP&A, HR, Legal, Tax) to provide Equity forecast, accounting expertise and support
- Partner with external valuation specialists to ensure timely completion of complex transaction valuations, 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 opportunity for training and development opportunities
- Research, interpret, and implement accounting standards and regulations (GAAP, IFRS)
- Monitor new FASB pronouncements, advise management on trends and changes in reporting requirements, and recommend and implement the best approach for any necessary reporting changes
- Manage and perform ad hoc accounting research that supports accounting consultations for business transactions
- Successful candidates will be expected to attend onboarding training at our NJ Headquarters within their first several weeks of employment, with subsequent quarterly travel requirements of 1 week duration
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
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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