C

CoreWeave

Rents GPU cloud computing for AI developers

Treasury Accounting Manager

Full-Time
$127k - $168k+ Discretionary bonus + Equity awards
Senior
Bachelor's, Master's
Dallas, TX, USA
In Person
AccountingFinancial Accounting

About the job

Requirements
  • A bachelor's degree in Accounting is required; a CPA and a master's degree are strongly preferred.
  • At least 6 years of relevant financial accounting and reporting experience.
  • Strong understanding of U.S. generally accepted accounting principles.
  • Experience supporting Sarbanes-Oxley controls and internal or external audit requests.
  • Strong Microsoft Excel skills and experience working with detailed accounting schedules and large data sets.
  • Ability to manage multiple recurring monthly and quarterly close deadlines.
  • Ability to clearly explain accounting topics to cross-functional stakeholders.
  • Ability to coordinate effectively across teams.
  • Comfort working in a fast-paced, evolving environment where responsibilities may change as the business grows.
Responsibilities
  • Manage the day-to-day accounting and operational execution for derivative and hedging transactions, including interest rate swaps, foreign exchange forwards and other foreign currency hedges, cross-currency swaps, and power hedges.
  • Coordinate with Treasury to understand newly executed derivative transactions and ensure they are incorporated into accounting, reporting, and control processes timely and accurately.
  • Prepare and review monthly and quarterly journal entries, account reconciliations, rollforwards, and other supporting schedules related to derivative and hedging activities.
  • Obtain, organize, and maintain trade confirmations, valuation reports, settlement information, counterparty statements, and other supporting documentation for derivative transactions.
  • Prepare and maintain hedge designation and other contemporaneous hedge accounting documentation in accordance with Accounting Standards Codification 815.
  • Perform and document ongoing quantitative and qualitative hedge effectiveness assessments, partnering with Treasury and other stakeholders as needed.
  • Reconcile derivative valuations, settlements, cash activity, and related balance sheet and income statement accounts to third-party and Treasury records.
  • Research accounting matters related to derivatives and hedging and prepare supporting documentation for review by the Senior Manager and Director of Treasury Accounting.
  • Prepare supporting schedules and disclosures related to derivatives, hedging activities, and other financial instruments for the company's Form 10-Q and Form 10-K filings.
  • Maintain and support Sarbanes-Oxley controls over derivatives and hedge accounting processes, including control documentation and audit support.
  • Coordinate monthly meetings between Treasury Accounting and Treasury, including scheduling meetings, developing agendas, tracking open items, and following up on action items.
  • Create and maintain quarterly deliverable packages with Treasury to ensure information required for close, financial reporting, controls, and audit support is received timely.
  • Prepare monthly and quarterly Treasury Accounting flux analyses and coordinate with team members and stakeholders to understand and document significant period-over-period movements.
  • Collaborate with the broader Treasury Accounting team on materials for monthly and quarterly financial close decks and other management reporting.
  • Identify practical opportunities to improve the efficiency and quality of accounting, reporting, documentation, and recurring processes through artificial intelligence initiatives.
  • Support the Treasury Accounting team's enterprise resource planning transition, including process design, data validation, testing, implementation activities, and development of scalable post-implementation workflows.
  • Contribute to continuous improvement, automation, and process optimization initiatives across Treasury Accounting.
  • Collaborate with internal and external auditors during quarterly reviews and year-end audits.
  • Support other treasury-related areas, including debt and original equipment manufacturer financing, as opportunities and business needs arise.
Desired Qualifications
  • Experience with derivative and hedge accounting under Accounting Standards Codification 815 is preferred but not required.
  • A background in public accounting, with Big Four experience preferred, and/or relevant industry experience.

About the company

CoreWeave rents cloud computing to AI labs and businesses that train models and run them in production for research and commercial applications. Its platform combines NVIDIA graphics chips, storage, networking, and software built for demanding AI workloads across connected clusters scaled to fit each project. CoreWeave Forge connects tools for tracking experiments, testing models, and improving AI systems using feedback from production. Customers rent computing capacity through committed contracts or usage charges, while managed services handle the infrastructure needed to keep large workloads running. CoreWeave was founded in 2017 and is headquartered in Livingston, New Jersey.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Livingston, New Jersey

Founded

2017

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Simplify's Take

What believers are saying

  • Demand is compounding: August 2026 results showed CoreWeave quarterly revenue more than doubled to $2.58 billion.
  • Contracts support expansion: CoreWeave reported $104 billion of June 2026 backlog, subject to service delivery.
  • Eligible U.S. employees buy discounted equity: CoreWeave's purchase plan prices shares 15% below the lower opening or closing price.

What critics are saying

  • Customer losses threaten stability: three buyers supplied 72% of CoreWeave's Q2 2026 revenue.
  • Borrowing consumes revenue: CoreWeave's net interest expense reached $640 million in Q2 2026, reported in August 2026.
  • Afton technicians face urgent callouts: CoreWeave requires onsite emergency response within 60 minutes during scheduled on-call shifts.

What makes CoreWeave unique

  • Hardware access stays direct: CoreWeave runs Kubernetes on bare metal, without a virtualization layer.
  • Support skips nontechnical handoffs: CoreWeave says customers reach engineers cross-trained across its stack directly.
  • Top AI labs use CoreWeave: the company says nine of ten leading foundation model providers rely on its cloud.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • Tuition Reimbursement
  • Mental Health Support
  • Family Planning Benefits
  • Paid Parental Leave
  • Hybrid Work Options
  • 401(k) Company Match

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-2%

2 year growth

-2%
Yahoo Finance
Oct 21st, 2026
CoreWeave stock down 56.9% in a year: why waiting until November may pay off

CoreWeave shares have fallen 56.9% over the past twelve months, while the S&P 500 returned 17.4%. The AI cloud company more than doubled its revenue in that time. The stock now trades at $61.12, near its lowest close of the year. The business has swung from a 6.3% operating margin to a 3.0% operating loss. It generated $6.9 billion in operating cash but free cash flow was negative $13.7 billion, and total debt equals 153.2% of market value. Revenue backlog reached $104.2 billion, up 246% year on year. CoreWeave raised its 2026 revenue guide to $12.4 billion to $13.2 billion. Analysts expect third-quarter revenue of $3.62 billion, just above the company's $3.45 billion to $3.6 billion guide. Results are due around November 11, 2026.

Yahoo Finance
Oct 20th, 2026
Cathie Wood buys $8M of CoreWeave after 30% slide, sells $3.6M of Palantir

Cathie Wood's ARK Invest bought about $8 million of CoreWeave (NASDAQ: CRWV) and sold about $3.6 million of Palantir (NASDAQ: PLTR). The trades, made on October 19, involved 132,498 CoreWeave shares bought and 18,349 Palantir shares sold. CoreWeave shares have fallen about 30% in October on worries about its debt, heavy capital spending, and returns on AI infrastructure. Goldman Sachs recently upgraded the stock to Buy. Palantir has risen roughly 55% since its early-August earnings report. Second-quarter revenue grew 93% year over year, but its valuation already reflects much future growth. Goldman also upgraded it this month, with a $230 target. The moves look like a valuation rotation: buying the punished stock and trimming the rewarded one.

Yahoo Finance
Oct 20th, 2026
Cash beats debt: stronger balance sheets sit closer to 52-week highs in all five pairs

Companies with more cash than debt are holding up better as inflation hits 3.7%, the 10-year Treasury yields about 5.1%, and US oil tops $100 a barrel. An analysis of five industry pairs found the stronger company sat closer to its 52-week high in every case. In four, debt made the difference. Microsoft, with $20 billion of net cash, is 1.8% below its high. CoreWeave, with $46 billion of net debt, is 56.3% below. Exxon is 0.4% below its high, against 35.6% for American Airlines. Nucor trails its high by 4.9%, while Celanese trails by 30.8%. Alphabet is down 14.4%, while Charter, with $96 billion of net debt, is down 57.0%. Costco and Nike are the exception: Nike's gap stems from falling sales, not debt.

Yahoo Finance
Oct 20th, 2026
CoreWeave shares fall 24% in a week as 15% debt yields and Fed rate hikes spark bubble fears

CoreWeave shares have fallen 24% in a week to their lowest level since the company's IPO last March. The drop followed a chart posted on X by venture investor Chamath Palihapitiya showing yields on the neocloud operator's debt have climbed as high as 15%. Rising rates hit CoreWeave hard. Fed Chair Kevin Warsh, who took over in May, is fighting inflation that has stayed above the 2% target for five years, and the Fed raised rates at its last meeting. Most of CoreWeave's debt is floating-rate, and it spends roughly a quarter of its revenue on debt service. Demand is strong. Second-quarter revenue rose 112% to $2.58 billion, and backlog stood at $104 billion at the end of June. But the company posted a net loss of $626 million, and it has $10.6 billion of debt due by the end of next year. Earnings are due November 11.

Yahoo Finance
Oct 19th, 2026
Cathie Wood buys CoreWeave despite $52B debt, calling AI fears no sign of a bubble

Cathie Wood's ARK Invest bought CoreWeave (CRWV) shares during a selloff, saying market fear shows AI is not in a bubble. Speaking in Seoul on October 16, 2026, she said the industry is "still in the parking lot before we entered the baseball game." CoreWeave shares are down 23.44% over the past week. The company's second-quarter revenue rose 112.3% to $2.575 billion, and its contracted backlog is near $104 billion. Goldman Sachs upgraded the stock to Buy. Debt is the concern. CoreWeave carries $51.608 billion in total debt, and its free cash flow was -$5.74 billion in the quarter. Its bonds have fallen into distressed territory, and the cost of insuring against default hit a record.