Posted on 
Sep 16, 2024

Senior Manager, Equity Accounting and Stock Administration

Sunnyvale
Mid-Senior ICs
Finance, Administration
CoreWeave
CoreWeave
CoreWeave
Private
101-250
Software, Security & Developer Tools

CoreWeave is a specialized cloud provider focused on GPU accelerated use cases including VFX, AI/ML, Batch Processing and Real Time Experiences. We support countless AI/ML services in the text to image, NLP and broader AI/ML space, reducing client’s infrastructure management requirements with our Kubernetes based serverless GPU cloud offerings.

Job Description

About the Role:

CoreWeave is seeking a Senior Manager for Equity Accounting and Stock Administration. 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. This role is critical in ensuring compliance with accounting standards, providing expert guidance on equity accounting, and supporting the company’s financial reporting processes.

Key responsibilities:

  • 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.

Requirements:

  • 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.

Our compensation reflects the cost of labor across several US geographic markets. The base pay for this position ranges from $165,000-$185,000. Pay is based on a number of factors including market location and may vary depending on job-related knowledge, skills, and experience.

About the Role:

CoreWeave is seeking a Senior Manager for Equity Accounting and Stock Administration. 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. This role is critical in ensuring compliance with accounting standards, providing expert guidance on equity accounting, and supporting the company’s financial reporting processes.

Key responsibilities:

  • 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.

Requirements:

  • 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.

Our compensation reflects the cost of labor across several US geographic markets. The base pay for this position ranges from $165,000-$185,000. Pay is based on a number of factors including market location and may vary depending on job-related knowledge, skills, and experience.

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Sunnyvale
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Finance
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Administration
Administration
In-Person
In-Person