Operations Accounting Manager-Leases & Fixed Assets

CoreWeave is the AI Hyperscaler™, delivering a cloud platform of cutting edge services powering the next wave of AI. Our technology provides enterprises and leading AI labs with the most performant, efficient and resilient solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers covering every region of the US and across Europe. CoreWeave was ranked as one of the TIME100 most influential companies of 2024.

As the leader in the industry, we thrive in an environment where adaptability and resilience are key. Our culture offers career-defining opportunities for those who excel amid change and challenge. If you’re someone who thrives in a dynamic environment, enjoys solving complex problems, and is eager to make a significant impact, CoreWeave is the place for you. Join us, and be part of a team solving some of the most exciting challenges in the industry.  

CoreWeave powers the creation and delivery of the intelligence that drives innovation. 

We are seeking an Operations Accounting Manager-Lease & Fixed Assets who will play a critical role supporting the accounting function at CoreWeave, Inc.  This role will report to the Senior Accounting Manager and will be a part of the team that is critical to the company’s financial reporting  process. 

As an Operations Accounting Manager-Leases & Fixed Assets, you'll be responsible for supporting the ongoing development, management and administration of our global data center lease obligations by abstracting and maintaining accurate lease data in an internal database and producing recurring and ad hoc reports to asset managers, negotiators, partner teams and leadership. In addition, individuals will be responsible for understanding project accounting for the build-out of the global data centers as they become operational.

In this role, you will be responsible for all activities post agreement (lease) signature,manage the ongoing obligations that result out of these third-party agreements, and ensure proper capitalization of fixed assets that supply capacity into the overall CoreWeave space/power portfolio. You will work with internal and external cross-functional partners, across time zones, and geographical borders.

Key Responsibilities

• Review contracts to determine ASC842 lease application and prepare and track lease schedules, payments, and reconciliation. 
• Lead and own the monthly financial close process for operating and finance leases. 
• Identify contract variations that could impact lease accounting under Financial Accounting Standards Board Accounting Standards Codification 842, Leases (“ASC 842”).
• Manage accounting components of the lease portfolio, such as extensions, amendments, or terminations.
• Work closely with the Lease Administration team to set up and maintain lease projects.
• Ensure that lease transactions are recorded accurately, consistently and within company policy.
• Prepare lease amortization schedules for accuracy and completeness.
• Prepare key period-end lease / CIP reconciliations.
• Prepare lease / CIP accounting journal entries.
• Determine the proper handling and ensure timely resolution of discrepancies/outstanding items on account reconciliations.
• Provide balance sheet account movements to support cash flow reporting.
• Collaborate with key-cross-functional partners including finance, legal, data analytics, data center operation, inventory management to ensure key stakeholders are informed. 
• Identify opportunities to improve efficiency in the current processes and lead enhancements, both manual and automation opportunities, including identifying existing functionalities not being fully utilized.
• Own the development and maintenance of lease and fixed asset policies, as well as evaluation of contracts that may contain leases, including consultation with the SEC Reporting/Technical Accounting team on an as-needed basis. Document accounting conclusions for significant contracts evaluated in accounting memos.
• Assist SEC Reporting/Technical Accounting team in preparing quarterly and annual footnote disclosures in Form 10-Q/10-K.
• Interface with internal and external auditors, including providing appropriate supporting documents.
• Support ongoing implementation and testing efforts related to new and enhancements made to existing financial systems.
• Maintain documentation for processes to ensure compliance with Sarbanes Oxley 404 requirements and evaluate current processes for improvement. Ensure compliance with the Company’s internal controls over financial reporting.
• Ad hoc projects assigned by senior management including analysis of business operations, proposed accounting treatment of unusual transactions or other accounting and finance related matters.