Treasury Lead

Who We Are

Lightning AI is the company behind PyTorch Lightning. Founded in 2019, we build an end-to-end platform for developing, training, and deploying AI systems—designed to take ideas from research to production with less friction.

Through our merger with Voltage Park, a neocloud and AI Factory, Lightning AI combines developer-first software with cost-efficient, large-scale compute. Teams get the tools they need for experimentation, training, and production inference, with security, observability, and control built in.

We serve solo researchers, startups, and large enterprises. Lightning AI operates globally with offices in New York City, San Francisco, Seattle, and London, and is backed by Coatue, Index Ventures, Bain Capital Ventures, and Firstminute.

The Way We Work

The people who thrive here are builders who move fast, communicate openly, take ownership, and continuously improve themselves, their teams, and our company. Here's what that looks like in practice:

• Move with Urgency: We move quickly, make thoughtful decisions, and keep momentum. We value action over perfection and learn by shipping.
• Take Ownership: We own outcomes, not just our individual work. We make decisions that move the company forward and follow through.
• Communicate Openly: We communicate directly, seek to understand, and create clarity for others. Honest conversations help us move faster together.
• Build Great Teams: We lead by example, empower others, and create healthy teams where people can do their best work.
• Raise the Bar: We're always improving ourselves. We learn from feedback, consistently challenge ourselves to grow, and focus on the work that matters most.
• Think Long-Term: We design for what's next. We create scalable systems, simplify complexity, and use AI and automation to amplify our impact.

 

WHAT WE’RE LOOKING FOR

We are looking for a Treasury Lead to own and scale key treasury accounting, reporting, and control processes as Lightning grows. You will play a critical role in supporting treasury-related activities across financing arrangements, capital investments, vendor obligations, cash management, hedging, and financial reporting. This role will partner closely with Finance, Accounting, Legal, Tax, Infrastructure Operations, Accounts Payable, and external auditors to ensure accurate reporting, strong controls, and scalable treasury processes.

This is a high-impact role for someone who combines strong technical accounting knowledge with an operational mindset. You will help evaluate complex financing structures, support accounting conclusions, maintain documentation, and strengthen the control environment around treasury activities. The treasury scope is deep, leadership visibility is high, and the work directly supports capital allocation, infrastructure growth, audit readiness, and financial accuracy.

This is a hybrid role based in San Francisco with in-office requirements of 2 days per week. 

WHAT YOU'LL DO

Build and own the treasury function

• Stand up Lightning AI's treasury operating model across the multi-entity group
• Establish treasury policies, controls, signature authorities, and procedures from the ground up
• Select and implement the treasury management system (TMS) and integrate it with NetSuite and the company's banking infrastructure
• Develop the multi-year treasury roadmap, including process design, automation priorities, and FTE buildout

Cash management and banking

• Own daily cash positioning, short-term liquidity forecasting, and intercompany cash movement across the entities
• Own the 13-week operational cash forecast on a weekly cadence, and partner with FP&A on the 12-month and long-range cash forecast — providing the cash-conversion layer that translates the operating plan into liquidity outcomes
• Manage banking relationships, account structure, and bank fee analysis; rationalize the post-merger banking footprint
• Oversee the payment operations partnership with Accounts Payable, including wire and ACH controls and fraud prevention

Debt, vendor financing, and covenant compliance

• Manage existing debt facilities, vendor financing, and equipment financing across the group, including draw and repayment schedules, interest, and fees
• Lead negotiation and execution of new vendor financing arrangements with hardware OEMs in support of GPU and data center capex
• Build and operate the covenant compliance reporting cadence, including financial covenants, reporting covenants, and lender notification requirements
• Partner with Strategic Finance on debt structuring, refinancing, and new capital raises

Risk management

• Establish counterparty risk monitoring across banks, vendors, and lenders
• Assess and execute FX hedging where exposures arise — currently limited, expanding as the business scales
• Coordinate the insurance program with Legal and Operations

Investment and capital structure

• Manage corporate cash investment policy and execution within board-approved guidelines
• Support capital structure analysis and optimization in partnership with Strategic Finance
• Provide treasury input on operating model design and entity structure decisions

Audit and cross-functional partnership

• Partner with the Technical Accounting team on the accounting treatment of treasury transactions — debt, vendor financing, derivatives, embedded features — providing the operational facts and documentation that support their technical conclusions
• Support the first-year audit on treasury-related areas, including cash confirmations, debt and financing schedules, covenant compliance documentation, and counterparty letters
• Communicate treasury matters clearly to non-treasury stakeholders across Finance, Accounting, FP&A, Legal, Tax, Infrastructure Operations, and the executive team

WHAT YOU'LL NEED

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field; CTP, CFA, or MBA strongly preferred
• 8+ years of progressive treasury experience, with a mix of corporate treasury and ideally banking or capital markets exposure
• Strong command of corporate cash management, banking operations, and short-term liquidity forecasting
• Hands-on experience managing debt facilities and vendor or equipment financing arrangements, including covenant compliance
• Experience selecting, implementing, or substantially upgrading a treasury management system
• Track record of building treasury infrastructure — policies, controls, banking architecture, and reporting cadences — in a high-growth or post-merger environment
• Comfort with capex-heavy, capital-intensive business models, and a working understanding of how vendor financing, equipment financing, and asset-backed structures operate in practice
• Strong analytical skills with exceptional attention to detail, accuracy, and documentation quality
• Excellent written and verbal communication, with the ability to brief executives and translate treasury for non-treasury audiences
• Track record of cross-functional partnership with Accounting, FP&A, Legal, Tax, banks, lenders, and external advisors
• Bias toward building rather than maintaining; comfort operating in a fast-paced, foundation-building environment

Particularly strong candidates will bring:

• Prior treasury experience at a high-growth AI, cloud, infrastructure, or other capex-intensive technology company
• Direct experience negotiating vendor financing with hardware OEMs
• Experience supporting a first-year audit or significant treasury remediation
• Multi-entity treasury experience, including post-merger cash and banking integration
• Working knowledge of derivatives and hedge accounting concepts at an operational level — technical accounting is handled by the Corporate Accounting team

We are committed to offering competitive compensation that reflects the value each team member brings to our mission. Final offers are based on factors such as experience, skills, geographic location, and role expectations. In addition to base salary, our total rewards package for eligible roles includes a discretionary bonus, a meaningful equity component, and comprehensive benefits.

The anticipated annual base salary range for this role is:$180,000—$220,000 USD

Benefits and Perks

We offer a comprehensive and competitive benefits package designed to support our employees’ health, well-being, and long-term success:

• Comprehensive Health Coverage: Medical, dental, and vision coverage for employees and eligible dependents.
• Meaningful Equity: RSUs that give employees a stake in the company's long-term success.
• Retirement Savings: 401(k) matching (U.S.) and pension contributions (U.K.).
• Flexible Time Off: Unlimited PTO, company holidays, and floating holidays to support work-life balance.
• Company-Wide Winter Break: Two weeks of company closure each winter to disconnect and recharge.
• Paid Parental & Family Leave: Paid leave to support you and your family through life's important moments.
• Professional Development: Annual learning and development allowance to support your professional growth.
• Wellness Benefits: Wellness and work-from-home stipends to support your physical and mental well-being.
• Sabbatical Program: Four weeks of paid sabbatical leave after four years of service.
• Flexible Work: Flexible schedules and a hybrid work model for our office-based teams.
• In-Office Meals: Complimentary meals at our office hubs.

Benefits may vary by location, team, and role.

At Lightning AI, we are committed to fostering an inclusive and diverse workplace. We believe that diverse teams drive innovation and create better products. We provide equal employment opportunities to all employees and applicants without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other protected characteristic. We are dedicated to building a culture where everyone can thrive and contribute to their fullest potential.