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,