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. 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 either New York City or San Francisco with in-office requirements of 2 days per week. The salary range for this role is $185,000–$200,000 . 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 stru