Treasury Lead

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.

• →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

• 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

• 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

• 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

• 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

• 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

• 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

• 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