Senior Associate, Corporate Development

IREN•San Francisco, CA

About The Position

IREN is a vertically integrated AI Cloud provider delivering large-scale data centers and GPU clusters for AI training and inference. It builds, owns and operates data centers powered by 100% renewable energy. As IREN grows its AI Cloud business, the Associate / Senior Associate, Corporate Development will work closely with the Head of AI Ecosystem to shape and execute strategy across the AI ecosystem. The role combines market research, financial analysis and hands-on execution across mergers and acquisitions, strategic investments and commercial partnerships, while contributing to broader go-to-market initiatives. The successful candidate will own analysis and defined workstreams with guidance from senior colleagues. Appointment level will reflect relevant experience and demonstrated capability. Responsibilities include researching AI markets and evaluating strategic opportunities; assessing build, partner, invest and acquire options; sourcing and screening opportunities; developing financial models and business cases; executing diligence and supporting transaction processes; tracking partner initiatives; collaborating across internal teams; and preparing materials for executive and Board discussions. IREN offers a competitive compensation package comprising base salary, annual performance incentives and equity programs, as part of a broader Total Rewards package. Actual compensation depends on experience, qualifications and regional market data, and total compensation may include short- and long-term incentives. Relocation may be available depending on the successful candidate’s circumstances. Benefits include health coverage and wellness resources, retirement and financial wellness offerings, paid time off and holidays, flexible work arrangements, development opportunities, and company events.

Requirements

2–4 years of experience in investment banking, private equity, venture capital, corporate development or technology strategy.
Strong financial modeling, valuation and analytical skills, with experience assessing companies, business models or investment opportunities.
Intellectual curiosity about AI and a working understanding of the cloud and AI ecosystem, with the ability to learn quickly and connect technical developments to commercial economics.
Independent judgment, including the ability to structure unfamiliar questions, test assumptions, develop a clear point of view and revise it as new evidence emerges.
Experience owning analytical projects or defined workstreams, strong attention to detail and a record of delivering accurate work to deadlines.
Clear written and verbal communication, including the ability to turn complex analysis into concise presentations and recommendations.
A proactive, collaborative approach, sound prioritization and confidence working with colleagues and external counterparties, with good judgment about when to seek guidance.
Bachelor's degree in business, finance, economics or a related field.

Nice To Haves

Exposure to AI, cloud computing or enterprise software is advantageous.

Responsibilities

Research the AI market, including business models, competitive dynamics and inference economics, and develop evidence-based views on opportunities for IREN.
Assess build, partner, invest and acquire options, analyzing strategic fit, commercial potential, integration, financial returns and execution risks.
Source and screen potential partners, investment opportunities and acquisition targets; build company profiles and maintain a prioritized opportunity pipeline.
Build relationships across the San Francisco AI ecosystem, working with the team to generate market insight, partnership ideas and investment opportunities.
Build and maintain financial models, valuation analyses and business cases; test key assumptions and communicate implications for investment and partnership decisions.
Execute defined commercial and financial diligence workstreams and support transaction structuring and execution, coordinating with internal teams and external advisers.
Track priority partner initiatives and performance against agreed objectives, helping colleagues identify opportunities, resolve issues and advance joint plans.
Work with Engineering, Operations, Product and Commercial teams on strategic initiatives and go-to-market analysis, translating findings into practical next steps.
Prepare materials for executive and Board discussions on AI strategy, investments and partnerships, clearly explaining the evidence, economics, risks and decisions required.

Benefits

Base salary and annual performance incentives
Equity programs
Relocation, as applicable and based on successful candidate circumstances
Medical, dental and vision insurance coverage, 100% company-paid for employees and 75% company-paid coverage for dependents
Company-paid life and disability insurance
Voluntary life, critical illness and accident coverage
Health Savings Accounts when combined with the High-Deductible Health Plan
Employee Assistance Program and wellness resources
401(k) retirement plan with company match
Financial wellness tools and resources
Paid Time Off and paid holidays
Flexible work arrangements
Opportunities for advancement and internal mobility
Training and personal development opportunities
Company events and team-building activities