Treasury Lead

Lightning AI•San Francisco, CA

1d•Hybrid

About The Position

Lightning AI is seeking a Treasury Lead to establish and scale key treasury accounting, reporting, and control processes. This role is crucial for supporting treasury activities related to financing, investments, vendor obligations, cash management, hedging, and financial reporting. The Treasury Lead will collaborate with various departments including Finance, Accounting, Legal, Tax, Infrastructure Operations, Accounts Payable, and external auditors to ensure accurate reporting, robust controls, and scalable treasury processes. This is a high-impact position for an individual with strong technical accounting knowledge and an operational focus, responsible for evaluating complex financing structures, supporting accounting conclusions, maintaining documentation, and enhancing the control environment. The role offers significant leadership visibility and directly contributes to capital allocation, infrastructure growth, audit readiness, and financial accuracy.

Requirements

Bachelor's degree in Finance, Accounting, Business Administration, or a related field
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

Nice To Haves

CTP, CFA, or MBA strongly preferred
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

Responsibilities

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
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
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
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
Support the first-year audit on treasury-related areas
Communicate treasury matters clearly to non-treasury stakeholders across Finance, Accounting, FP&A, Legal, Tax, Infrastructure Operations, and the executive team

Benefits

Competitive base salaries and equity with a 25% one year cliff and monthly vesting thereafter
Equitable benefits across the globe through EOR for international employees
Medical, dental and vision
Life and AD&D insurance
Flexible paid time off including winter closure
Paid family leave benefits
$500 one time home office stipend
$1,000 annual learning & development stipend
100% Citibike membership (NYC only)
$45/month gym membership
Additional various medical and mental health services