Director of Structured Finance

About Us At Cloudflare, we are on a mission to help build a better Internet. Today the company runs one of the world’s largest networks that powers millions of websites and other Internet properties for customers ranging from individual bloggers to SMBs to Fortune 500 companies. Cloudflare protects and accelerates any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare all have web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks. Cloudflare was named to Entrepreneur Magazine’s Top Company Cultures list and ranked among the World’s Most Innovative Companies by Fast Company. At Cloudflare, we’re not looking for people who wait for a polished roadmap; we’re looking for the builders who see the cracks in the Internet that everyone else has simply learned to live with. We value candidates who have the instinct to spot a "normalized" problem and the AI-native curiosity to create a solution using the latest tools. Our culture is built on iteration, leveraging AI to ship faster today to make it better tomorrow, while ensuring that every improvement, no matter how small, is shared across the team to lift everyone up. If you’re the type of person who values curiosity over bureaucracy, and that AI is a partner in solving tough problems to keep the Internet moving forward, you’ll fit right in. Available Locations: • New York, NY • San Francisco, CA • Austin, TX About the team The Finance team is a critical pillar of Cloudflare’s success, translating strategy into financial outcomes. Structured Finance is responsible for making sure Cloudflare has the right capital, on the right terms, to keep building one of the world’s largest networks. About the role Cloudflare is looking for a Director of Structured Finance to lead the structuring and execution of financings that support our global network and infrastructure strategy. Our infrastructure spans hundreds of cities worldwide, and as we continue to scale — including the servers, GPUs, and data center capacity that power our network, Workers AI, and our Developer Platform — how we finance that build-out is a strategic lever for the business. You will own financing workstreams end-to-end: structuring, counterparty engagement, term negotiation, documentation, and close. You will partner closely with our Infrastructure, Hardware Sourcing, Treasury, Legal, Accounting, Tax, and FP&A teams to turn infrastructure plans into investable, well-priced transactions. The role will also extend to broader capital markets and capital structure work as the company grows. This is a high-visibility, high-ownership role on a lean team. It combines hands-on transaction execution with financial analysis, relationship building with the financing community, and strategic decision support for senior leadership and the Board. We hold a very high bar on rigor and judgment, and we are AI-native in how we work. What you’ll do Infrastructure and asset financing • Own financing workstreams end-to-end for Cloudflare’s network and data center infrastructure — including equipment and hardware financing, leasing, vendor financing, and other structured solutions — from structuring and counterparty engagement through term negotiation, documentation, and close. • Translate infrastructure requirements and capex plans into clear, investable frameworks and materials for lenders, lessors, and other financing counterparties. • Represent Cloudflare independently in negotiations with external counterparties, exercising sound judgment on risk allocation, collateral, covenants, and commercial terms. • Evaluate lease vs. buy vs. finance trade-offs and recommend the structures that best balance cost of capital, flexibility, and risk. • Build repeatable internal frameworks, playbooks, and processes for evaluating, approving, and executing financing transactions. Capital markets and capital structure • Collaborate with Cloudflare’s Treasury team on the company’s broader capital markets strategy, including debt, convertible, and other structured transactions, and contribute analysis on capital structure, liquidity, and cost of capital. • Develop and maintain a credible network of financing counterparties — banks, private credit funds, private equity, lessors, infrastructure investors, and OEM/vendor finance teams. • Monitor market conditions, pricing, and emerging financing structures, and bring new ideas to leadership. Modeling, analysis, and decision support • Build and maintain rigorous financial models supporting transaction structuring, pricing, returns, and capital allocation decisions. • Prepare analysis and materials that distill complex financing decisions into clear recommendations for the CFO, senior leadership, and the Board. • Partner with Accounting, Tax, and Legal on accounting treatment (e.g., lease classification), tax implications, disclosure, and documentation. Cross-functional partnership and execution • Partner with Infrastructure, Sourcing, Treasury, Legal, and leadership teams to keep transaction terms aligned with network build-out plans and broader company priorities. • Own post-close management of financing arrangements, including covenant compliance, reporting obligations, and ongoing counterparty relationships. • Use AI-native tooling and automation to scale the function — models, trackers, and workflows that let a small team operate with speed and accuracy. Examples of desirable skills, knowledge and experience • 10+ years of experience across structured or project finance, infrastructure investing, private credit, equipment leasing, private equity, investment banking, and/or corporate capital markets — ideally including time in-house at a high-growth technology or infrastructure company. • A track record