Accounting Manager, Color
Office located in Burlingame, CA
Data-driven platform for population healthcare
Be an early applicant
Data-driven platform for population healthcare
501-1000 employees
Be an early applicant
Office located in Burlingame, CA
501-1000 employees
Company mission
To provide a data-driven approach to helping everybody lead their healthiest lives possible.
Role
Who you are
- 5+ years of total accounting experience, with at least 2 years in corporate accounting
- Strong revenue accounting experience, with practical knowledge of ASC 606
- Familiarity with Accounts Receivable, billing, and collections operations
- Cash management, banking, and treasury experience are a plus
- CPA preferred
- Experience in startups strongly preferred; healthcare industry experience is a plus
- Proficiency with NetSuite ERP
- Experience with grant accounting and compliance is a plus
- Skilled at building processes from scratch, designing scalable systems, and improving efficiency
- Strong communicator who can explain complex accounting topics to technical and non-technical stakeholders
- Detail-oriented, process-driven, and relentless in the pursuit of operational excellence
- Comfortable working in a fast-paced, startup environment with evolving priorities
What the job involves
- We are seeking a highly motivated and experienced Accounting Manager to join our dynamic Finance team at Color Health. This role will focus on designing, executing, and scaling best-in-class revenue accounting operations within a high-growth health tech startup environment
- The ideal candidate will be instrumental in building agile infrastructure, ensuring accuracy and compliance in all revenue recognition activities, and contributing to the overall financial health and strategic growth of the company
- Responsibilities include developing and implementing efficient workflows, leveraging technology to automate processes, and providing insightful analysis to support business decisions
- Revenue Accounting: Lead the monthly revenue close process, ensuring timely and accurate revenue recognition in accordance with ASC 606 and other relevant guidance. Manage general ledger activities, reconciliations, and month-end close to ensure timely and accurate financial reporting
- Billing & Accounts Receivable: Own invoicing, collections, and AR management. Focus on improving working capital and customer experience
- Banking & Treasury: Oversee cash management, wires, and treasury operations
- Audit & Compliance: Serve as the primary contact for revenue- and AR-related matters during audits, ensuring high-quality documentation and controls
- Policy & Process Development: Design and implement scalable accounting policies, procedures, and frameworks to support Color’s evolving business model and growth trajectory
- Cross-functional Collaboration: Partner closely with Sales and Legal partners to develop revenue policies and operations
- Systems & Automation: Identify and execute opportunities to automate manual processes, reduce close timelines, and improve data accuracy. Strategic Initiatives: Provide subject matter expertise for special projects, go-to-market initiatives, and business development activity
- Analytics & Insights: Build and maintain high-integrity reporting and analytics to drive visibility into revenue performance, A/R health, and forecasting
Our take
The genetic testing market is hugely promising, with an annual growth rate of over 10%, it’s expected to grow to a $21 billion industry by 2027. Color’s main offering is genetic testing, an increasingly popular preventative healthcare strategy which informs patients about inherited health risks, and puts them in contact with counselors to work on a response plan.
There are plenty of prominent actors in the marketplace, with 23andMe the most well known. However, Color stands out from its competitors by not working in the direct-to-consumer market, but by partnering up with employers, unions and governments to provide population-wide insights. The company’s client list is impressive, including the National Institutes of Health and the State of California, as well as Salesforce, Levis and Visa.
Thanks to a near $170 million series D funding round at the beginning of 2021, the company’s value hit “unicorn” status as it surpassed $1.5 billion. The company’s future growth will be interesting to watch, with the company announcing a new behavioural healthcare solution in October 2022 alongside the acquisition of mental health platform Mood Lifters. In 2024, Color began working with OpenAI on early detection tools for cancer. These developments are in line with Color's aim to build a wider infrastructure for a tech-based public health approach and indicate a push for a future IPO.
Steph
Company Specialist at Welcome to the Jungle
Insights
-36% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Nov 2021
$100m
SERIES E
Jan 2021
$167m
SERIES D
Total funding: $482m
Company benefits
- 💰 Competitive salary
- ✨ Comprehensive medical, dental, vision, life, and disability benefits
- 📈 401k match
- 📝 Monthly phone and wifi stipend for employees
- 🏝 Generous vacation policy, paid holidays and company-wide recharge days
- 🍼 Equal paid parental leave for birthing and non-birthing parents
- 🧬 Four complimentary clinical-grade genetic testing kits for you and your family
Company HQ
Ingold - Milldale, Burlingame, CA
Leadership
Othman Laraki
(CEO & Co-Founder)After an MBA at MIT, they worked at Google as a Product Manager for almost 4 years, prior to co-founding Mixer Labs and working at Twitter and Pinterest. They left this Board role at ESI Group in 2012 to co-found Color in March 2013.
Elad Gil
(Board Member & Co-Founder)They hold a Ph.D. from MIT and has degrees in mathematics and biology from UCSD. Former Product Manager for Google Mobile Maps and was VP at Twitter before co-founding Color.
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