Controller, SmithRx
Next-generation pharmacy benefits
Be an early applicant
Next-generation pharmacy benefits
201-500 employees
Be an early applicant
201-500 employees
Company mission
To reduce the complexity and costs of pharmacy benefits with a cleaner business approach and the industry’s most advanced and flexible technology platform.
Role
Who you are
- Bachelor's Degree in Accounting, Finance, or a related field; CPA required
- 10+ years of accounting experience, including both public accounting and private company experience, and with at least 5+ years experience leading high-performing accounting teams (ideally as a Controller or Assistant Controller)
- Experience in healthcare is preferred
- Startup experience, where you thrived in a fast-paced environment, is preferred
- Excellent analytical and problem-solving skills with a continuous improvement mindset and high attention to detail
- Strong written and verbal communications skills with the ability to articulate complex subject matter to senior leaders and non-financial stakeholders
- Proficient with ERP systems, financial/accounting software, Excel and GSuite
What the job involves
- SmithRx’s Finance team is seeking an experienced Controller to lead our accounting function. This individual will ensure the integrity of financial reporting, direct and streamline all accounting operations, and partner cross-functionally to support strategic decision-making in a fast-paced, high-growth environment.
- The Controller will play a crucial role in scaling our accounting operations while developing a high-performing team
- Oversee all aspects of the accounting function, including general ledger, accounts payable, accounts receivable, payroll, and cash management
- Ensure timely and accurate month-end, quarter-end, and year-end closings, including preparation of financial statements in accordance with GAAP
- Champion automation and efficiency while driving continuous improvement in accounting operations to scale with the Company’s growth
- Manage the implementation and maintenance of financial systems
- Prepare accurate, timely financial statements for management, the Board of Directors, and investors
- Ensure compliance with federal, state, and local regulatory requirements
- Manage external audits, including preparation of audit schedules and liaising with external auditors
- Oversee tax planning and compliance, working closely with external tax advisors
- Evaluate and maintain robust internal controls
- Develop and enforce accounting policies, procedures, and practices
- Mentor and develop a high-performing accounting team
- Coordinate with cross-functional teams to support business initiatives and achieve all Finance and Company-level objectives
Our take
PBMs (Pharmacy Benefit Managers) save payers and patients 40% to 50% on prescription drug and related medical costs in the US, compared to what they would spend without them. It’s generally accepted, though, that PBMs are working for profit and not solely on the customers benefit.
SmithRx is a company looking to reduce complications in the current system with its innovative PBM structure. It uses its cloud-based technology to present the most cost effective options transparently to self-insured businesses, supporting them in getting the lowest cost drugs they can, as well as making the transition to these alternatives seamless.
It does this by partnering with innovative drug companies, as well as applying coupons and making use of available savings and assistance programs. As the company does not take economics from the supply chain, it is able to work for its customers with no hidden agendas. Having recently secured funding, the company is looking towards continued growth as well as pursuing leadership in the sector.
Steph
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
Company
Funding (last 2 of 5 rounds)
Jan 2024
$60m
SERIES C
Mar 2022
$20m
SERIES B
Total funding: $97.5m
Company benefits
- Comprehensive wellness benefits including Medical, Pharmacy, Dental and Vision. We pay up to 90% for you and your family
- Fully paid life insurance and disability benefits
- Paid Parental Leave benefits
- Professional development, training and career growth opportunities
- Generous paid time off
Company values
- Operate With Integrity: Always operate with honesty and transparency so we earn the trust of our clients
- Courage To Transform: Demonstrate the courage needed to take on a broken industry and continuously improve what we offer to optimise health outcomes
- Together We Succeed: Foster a collaborative and inclusive environment that values teamwork, respect, and open communication, and encourages creativity and diversity of thought
Company HQ
South Park, San Francisco, CA
Articles
Leadership
Jake Frenz
(CEO)Previously worked as Director of Plan Operations at CollectiveHealth and Project Director at Anthem Inc.
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