Senior Accountant, Virta Health
Revenue
$83.7-95.7k
More information about location
Diabetes reversal treatment
Be an early applicant
Diabetes reversal treatment
501-1000 employees
Be an early applicant
$83.7-95.7k
More information about location
501-1000 employees
Company mission
To reverse diabetes and obesity in one billion people.
Role
Who you are
- Bachelor’s degree in accounting or finance
- 3-4 years of relevant experience, preferably with a mix of public accounting and industry experience
- CPA preferred
- Deep understanding of ASC 606 and complex revenue arrangements
- Prior experience supporting revenue operations or quote-to-cash processes in a SaaS or healthcare setting preferred
- Demonstrated ability to read, interpret, and analyze financial contracts and statements
- Proven track record in implementing or improving automated solutions, including exposure to AI-enabled tools
- Strong problem-solving and analytical skills
- Proficient in Microsoft Excel and revenue accounting tools (e.g., NetSuite, Zuora, or similar)
- Comfortable working in a fast-paced, remote-first environment
- Highly organized and detail oriented
What the job involves
- Own a portion of the revenue close process, including preparation of revenue-related journal entries, reconciliations, and financial statement analyses
- Ensure timely and accurate revenue recognition in accordance with ASC 606 and internal policy
- Collaborate cross-functionally with Sales, Strategic Finance, Legal, and Operations to ensure contracts and amendments are properly evaluated and accounted for
- Support the implementation and enhancement of systems and processes that automate revenue recognition
- Support the preparation of audit documentation and support external auditors during quarterly reviews and the annual audit
- Analyze monthly, quarterly, and annual revenue fluctuations, ensuring completeness and accuracy of results
- Provide ad hoc analyses and reporting to support strategic decision making
- Drive continuous process improvements with a focus on scale, automation, and integration of artificial intelligence where appropriate
- Assist the Accounting team as needed with ad hoc tasks and projects
- Within your first 90 days at Virta, we expect you will do the following:
- Take full ownership of a portion of the revenue recognition process, including related controls and documentation
- Collaborate with cross-functional stakeholders to ensure the revenue cycle is fully understood and appropriately supported
- Contribute to the implementation of automation tools and artificial intelligence to streamline revenue accounting and billing operations
Our take
Much of the care for type 2 diabetes has been based on control and prevention, rather than a direct reversal of the issue. Virta Health is changing that, providing patients with personalized treatment plans, virtual monitoring and patient care.
Instead of depending upon medication, which often needs to be increased over time, the company is tackling the problem at its root and taking a fundamentally different approach that is better for the patient, and more economical for insurers. Among enrolled patients in its clinical trial at one year, 60% achieved diabetes reversal.
While platforms like Vida Health also serve similar markets, the large number of prediabetic (88M) and diabetic (30M) Americans presents a significant opportunity for growth. Along with its significant funding round in 2021 fueling its efforts to expand the reach of its telehealth-powered diabetes reversal treatment. Positioning the company for widespread adoption and continued success in addressing this critical healthcare challenge.
Steph
Company Specialist at Welcome to the Jungle
Insights
4% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Apr 2021
$133m
SERIES E
Dec 2020
$65m
SERIES D
Total funding: $373m
Company benefits
- Remote-first work environment with ability to work from home
- Flexible work hours & time off policy
- Virta pays 99% of all employee health insurance premiums, and 75% for all dependents
- Up to 16 weeks paid parental leave
- Enroll in the Virta treatment for free and give a discount to friends and family
- Internet, home office, learning & development stipends
- Employee Resource Groups like Parents of Virta, Ladies of Virta, and Virtans for DEI
- 401K and ROTH contribution opportunities
Company HQ
Civic Center, Denver, CO
Leadership
Sami Inkinen
(Co-Founder & CEO)Worked on Microsoft’s strategy team for MS Office, and as a consultant for McKinsey & Company within the software, telecommunications, and government sectors. Co-founder of online real estate marketplace Trulia, serving as its COO until its IPO and eventual sale to Zillow Group.
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