Director of Strategic Finance, Virta Health
$195-240k
+ Offers equity + Offers bonus
Diabetes reversal treatment
Job no longer available
Diabetes reversal treatment
501-1000 employees
Job no longer available
$195-240k
+ Offers equity + Offers bonus
501-1000 employees
Company mission
To reverse diabetes and obesity in one billion people.
Role
Who you are
- 10+ years of finance experience, including experience at a leading technology or healthcare company. Experience at a publicly traded company is a plus
- Deep financial planning and modeling experience – ability to analyze financial data, create financial models, generate financial forecasts and play an important role in driving key business initiatives
- You are fluent and interested in accounting as well as financial planning and analysis, and comfortable working in systems
- Excellent verbal and written communication skills. Able to package and present complex analysis and recommendations clearly. Experience in presenting Board level analyses
- Mastery of Excel and Google Office Suite; experience with NetSuite and planning tools such as Pigment, Anaplan, or Adaptive Insights are a plus
- Undergraduate degree in finance, economics or a quantitative discipline
- You put people first and take care of yourself, your peers, and our patients equally
- You have a strong sense of ownership and take initiative while empowering others to do the same
- You prioritize positive impact over busy work
- You have no ego and understand that everyone has something to bring to the table regardless of experience
- You appreciate transparency and promote trust and empowerment through open access of information
- You are evidence-based and prioritize data and science over seniority or dogma
- You take risks and rapidly iterate
What the job involves
- The Director, Strategic Finance is an integral member of the company’s Strategic Finance team, and is responsible for providing timely, relevant, and accurate reporting and analysis of financial and operating performance
- This is a high impact role on the finance team supporting key strategic initiatives, generating insights into business performance, and providing Virta’s leadership team with effective decision-making support
- Prepare detailed budgets and forecasts, working closely with internal stakeholders to set targets and goals
- Be an expert in Finance on all Tech & Ops and Provider spend, setting annual budgets, creating detailed and accurate monthly reporting and maintaining a rolling forecast to make sure leadership has clear visibility into resource deployment
- Partner deeply with your cross-functional counterparts to continually understand their current roadmap and ensure that they are adequately resourced to execute that plan, supporting their freedom to make tradeoffs in spend allocations to maximize outcomes
- Evaluate the unit-economics of new products & features and their impact to the overall company financials in order to inform operational strategy
- Dive deep into our operations and understand drivers of costs to both accurately forecast future trends and identify opportunities for optimization
- Within your first 90 days at Virta, we expect you will do the following:
- Establish strong working relationships with relevant stakeholders across the organization
- Help manage the Virta planning and forecasting process
- Optimize planning systems and processes, as needed
- Assist on strategic projects as needed
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
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 values
- People first - We take care of ourselves, our peers, and our patients equally
- Ownership - We empower our employees to do work that matters, and give our people autonomy to do their best work
- Impact - We focus on the important small steps to create the greatest positive impact. We prioritize impact over busy work
- No ego - We believe everyone has something to teach, and everyone has something to learn
- Transparency - Trust and empowerment are promoted through open access to information. We have integrity in everything we do
- Evidence-based - We follow the evidence, and prioritize data and science over seniority and dogma
- Risk taking & rapid iteration - We test, learn and repeat quickly: a failed test is a chance to learn. Progress is never sacrificed for perfection
Company HQ
Civic Center, Denver, CO
Articles
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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