Senior Revenue Accountant, Virta Health
$70.5-91k
+ Equity
More information about location
Diabetes reversal & weight loss treatments
Be an early applicant
Diabetes reversal & weight loss treatments
501-1000 employees
Be an early applicant
$70.5-91k
+ Equity
More information about location
501-1000 employees
Company mission
To reverse metabolic disease in one billion people
Role
Who you are
- Bachelor’s degree in accounting or finance; 3+ years of relevant accounting experience; CPA or progress toward CPA preferred
- Working knowledge of U.S. GAAP and revenue accounting principles, including familiarity with ASC 606, with the ability to apply established policies and procedures to recurring accounting activities
- Experience preparing journal entries, accruals, reconciliations, and supporting schedules, with strong attention to detail and the ability to work accurately with large data sets
- Strong analytical and problem-solving skills, with the ability to independently manage recurring processes and small-to-medium projects, identify improvements, and flag issues early
- Proficient in Microsoft Excel and comfortable learning ERP, revenue, and reporting tools such as NetSuite, Zuora, Looker, or similar; clear communicator with strong organization and documentation skills
What the job involves
- This is a hands-on role at the center of Virta's revenue accounting operations
- You’ll build a strong understanding of how billing activity, accounting estimates, receivables, and supporting data flow through the revenue cycle and financial statements
- You’ll also have opportunities to strengthen recurring processes, learn our systems, and contribute to automation and process improvements as the business grows
- Prepare recurring revenue close activities, including journal entries, accruals, reconciliations, supporting schedules, and related documentation; investigate variances and resolve routine reconciling items to maintain accurate financial records
- Apply established revenue accounting policies and methodologies to recurring transactions and estimates, researching routine questions and escalating non-standard or judgmental matters as appropriate
- Maintain recurring revenue reporting and supporting system data, perform completeness and accuracy checks, and flag data quality or reporting issues for follow-up
- Help develop and maintain monthly controls and reconciliations for accounts receivable to ensure completeness and accuracy of accounts receivable balance in NetSuite
- Support recurring accounting estimates, customer-related adjustments, and other revenue calculations using established methodologies and maintain clear supporting documentation
- Support quarterly reviews and the annual audit by preparing schedules, reconciliations, and documentation and responding to routine requests
- Identify and help implement practical improvements to assigned processes, including opportunities to improve accuracy, timeliness, documentation, automation, or control
- Communicate progress, issues, and dependencies proactively; maintain clear process documentation and collaborate effectively with teammates and cross-functional partners
- Within your first 90 days at Virta, we expect you will do the following:
- Take ownership of assigned recurring revenue close activities, including journal entries, accruals, reconciliations, supporting schedules, and related documentation
- Develop a clear understanding of Virta’s revenue cycle, accounting policies, systems, reporting, and key dependencies and begin independently performing assigned recurring processes
- Build strong working relationships with the Revenue team and key partners, support recurring audit and accounting requests, and identify one practical improvement to an assigned process
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 other platforms serve similar markets, the large number of prediabetic and diabetic Americans presents a significant opportunity for growth. The company is well-funded and continues to expand the reach of its telehealth-powered diabetes reversal treatment - positioning itself for widespread adoption as it addressies 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
(CEO & Co-Founder)Worked on Microsoft’s strategy team for MS Office, and as a consultant for McKinsey & Company. 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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