Senior Accounting Manager, 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
- 8+ years of combined Public and Private company experience in revenue and AR operations
- Startup experience, where you thrived in a fast-paced environment, is a plus
- Experience in healthcare or similar industry knowledge is a plus
- Bachelor's Degree in Accounting, Finance, or a related field
- Working knowledge of ASC 606
- Possesses strong written and verbal communications skills with the ability to articulate complex subject matter to senior leaders and non-technical stakeholders
- High attention to detail with excellent organizational and analytical skills
- Proficient with key financial tools and ERP systems (Sage Intacct preferred) as well as Microsoft Office (Excel)
- Licensed CPA, or CPA licensure in progress
What the job involves
- Evolve and mature cash application and collection processes with automation
- Establish AR aging and DSO goals and track progress
- Lead the maintenance and reconciliation of the AR and revenue cycle accounts, financial statement review, and reporting on a monthly basis along with other month-end close activities
- Prepare analysis of financial and operational metrics, U.S. GAAP reporting, management reporting, and other compliance reporting
- Manage relationships with customers and partners while addressing customer billing issues and questions
- Serve as a subject-matter expert on revenue recognition and related accounting policies under ASC 606, providing business support on their interpretation and application
- Research accounting issues, perform technical accounting analyses, and implement new accounting guidance
- Assist with the annual financial statement audit as well as tax and regulatory filings as needed
- Lead strategic financial projects including implementation of new accounting systems and tools
- Identify, develop, and implement procedural and system changes to increase accuracy, efficiency and controls
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
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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