Staff Accountant, Spring Health
$59.2-74k
+ Stock options
Personalized mental healthcare
Open for applications
Personalized mental healthcare
1001+ employees
Open for applications
$59.2-74k
+ Stock options
1001+ employees
Company mission
To eliminate every barrier to mental health.
Role
Who you are
- The ideal candidate will have a strong attention to detail, excellent analytical skills, and a solid understanding of accounting principles related to revenue recognition
- Bachelor's degree in Accounting or Finance
- 1-2 years of experience in revenue accounting or related fields
- Knowledge of ASC 606 and revenue recognition principles
- Proficiency in accounting software and advanced Excel skills, Netsuite experience is preferred
- Excellent analytical and problem-solving abilities
- Strong communication and interpersonal skills
- Attention to detail and ability to work independently
- Prior experience with Salesforce is a plus
- Ability to work in a fast paced, start-up environment and thrives on challenges
What the job involves
- The Staff Accountant is responsible for assisting with the management and reporting of the company’s revenue
- This role includes processing and recording revenue transactions, ensuring accuracy in reporting, and compliance with accounting standards
- Ensure accurate and timely recording of revenue in accordance with Generally Accepted Accounting Principles (GAAP) and company policies
- Review and analyze contracts for proper revenue recognition treatment
- Assist in the preparation and analysis of monthly, quarterly, and annual revenue reports
- Participate in the month-end close process, including preparing journal entries, account reconciliations, and variance analysis
- Ensure all revenue-related accounts are reconciled and discrepancies are resolved promptly
- Reconcile balance sheet accounts, identify and correct errors and prepare reconciliation for management review on a monthly basis
- Review customer invoices to ensure accuracy and completeness
- Support Billing to identify billing errors, resolve billing discrepancies and respond to customer inquiries related to billing and revenue
- Assist in internal and external audits, providing necessary documentation and support
- Ensure compliance with internal controls and accounting policies
- Perform revenue analysis to identify trends, variances, and opportunities for improvement
- Prepare detailed revenue reports and present findings to management
- Work closely with sales, Revenue Operations, and Customer Success to ensure accurate revenue reporting and resolve issues
- Provide support to other finance team members as needed
- Complete monthly financial close within 5 business days
- Ensure monthly revenue recognition is accurate, minimize the number of audit findings and correction
- Reconcile balance sheet accounts on time on a monthly basis
- Support on audit and ensure audit is completed by on time
- Encourages proactive enhancement of accounting processes
Our take
Large companies often provide employees with mental health services, but small businesses find it challenging to offer similar support. Additionally, existing support systems are usually generalized, failing to deliver the personalized mental healthcare that individuals need. To address this gap, Spring Health has developed AI-driven tools for employers to create tailored mental wellness plans for their employees, including treatment options, daily routines, and medication plans based on individual data.
Spring Health has recently expanded its services to the family and pediatric space through the acquisition of Weldon, offering mental wellness guidance to parents. This expansion includes chats with therapists, social workers, and parenting coaches, as well as group support with other parents and access to educational content. By focusing on personalized care, Spring Health aims to enhance mental wellness support for families alongside its existing employee services.
The behavioral health market is projected to grow to $242B by 2027. While many solutions prioritise fast access to therapy or meditation, Spring Health differentiates itself by emphasizing the right type of care for each individual. With substantial funding raised, Spring Health is well-positioned to continue its innovative approach to mental health services.
Freddie
Company Specialist
Insights
Company
Funding (last 2 of 8 rounds)
Jul 2024
$100m
SERIES E
Apr 2023
$71m
LATE VC
Total funding: $465.1m
Company benefits
- Health, Dental, Vision benefits start on your first day at Spring Health. You and your dependents also receive an individual One Medical account which is valued at $199/year per user. HSA and FSA plans available
- A yearly allotment of no cost visits to the Spring Health network of therapists, coaches, and medication management providers for you and your dependents
- 10 allocated sick days per year
- Flexible paid time off in addition to 12 paid holidays throughout the year
- Access to Gympass, an on-demand virtual benefit that provides wellbeing coaching, and budget management
- Spring Renewal: When you hit your four-year Springaversary, you’ll be awarded a four week, fully paid, sabbatical leave to renew and recharge
- 4-4.5 months of fully paid parental leave
- Spring Health provides team members and their families with sponsored access to Bright Horizons® child care, back-up care, and elder care
- Access to fertility care support through Carrot, in addition to $4,000 reimbursement for related fertility expenses
- Our People team benchmarks all salaries using the Radford Global Compensation Database for technology and life sciences industries. Radford benchmarks salaries with 3,589 global firms, 6.5 million employees, and 98 countries across the globe. We do this to ensure all of our team members are paid equally and competitively
- On top of competitive and benchmarked salary, Spring Health offers incentive pay (based on role), and equity that begins vesting as we celebrate your first year with the company!
- Employer sponsored 401(k) match of up to 2% after 90 days of employment
- Flexible work arrangements: 66% of Spring Health team members work fully remote while 33% work in a hybrid model from our New York City offices
- Focus Fridays: no meetings, no distractions, just time for you to get work done
- Focus Weeks: In Spring 2023, we held our first ever Focus Week, we canceled all non-essential meetings, minimized distractions, and you, our team members, to dive into the key work that gets chopped up or deprioritized during the regular day-to-day. We saw a 36% jump in the average energized score after those five days of flow state work and are finalizing a plan for quarterly Focus Weeks for team members
- Up to $1,000 Professional Development Reimbursement per calendar year
- $200 per year donation matching to support your favorite causes
Company values
- Members come first
- Move fast to change lives
- Take ownership
- Embrace diverse teams & perspectives
- Science will win
- Candor with care
Company HQ
Flatiron District, New York, NY
Articles
Founders
Adam Chekroud
(Co-Founder)Previously President of The Oxford Guild Business Society for 2 years and Researcher at FMRIB Centre - University of Oxford for 1 year.
April Koh
(Co-Founder & CEO)Previously Chief Product Officer & Co-Founder at Spylight for 1 year. Also worked in the Product Management Department at Shazam for 5 months.
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