Accounting Associate at ParetoHealth

Philadelphia, Pennsylvania, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

NoVisa

Healthcare, InsuranceIndustries

Requirements

Candidates must be authorized to work in the United States without sponsorship both now and in the future
Bachelor’s degree in accounting, finance, or related field (a plus)
2+ years of experience in public accounting
Excellent attention to detail and analytical skills
Clear and effective communication and team collaboration style
Results-oriented
Strong organization and time management skills
Proficiency in Microsoft Excel (pivot-tables/V-lookups required)
Preferred: Experience with Sage/Intacct financial software

Responsibilities

Proactively deliver results by solving problems, driving improvements, and collaborating to implement best practices
Enter and maintain financial data in the ERP system and AP automation system with 100% accuracy and consistency
Process accounts payable and receivable transactions with precision and timeliness
Review employee expense reimbursement reporting to ensure accurate posting of expense categories and departments
Reconcile, analyze, and review general ledger accounts in preparation for monthly, quarterly, and annual close
Drive process improvements, implementation, and contribute to accounting transformation projects
Establish effective partnerships and working relationships with other departments within the company
Maintain accounting ledgers by verifying and posting account transactions
Ensure data accuracy and integrity while adhering to data protection and confidentiality policies
Perform ad hoc reporting and analysis and investigate issues providing explanations and interpretation, as needed

Skills

ERP

Accounts Payable

Accounts Receivable

Expense Reporting

Financial Data Entry

Tax Accounting

General Accounting

AP Automation

ParetoHealth

Self-insured employee health benefits solutions

About ParetoHealth

ParetoHealth offers employee health benefits solutions for small and medium-sized businesses through a self-insured model, allowing companies to set aside funds for health claims instead of paying insurance premiums. Their main product is the "benefits captive" program, where multiple companies share the risk of health claims, helping to manage costs and provide comprehensive benefits. Unlike competitors, ParetoHealth uses data-driven intelligence to monitor and control claims costs, ensuring employees receive quality care at competitive prices. The company's goal is to deliver a complete solution for health benefits while fostering diversity, equity, and inclusion in the workplace.

Philadelphia, PennsylvaniaHeadquarters

2011Year Founded

$522.1KTotal Funding

GROWTH_EQUITY_VCCompany Stage

Data & Analytics, Consulting, HealthcareIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

401(k) Company Match

401(k) Retirement Plan

Risks

Increased competition from new entrants may erode ParetoHealth's market share.

Economic downturns could reduce SME spending on employee benefits, impacting revenue.

Regulatory changes could increase compliance costs for self-insured health plans.

Differentiation

ParetoHealth offers a unique self-insured model for SMEs to control health costs.

Their benefits captive program pools resources to mitigate large health claim risks.

Data-driven intelligence is used to manage and control employee health claims costs.

Upsides

Warburg Pincus's investment indicates strong market confidence in ParetoHealth's growth potential.

Reaching 2,000 employers in their captive program shows successful market penetration.

New leadership roles focus on enhancing customer experience and expanding market reach.

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