[Remote] Accounting Manager at Virta Health

Remote

Virta Health Logo
$112,300 – $128,300Compensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, BiotechnologyIndustries

Requirements

Candidates must possess a Bachelor's degree in Accounting or Finance and hold a CPA certification. A minimum of 6 years of relevant experience is required, including experience in public accounting and private industry, with a strong understanding of GAAP and public company environments. Specific experience with software capitalization, stock-based compensation, equity accounting, cost of sales, and inventory accounting is essential. Proficiency in ERP systems like NetSuite, automation tools, AI-based accounting tools, and advanced Microsoft Excel skills are necessary, along with excellent problem-solving, organizational, and communication skills for a remote work environment.

Responsibilities

The Accounting Manager will oversee and manage the month-end close process, including journal entries and account reconciliations for areas such as cost of sales, inventory, stock-based compensation, and equity. They will partner cross-functionally to gather data, review financial statement fluctuations, and support budgeting and forecasting. Responsibilities also include developing and refining accounting policies, processes, and internal controls, supporting annual audits, and ensuring SOX-readiness. The role involves leveraging technology and AI to streamline accounting processes and mentoring staff accountants.

Skills

Month-end close
Journal entries
Account reconciliations
Cost of sales
Inventory accounting
Stock-based compensation
Equity accounting
Cap table management
Financial statement analysis
Budgeting
Forecasting
Internal controls
SOX compliance
Process improvement
Automation
AI
Mentoring
Coaching

Virta Health

Reverses type 2 diabetes through personalized care

About Virta Health

Virta Health focuses on reversing type 2 diabetes through a combination of personalized nutrition, continuous remote care, and behavioral science. Their treatment is designed for individuals diagnosed with type 2 diabetes, healthcare providers, and enterprise partners like employers and health plans. Unlike many competitors, Virta Health operates on a performance-based model, meaning they only receive payment if they achieve successful outcomes for their patients. This aligns their financial incentives with patient health improvements. The company's goal is to reverse type 2 diabetes in 100 million people, making their approach not just about managing diabetes but actively working towards its reversal.

Denver, ColoradoHeadquarters
2014Year Founded
$362.8MTotal Funding
SERIES_ECompany Stage
Biotechnology, HealthcareIndustries
501-1,000Employees

Benefits

Remote-first work environment
Flexible work hours & time off policy
Health insurance
Paid parental leave
Free Virta treatment & family discount
Internet, home office, learning & development stipends
Employee resource groups
401K & ROTH contribution

Risks

Increased competition in diabetes reversal could threaten Virta's market share.
Rising popularity of GLP-1 medications may divert clients from Virta's approach.
Regulatory changes in GLP-1 prescriptions could impact Virta's business model.

Differentiation

Virta Health offers a medication-free approach to reversing type 2 diabetes.
Their performance-based model aligns financial incentives with patient outcomes.
Virta's continuous remote care platform provides personalized nutrition and behavioral support.

Upsides

Virta Health has achieved over $100M in annualized revenue with sustainable weight loss solutions.
Partnerships with major payers like U-Haul enhance Virta's market reach and credibility.
Growing skepticism about GLP-1 medications boosts demand for Virta's alternative treatments.

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