Senior Accountant at SmithRx

Remote

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Health-Tech, Pharmacy Benefit ManagementIndustries

Requirements

Candidates must possess a Bachelor's degree in Accounting, Finance, or a related field, with a CPA certification strongly preferred. A minimum of 4 years of progressive accounting experience, ideally with a background in public accounting or a blend of public and industry experience, is required. Applicants must demonstrate strong knowledge and practical application of US GAAP, including experience with complex accounting topics. Excellent analytical and critical thinking skills, the ability to work proactively and independently in a fast-paced environment, and strong communication, organizational, and interpersonal skills are also essential. Additionally, applicants must be based in Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Indiana, Kansas, Kentucky, Massachusetts, Minnesota, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, or Wisconsin.

Responsibilities

The Senior Accountant will manage day-to-day accounting operations and prepare regular and ad-hoc financial reports. Key responsibilities include owning aspects of the month-end close process, such as preparing complex journal entries, account reconciliations, and fluctuation analyses. The role involves assisting in developing guidance on the accounting implications of new transactions and ensuring compliance with US GAAP. Investigating and resolving accounting discrepancies, performing root-cause analysis, and coordinating internal and external audit activities are also critical duties. Furthermore, the Senior Accountant will drive process improvements by identifying opportunities to automate and streamline accounting workflows and assist in preparing technical accounting memos, footnotes, and schedules for consolidated financial statements.

Skills

Accounting

Financial Reporting

Technical Accounting Research

Accounting Close Process

Financial Statements

SmithRx

Pharmacy benefit management with transparent pricing

About SmithRx

SmithRx operates as a Pharmacy Benefit Manager (PBM) that focuses on managing prescription drug plans for self-insured employers and plan sponsors. The company uses a transparent pricing model called "Pass Through Pricing," where it charges only an administrative fee and passes all rebates from prescriptions directly to clients and their members. This model contrasts with traditional PBMs that often inflate drug prices and retain rebates for profit. SmithRx's clients benefit from a technology platform that utilizes real-time data to improve service delivery, ensuring efficient and high-quality pharmacy benefit management. The company also provides a concierge service to enhance support for both members and clients. SmithRx aims to simplify pharmacy benefits while maximizing value for its clients through transparency, advanced technology, and exceptional customer service.

San Francisco, CaliforniaHeadquarters

2016Year Founded

$94.8MTotal Funding

SERIES_CCompany Stage

HealthcareIndustries

201-500Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Holidays

Wellness Program

Commuter Benefits

Parental Leave

Mental Health Support

Professional Development Budget

Risks

Increased competition from technology-driven PBMs like Capital Rx could erode market share.

Rapid technological advancements may require costly updates to SmithRx's platform.

Potential regulatory scrutiny on PBM pricing models could impact SmithRx's business model.

Differentiation

SmithRx uses a transparent 'Pass Through Pricing' model, unlike traditional PBMs.

The company leverages real-time data for efficient pharmacy benefit management services.

SmithRx offers concierge-level service, enhancing customer satisfaction and support.

Upsides

SmithRx secured $60M in Series C funding, indicating strong investor confidence.

Partnership with Banjo Health enhances prior authorization processes using AI technology.

Collaboration with TheracosBio offers cost-effective drug options for Type 2 Diabetes.

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