Senior Accountant - Insurance Accounting at Allurion

Crozet, Virginia, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, FinanceIndustries

Requirements

Bachelor’s degree in Accounting, Finance or a related field
Three to Five years of experience in accounting function
Intermediate to Advanced experience with MS Excel
Some experience with statistics and manipulating large data sets
Strong understanding of accrual accounting and its impacts on monthly financial results
General accounting skills and knowledge of GAAP
Systems aptitude and proficiency in Excel, Access, and financial software
Proficiency in a variety of accounting and office applications including Microsoft Office Suite
Ability to read, write, analyze and interpret complex instructions, correspondence, legal documents, financial reports and/or technical documents
Ability to respond effectively to clients, employees and management and handle sensitive and/or confidential communications
Advanced mathematical and statistical skills
SQL and/or Power BI (preferred)
Experience in the insurance or captive insurance industry (preferred)
Knowledge of cession reporting and international financial regulations (preferred)
Experience working in a multi-national or matrixed organization (preferred)
MBA or advanced degree (plus)
CPA designation or actively pursuing certification (plus)

Responsibilities

Prepare and deliver accurate and timely monthly cession statements and external captive reporting packages for AT&T and Cricket
Participate in month-end close activities, including journal entries, general ledger reconciliations, and variance analysis
Participate in UAT of reporting tools and automated reporting schedules
Contribute to identifying solutions to new and existing reporting issues in automation
Assist in designing simple ways to add required dimensionality to data sets to fulfill client expectations
Collaborate with internal teams to gather and validate financial data and ensure reporting accuracy
Maintain strong controls and documentation for reporting processes
Proactively identify and communicate issues and recommend process improvements to enhance efficiency and accuracy
Support audits and respond to related inquiries regarding AT&T and Cricket program financials

Skills

GAAP

Excel

Access

financial reporting

journal entries

general ledger reconciliations

variance analysis

UAT

data mining

month-end close

Allurion

Non-surgical weight loss balloon solutions

About Allurion

Allurion focuses on managing obesity through its unique weight loss solution. The Allurion Balloon is a non-surgical weight loss balloon that can be placed and removed without the need for surgery, endoscopy, or anesthesia. This product is part of the Allurion Program, which includes digital tools like the Allurion Mobile App, Allurion Insights for clinicians, and connected devices such as a scale and health tracker. This combination allows patients and healthcare providers to effectively monitor and manage weight loss. Allurion differentiates itself from competitors by offering a comprehensive program that integrates both the balloon and digital health tools, providing ongoing support for users. The company's goal is to help individuals struggling with obesity achieve sustainable weight loss in a safe and effective manner.

Natick, MassachusettsHeadquarters

2009Year Founded

$112.4MTotal Funding

POST_IPO_EQUITYCompany Stage

Consumer Software, HealthcareIndustries

201-500Employees

Benefits

Paid Vacation

Remote Work Options

Phone/Internet Stipend

Professional Development Budget

Risks

Allurion Balloon lacks U.S. approval, limiting market expansion and revenue potential.

Reliance on digital tools faces competition from evolving technology and digital health solutions.

Debt financing reliance poses risks if revenue growth doesn't meet expectations.

Differentiation

Allurion Balloon offers non-surgical weight loss without endoscopy or anesthesia.

Comprehensive digital tools support weight loss, enhancing patient and provider engagement.

Global market reach with innovative, non-invasive obesity management solutions.

Upsides

$48M financing reduces interest expenses, extends debt maturity, and boosts financial stability.

Launch of Virtual Care Suite in the U.S. strengthens market presence and support.

Experienced executives like Keith Johns enhance leadership and international strategies.

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