Our healthcare system is the leading cause of personal bankruptcy in the U.S. Every year, over 50 million Americans suffer adverse financial consequences as a result of seeking care, from lower credit scores to garnished wages. The challenge is only getting worse, as high deductible health plans are the fastest growing plan design in the U.S.
Cedar’s mission is to leverage data science, smart product design and personalization to make healthcare more affordable and accessible. Today, healthcare providers still engage with its consumers in a “one-size-fits-all” approach; and Cedar is excited to leverage consumer best practices to deliver a superior experience.
The Role
We are seeking a Director of Technical Accounting & Financial Reporting to own the technical accounting and financial reporting function. This role serves as a key U.S. GAAP subject matter expert and works cross functionally to support other departments and stakeholders both inside and outside the organization. This individual will be responsible for leading the annual financial statement audit including the preparation of the annual financial statements. This role will also assist in the review of various month end close areas.
Our ideal candidate is detail-oriented and organized, and will thus have the opportunity to own many processes across the Finance team.
Responsibilities
- Serve as the subject matter expert in complex accounting topics such as revenue recognition, business combinations, share-based compensation, debt arrangements, leasing, etc.
- Lead and manage the external audit
- Interpret U.S. GAAP accounting standards and SEC guidance to determine accounting and financial reporting treatment
- Lead the preparation of financial statements, ensuring compliance with US GAAP and internal management reporting requirements, with a focus on the evolving needs of a growing tech company.
- Prepare technical accounting analyses for non-standard transactions including but not limited to acquisitions, equity award modifications, and new accounting pronouncements as well as internally developed software, intangible assets and other long-lived asset impairment, revenue recognition, etc.
- Actively represent the accounting function in our deal desk process to lead all aspects of and scale the deals process for optimal deal velocity, assess risk, and structure deals for new and existing business models.
- Manage the stock-based compensation and equity administration process
- Review new revenue contracts to ensure the proper accounting treatment is applied.
- Review various high-risk accounts as part of the month end close process
- Develop and implement process improvements and systems upgrades across the Accounting function
Requirements
- Bachelor’s or Master’s degree in Accounting. Advanced Degree a plus.
- CPA Required
- 10+ years of experience in technical accounting and financial reporting
- Minimum of 5 years of public accounting experience
- Excellent understanding of US GAAP
- Strong understanding of ASC 606 revenue recognition standards
- Experience implementing accounting standards and special projects
- Excellent project management skills with a high level of organization and attention to detail
- Ability to understand and communicate complex information, including accounting interpretations, to individuals at all levels of management
Compensation Range and Benefits
- Salary Range*: $ 172,100 - $ 225,000
- This role is also bonus and equity eligible
- This role offers a competitive benefits and wellness package
*Subject to location, experience, and education
#LI-REMOTE
What do we offer to the ideal candidate?
- A chance to improve the U.S. healthcare system at a high-growth company! Our leading healthcare financial platform is scaling rapidly, helping millions of patients per year
- Unless stated otherwise, most roles have flexibility to work from home or in the office, depending on what works best for you
- For exempt employees: Unlimited PTO for vacation, sick and mental health days–we encourage everyone to take at least 20 days of PTO per year to ensure dedicated time to spend with loved ones, explore, rest and recharge
- 16 weeks paid parental leave with health benefits for all parents, plus flexible re-entry schedules for returning to work
- Diversity initiatives that encourage Cedarians to bring their whole selves to work, including the Cedarian Advisory Group (a cross-functional cohort focused on increasing internal inclusiveness at Cedar) and three employee resource groups: be@cedar (for BIPOC-identifying Cedarians and their allies), Pridecones (for LGBTQIA+ Cedarians and their allies) and Cedar Women+ (for female-identifying Cedarians)
- Competitive pay, equity (for qualifying roles) and health benefits that start on the first of the month following your start date (or on your start date if your start date coincides with the first of the month)
- Cedar matches 100% of your 401(k) contributions, up to 3% of your annual compensation
- Access to hands-on mentorship, employee and management coaching, and a team discretionary budget for learning and development resources to help you grow both professionally and personally
About us
Cedar was co-founded by Florian Otto and Arel Lidow in 2016 after a negative medical billing experience inspired them to help improve our healthcare system. With a commitment to solving billing and patient experience issues, Cedar has become a leading healthcare technology company fueled by remarkable growth. Over the past several years, we’ve raised more than $350 million in funding from investors such as Andreessen Horowitz and Tiger Global, bringing Cedar’s valuation to $3.2 billion.
As of December 2023, Cedar is engaging with 25 million patients on an annualized basis, and is on target to process $2.6 billion in patient payments annually. Cedar’s ambition is to serve 50-60 million Americans by 2025, about half of the U.S. population that makes medical payments annually. Cedar partners with more than 55 leading healthcare providers and payers including Highmark Inc., Allegheny Health Network, Novant Health, Allina Health and Providence.
