Full-Time

Director – Financial Reporting and Technical Accounting

Posted on 11/20/2024

Progyny

Progyny

501-1,000 employees

Fertility benefits management for employers

Financial Services
Healthcare

Compensation Overview

$155k - $175kAnnually

+ Bonus + Equity

Senior, Expert

New York, NY, USA

Requires onsite presence in New York office for three days a week.

Category
Financial Accounting
Financial Analysis
Financial Planning
Accounting
Required Skills
Financial analysis
Data Analysis
Requirements
  • Bachelor's degree in accounting is required.
  • Active CPA license or equivalent certification is required.
  • 8-12 years of experience, with at least 5 years at a Big 4 accounting firm, working with public companies on financial reporting and technical accounting matters.
  • Strong knowledge of GAAP, financial reporting standards, SEC reporting requirements, and accounting close; Healthcare industry experience is a plus.
  • Experience working in a fast-paced environment with the ability to manage multiple priorities simultaneously and drive process improvements.
  • Strong analytical skills, comfortability with analyzing and manipulating large data sets as well as experience with ERP and reporting tools.
  • Strong communication and presentations skills.
  • Experience in a financial reporting and technical accounting role in a publicly traded company is ideal.
  • Experience with Healthcare standards and policies.
  • Strong interpersonal skills, ability to work independently and collaboratively within a team environment.
  • Ability to effectively manage evolving priorities, multiple projects, and deadlines in a fast-paced environment.
Responsibilities
  • Responsible for overseeing and preparing quarterly and annual financial statements, including footnote disclosures and MD&A, while ensuring compliance with US GAAP and SEC requirements.
  • Manage and participate in various aspects of SEC reporting, including the preparation and filing of 10-Q, 10-K, earnings releases, Proxy Statement and other SEC filings.
  • Serve as the technical accounting expert, working cross-functionally to provide guidance and prepare memos as needed in areas including mergers and acquisitions, new products and company initiatives, equity compensation, and revenue recognition.
  • Lead the assessment and implementation of new SEC/GAAP pronouncements.
  • Oversee Accounting Policies, including maintaining and developing policies and providing training/education across the company as applicable.
  • Assist with tax filings, regulatory reporting, healthcare licensure renewals, and internal/management reporting.
  • Play a key role in accounting close processes, especially in complex accounting areas, including reviewing and analyzing accounting entries and reconciliations.
  • Partner with the broader Accounting team to manage the consolidation of financial results from various entities.
  • Analyze period-over-period fluctuations in financial statement balances and provide insightful commentary of key business drivers and trends.
  • Ability to maintain an effective internal control structure by recognizing potential risk, enhancing controls, ensure compliance documentation and creating new policies and procedures.
  • Coordinate with outside auditors with quarterly reviews, annual audits, and statutory audits.
  • Coordinate with HR and Legal teams on the Equity Compensation program including equity accounting matters and program administration.
  • Identify and implement process improvements and new technologies, as applicable, to improve efficiency and effectiveness in financial reporting and accounting.
  • Prepare and present to Senior Management and in company/departmental trainings on various accounting and financial reporting topics.
  • Develop, train and mentor for 2-4 direct reports and staff and recruit necessary skillsets to further the function's growth.

Progyny provides fertility benefits management services to employers, helping them offer comprehensive support for employees seeking fertility treatments and family-building options. Their services include intrauterine insemination (IUI), in vitro fertilization (IVF), fertility preservation, adoption assistance, and surrogacy support. Progyny partners with employers to integrate these benefits into their existing employee packages, aiming to improve clinical outcomes and reduce costs associated with fertility treatments. Unlike many competitors, Progyny focuses on delivering superior clinical results that exceed national averages and ensures a seamless integration into benefits systems. The company's goal is to meet the growing demand for fertility and family-building benefits, supporting employees' reproductive health and well-being.

Company Stage

IPO

Total Funding

$95.6M

Headquarters

New York City, New York

Founded

N/A

Growth & Insights
Headcount

6 month growth

13%

1 year growth

23%

2 year growth

67%
Simplify Jobs

Simplify's Take

What believers are saying

  • Recognition as a TIME100 Most Influential Company and CNBC Disruptor 50 highlights Progyny's strong market position and growth potential.
  • The acquisition of Apryl allows Progyny to offer expanded global services, potentially increasing its client base and revenue.
  • Progyny's consistent superior clinical outcomes can lead to higher client satisfaction and retention.

What critics are saying

  • The highly specialized nature of Progyny's services may limit its market to employers willing to invest in fertility benefits.
  • Integration challenges with newly acquired companies like Apryl could disrupt operations and delay service enhancements.

What makes Progyny unique

  • Progyny specializes in comprehensive fertility and family-building benefits, setting it apart from general healthcare benefit providers.
  • The company's focus on superior clinical outcomes and seamless integration into existing benefits ecosystems provides a unique value proposition.
  • Progyny's recent acquisition of Apryl expands its global reach, enhancing its ability to serve multinational employers.

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