Full-Time

Accountant

Cash Applications

Posted on 11/20/2024

Progyny

Progyny

501-1,000 employees

Fertility benefits management for employers

Financial Services
Healthcare

Compensation Overview

$65k - $75kAnnually

+ Bonus + Equity

Junior, Mid

New York, NY, USA

Flex days (3 days a week in the office) and onsite meals and snacks for employees reporting into our NY office.

Category
Bookkeeping
Financial Accounting
Management Accounting
Accounting
Requirements
  • 1-3 years of corporate accounting experience.
  • Bachelor’s degree in Accounting, Finance, or a related field.
  • Hands-on experience with Accounts Receivable and Accounts Payable processes.
  • Exposure to annual external audits.
  • Experience working in a large healthcare system or similar organization is preferred.
  • Proficiency in Excel, with a strong understanding of spreadsheets and data manipulation.
  • Exceptional communication skills (written and verbal).
  • Flexible and comfortable working with manual processes while striving for improvements.
  • Strong ability to collaborate effectively across departments.
  • Detail-oriented, with excellent documentation and organizational skills.
  • A process improvement mindset, with a proactive approach to identifying inefficiencies and implementing solutions.
  • Ability to multitask, prioritize effectively, and adapt to a dynamic work environment.
  • Capable of working both independently and as part of a collaborative team.
Responsibilities
  • Oversee and maintain the daily cash application process, including manual elements, ensuring accuracy and timeliness.
  • Assist with monthly bank reconciliation and related reporting.
  • Partner with internal teams to address client payment receipts and respond promptly to requests, building and maintaining strong working relationships.
  • Communicate daily payment receipt details to the third-party claims processor.
  • Provide weekly cash application status updates to key stakeholders.
  • Perform selected month-end close activities, including preparing journal entries and reconciling various balance sheet and income statement accounts.
  • Support audit and SOX compliance requirements.
  • Actively develop and maintain knowledge of internal policies and procedures.
  • Identify opportunities to automate and streamline processes, helping to minimize manual effort and improve efficiency.
  • Adapt to and manage manual workflows as needed while proposing scalable improvements.
  • Contribute to special projects and additional tasks as assigned.

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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