Full-Time

Senior Technical Accounting & Financial Reporting Manager

Posted on 10/25/2024

Noom

Noom

1,001-5,000 employees

Behavior change platform for weight loss

AI & Machine Learning
Healthcare

Compensation Overview

$139k - $188kAnnually

+ Bonus + Stock Awards

Senior

New York, NY, USA

Category
Auditing
Cost Accounting
Financial Accounting
Accounting
Required Skills
Financial analysis
Requirements
  • Bachelor’s degree in Accounting and/or Finance.
  • CPA certification
  • 5+ years of experience in a Big4 accounting firm, or Consulting/Advisory or public company experience.
  • In-depth knowledge of Generally Accepted Accounting Principles (GAAP), and SEC reporting requirements.
  • Proficiency in technical accounting areas such as revenue recognition, lease accounting, business combinations, equity transactions, capitalized software, inventory, and financial instruments.
Responsibilities
  • Research and interpret complex accounting issues, ensuring compliance with GAAP, and other applicable standards.
  • Provide guidance and draft memos on technical accounting matters, including revenue recognition, lease accounting, business combinations, equity transactions, capitalized software, inventory, and financial instruments.
  • Coordinate with Legal, Operations, and Product teams to ensure compliance with accounting policies for new contracts and business arrangements.
  • Assist in documentation and maintenance of critical accounting policies (e.g., revenue, refunds and chargebacks, equity transactions, inventory, and other topics).
  • Implement new accounting standards and ensure their proper application across the organization.
  • Assist with special projects as needed.
  • Assist with M&A due diligence and Post Merger Integrations (PMI).
  • Prepare accurate and timely financial statements, including balance sheets, income statements, cash flow statements, statements of changes in equity, and footnotes.
  • Coordinate and manage the external audit process, acting as a main point of contact for external auditors.
  • Ensure compliance with SEC reporting requirements, including the preparation of 10-Q and 10-K filings.
  • Assist in the preparation and review of management reports generated from Company financial statements for other Finance functions (e.g., CFO, FP&A, Investor Relations) critical to the corporate decision making process.
  • Assist with developing and maintaining robust internal controls over financial reporting.
  • Conduct regular reviews and updates of accounting policies and procedures to ensure they reflect current regulations and best practices.
  • Support SOX and internal controls compliance; identify and mitigate risks related to financial reporting and technical accounting.
  • Assist in assessment of external and internal audit findings and assist the Finance team with the development of management action plans, as it relates to accounting policies and remediation plans.
  • Work closely with other departments, including Tax, Treasury, Legal, and Operations, to ensure the accuracy and completeness of financial information.
  • Provide training and support to finance and accounting teams on technical accounting issues and updates.
  • Communicate complex accounting concepts and findings to senior management and other stakeholders in a clear and concise manner.
  • Promote continuous improvement in financial reporting processes and systems.
  • Stay current with industry trends, regulatory changes, and best practices in technical accounting and financial reporting.
  • Implement process improvements to enhance the efficiency and effectiveness of the financial reporting function.

Noom focuses on helping individuals change their behaviors related to weight loss and health management. The platform combines artificial intelligence, mobile technology, and psychological principles to provide personalized coaching and support. Users engage with behavior change courses and a virtual diabetes prevention program that has received recognition from the CDC. Unlike many competitors, Noom emphasizes a holistic approach that integrates mental and emotional aspects of health, making it more than just a diet plan. The goal of Noom is to empower users to achieve sustainable health improvements and better treatment outcomes through informed lifestyle changes.

Company Stage

Series F

Total Funding

$650M

Headquarters

New York City, New York

Founded

2008

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

-8%
Simplify Jobs

Simplify's Take

What believers are saying

  • Rising demand for AI-driven health apps aligns with Noom's technology integration.
  • Telehealth expansion provides Noom opportunities to reach more global users.
  • Employer wellness programs boost Noom's enterprise solutions for GLP-1 cost management.

What critics are saying

  • Competition from similar AI-driven health platforms may impact Noom's market share.
  • Consumer skepticism towards AI health solutions could affect Noom's user trust.
  • Regulatory scrutiny over AI use in healthcare poses challenges for Noom.

What makes Noom unique

  • Noom integrates AI, mobile tech, and psychology for personalized health solutions.
  • Noom's GLP-1 Supply Tracker and body scan tech enhance weight loss medication management.
  • Noom partners with Waltz Health to offer cost-effective GLP-1 medication access.

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Benefits

Health Insurance

401(k) Retirement Plan

Paid Holidays

Paid Vacation

Disability Insurance

Wellness Program

Professional Development Budget

Hybrid Work Options

Remote Work Options

INACTIVE