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.
As the Senior Manager, Billing and Revenue Accounting, you will be a key leader within the Revenue Accounting team. You will need to be a strong and empowering people manager who can thrive in a fast-paced environment where you will often be building and improving processes. In this exciting opportunity, you will be at the forefront of innovation, helping to explore and leverage AI to enhance our revenue accounting and billing processes. The Senior Manager, Billing and Revenue Accounting will report into our Controller.
Responsibilities
- Understand the full revenue cycle of the Company – from contract signing, billing effective date, rates and terms
- Responsible for directing and owning the monthly processes surrounding revenue and billing by the financial operations team.
- Collaborate well with various departments to ensure revenue is accurate and complete - this includes Legal, Data Engineering, Client Management Leads and Integration Teams
- Lead the billing and revenue accounting efforts for the integration of new products and services, ensuring accurate and compliant revenue recognition, including operationalization and month-end close procedures.
- Review supporting files for billing and ensure accuracy and integrity of data
- Review the monthly revenue and COS analytics and other ad-hoc analysis for review
- Work closely with the Controller on implementing changes to the billing process in order to make it more efficient.
- Review revenue related account reconciliations and journal entries for month-end close
- Responsible for overseeing two direct reports
Required Skills and Experience
- Bachelor’s degree in Accounting or Finance; CPA is a plus
- 7-10 years of Revenue Cycle Management or Revenue Operations experience with an understanding of ASC 606
- Strong understanding of billing and financial processes and the impact to general ledger.
- Strong analytical and problem-solving skills
- Strong leadership capabilities with hands on mentorship
- Excellent communication and interpersonal skills, with the ability to collaborate effectively across different teams
- Prior experience in Healthtech or Tech Industry is preferred
- Experience working with Netsuite and Floqast is a plus
- Hands-on experience with modern billing systems (CRM, CPQ, billing platforms) and integration with ERP systems
Compensation Range and Benefits
- Salary/Hourly Rate Range*: $145,400 - $190,000
- This role is equity eligible
- This role offers a competitive benefits and wellness package
*Subject to location, experience, and education
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 vacation 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 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, including fertility & adoption assistance, 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 & have the active support of Thrive and Andreessen Horowitz (a16z).
As of November 2024, Cedar is engaging with 26 million patients annually and is on target to process $3.5 billion in patient 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.
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