Accounts Payable Specialist, Virta Health
$39.3-42.7k
Offers Equity
More information about location
Diabetes reversal treatment
Be an early applicant
Diabetes reversal treatment
501-1000 employees
Be an early applicant
$39.3-42.7k
Offers Equity
More information about location
501-1000 employees
Company mission
To reverse diabetes and obesity in one billion people.
Role
Who you are
- 2+ years of accounts payable experience, or equivalent combination of education and transferable experience
- Experience with full cycle vendor management, end-to-end invoice processing, employee expense reimbursement oversight, and company credit card oversight
- Experience with creating and distributing 1099’s
- Proficiency in Microsoft Excel and Word as well as Google suite (Google Sheets, Google Docs, Google Slides, and Gmail)
- Highly organized and detail oriented
- Ability to multitask while still adhering to hard deadlines
- Strong written and verbal communication skills to interact effectively with internal and external parties and to document procedures
- Exemplary interpersonal skills to work with anyone and leave them with a positive impression of the Virta finance function
- Optimistic attitude; as we are a team that is critical to the success of the Company, bringing a positive attitude to both daily responsibilities as well as projects is crucial to success
- Knowledge of accounting systems such as Netsuite and Airbase, including other accounts payable and T&E systems is preferred
- Bachelor’s degree in accounting, finance, or related field a plus
- You put people first and take care of yourself, your peers, and our patients equally
- You have a strong sense of ownership and take initiative while empowering others to do the same
- You prioritize positive impact over busy work
- You have no ego and understand that everyone has something to bring to the table regardless of experience
- You appreciate transparency and promote trust and empowerment through open access of information
- You are evidence-based and prioritize data and science over seniority or dogma
- You take risks and rapidly iterate
What the job involves
- Join a mission-driven Finance team at a company that’s transforming healthcare at scale. You will have an immediate impact in supporting Virta’s rapid growth — ensuring smooth, accurate financial operations as we scale
- This role will work closely with one other AP Specialist and report to the AP Associate Manager. You will also collaborate with the broader Finance team and will have exposure to a variety of systems and to various other teams at Virta
- Collaborate daily with the AP team to manage all aspects of the Accounts Payable function
- Manage the Accounts Payable inbox and respond promptly and professionally to all internal and external inquiries
- Process invoices (approximately 300-400 per month [subject to increase as the company grows]), post business transactions with appropriate coding (both account and department) ensuring accurate GL and departmental coding, PO matching, proper approvals, and timely payments in accordance with vendor terms
- Process expense reimbursements (approximately 300-500 per month [subject to increase as the company grows]) ensuring compliance with Virta T&E Policy and confirming approvals are received timely
- Review approximately 300–400 monthly company credit card transactions; verify receipts, refunds, and general ledger coding accuracy
- Maintain organized and easily accessible digital records of invoices, receipts, and vendor tax documentation (e.g., W-9s & payment documentation)
- Perform month-end accounting duties including invoice accruals and account reconciliations
- Prepare and coordinate weekly payment runs to ensure accurate and timely vendor disbursements
- Support Virtans with ad-hoc requests to better understand related spend
- Prepare and distribute annual 1099s
- Identify and assist with implementing system integrations and process improvements to enhance AP efficiency and scalability
- Maintain excellent communication standards both internally and externally in order to continue to elevate the Virta finance function to best-in-class
- Perform other duties and projects as assigned
- Within your first 90 days at Virta, we expect you will do the following:
- Establish a strong understanding of the existing Accounts Payable process including GL accounts and departments used at Virta, invoice entry and timing, credit card and expense reimbursement timing, payment workflows, and Virta’s AP policies
- Build effective working relationships across teams through consistent and transparent communication
- Become a primary point of contact for internal and external inquiries regarding invoices and payments
- Identify areas within the existing process that require improvements to increase the efficiency of the AP process
Our take
Much of the care for type 2 diabetes has been based on control and prevention, rather than a direct reversal of the issue. Virta Health is changing that, providing patients with personalized treatment plans, virtual monitoring and patient care.
Instead of depending upon medication, which often needs to be increased over time, the company is tackling the problem at its root and taking a fundamentally different approach that is better for the patient, and more economical for insurers. Among enrolled patients in its clinical trial at one year, 60% achieved diabetes reversal.
While platforms like Vida Health also serve similar markets, the large number of prediabetic (88M) and diabetic (30M) Americans presents a significant opportunity for growth. Along with its significant funding round in 2021 fueling its efforts to expand the reach of its telehealth-powered diabetes reversal treatment. Positioning the company for widespread adoption and continued success in addressing this critical healthcare challenge.
Steph
Company Specialist at Welcome to the Jungle
Insights
4% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Apr 2021
$133m
SERIES E
Dec 2020
$65m
SERIES D
Total funding: $373m
Company benefits
- Remote-first work environment with ability to work from home
- Flexible work hours & time off policy
- Virta pays 99% of all employee health insurance premiums, and 75% for all dependents
- Up to 16 weeks paid parental leave
- Enroll in the Virta treatment for free and give a discount to friends and family
- Internet, home office, learning & development stipends
- Employee Resource Groups like Parents of Virta, Ladies of Virta, and Virtans for DEI
- 401K and ROTH contribution opportunities
Company HQ
Civic Center, Denver, CO
Leadership
Sami Inkinen
(Co-Founder & CEO)Worked on Microsoft’s strategy team for MS Office, and as a consultant for McKinsey & Company within the software, telecommunications, and government sectors. Co-founder of online real estate marketplace Trulia, serving as its COO until its IPO and eventual sale to Zillow Group.
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