Accounts Payable Analyst, Newsela
$48-53k
+stock options
Online platform for education content
Be an early applicant
Online platform for education content
501-1000 employees
Be an early applicant
$48-53k
+stock options
501-1000 employees
Company mission
Newsela's mission is to provide meaningful classroom learning for every student.
Role
Who you are
- With a minimum of 1 year of accounting experience, you are a problem-solving self-starter with a strong background in accounts payable
- Ideally, you have experience working with a high volume of invoices and are used to working at a rapidly growing company
- You’re well-versed in an array of accounting software including Bill.com, Navan and Netsuite; bonus points if you’ve been part of a new software implementation process
- Additionally, you can masterfully navigate expenses, prepaids and accruals, and can seamlessly perform an accounts payable reconciliation for the monthly close process
- You are organized, detail-oriented, and are always looking to improve processes and help teammates
What the job involves
- The Accounts Payable Analyst is responsible for accurate processing and coding of invoices and expense reports in a timely manner. You’ll be part of the team helping scale our accounting operations (processes and systems) as Newsela grows
- You’ll be responsible for monitoring the Accounts Payable inbox, processing vendor invoices, responding to A/P inquiries, managing employee expense reports, and monitoring credit card transactions and compliance
- In addition to AP and general accounting responsibilities, you’ll work with vendors to sign them up for e-payment to ensure timely delivery, as well as work through any other issues a vendor may have (ie. invoice not approved internally, routed to wrong approver, invoice not received)
- You will have an opportunity to make a real impact by driving process improvement and system implementation efforts to streamline operations and improve the quality of the accounts payable process
- Working directly with FP&A, you’ll gain insight into the operations of the business and your impact on Newsela’s financial statements
- Your work will directly enable Newsela to grow and scale efficiently, and will ultimately help increase our ability to get engaging, culturally responsive learning content into K-12 schools and districts nationwide
Our take
While textbooks have been standard issue in classrooms for centuries, digital instructional materials are steadily becoming more prevalent. Newsela offers a learning platform that curates and rewrites news articles, historical speeches, and scientific papers to help accelerate learning.
The platform is available in both English and Spanish and includes quizzes, exercises, and writing prompts to help engage students at any level. More than 3.3 million teachers and 40 million K-12 students use the platform, which has proved extremely popular so far.
In 2021, Newsela reached unicorn status, joining EdTech competitors such as Quizlet and ApplyBoard. In 2022, research into the company's efficacy found that Newsela was 70% more effective at promoting reading skill maintenance and growth compared to an average summer reading program - demonstrating the value it brings to the space.
With its success so far, and a massive amount of funding at its back, Newsela is well placed to continue its expansion in the US market. Having recently focussed on updating and improving the platform, it now appears to be pursuing growth as it bolsters its leadership team and works to bring its operations to the "next level".
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Feb 2021
$100m
SERIES D
Mar 2019
$50m
SERIES C
Total funding: $172.2m
Company benefits
- Learning budget
- Commuter benefits
- Paternal leave
- Pet insurance
- Wellness discounts and resources
- Work from home opportunities
- Health insurance
- Unlimited time off
Company HQ
Theater District, New York, NY
Articles
Leadership
Dan Cogan-Drew
(Chief Academic Officer)A qualified teacher with extensive, varied experience since 1994. Recent roles include experience as Director of Programs at EDUCATION CONNECTION and Director of Digital Learning at Achievement First Public Charter Schools.
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