Accounts Payable Specialist, Virta Health
$76.6-85.1k
+ Offers Equity
Diabetes reversal treatment
Be an early applicant
Diabetes reversal treatment
501-1000 employees
Be an early applicant
$76.6-85.1k
+ Offers Equity
501-1000 employees
Company mission
To reverse diabetes and obesity in one billion people.
Role
Who you are
- 4+ year of accounts payable 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 lean 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
What the job involves
- Virta is in the process of growing at a rapid pace and is in need of a talented individual to join the lean finance team and help keep pace with the company’s growth
- You will have an immediate impact by maintaining current AP processes and implementing new processes and procedures. This role will work with a variety of systems and have exposure to various other teams at Virta
- This role will work with a variety of systems and have exposure to various other teams at Virta
- Manage Accounts Payable inbox daily and respond to all internal and external inquiries promptly and professionally
- Process invoices (approximately 300-400 per month [subject to increase as the company grows]), post business transactions with appropriate coding (both account and department) in the general ledger, verify financial data for use in maintaining accounts payable records, provide other clerical support necessary to pay the obligations of the organization, and ensure approvals are received timely for timely payment of invoices due in accordance with vendor payment terms
- Process expense reimbursements (approximately 150-300 per month [subject to increase as the company grows]) ensuring compliance with Virta T&E Policy and confirming approvals are received timely
- Obtain copies of all company credit card charge (average monthly spend between $75-120k [subject to increase as the company grows]) receipts and refunds and verify that general ledger coding of credit card transactions is accurate
- Maintain copies of invoices, credit card receipts, and requisite tax information (e.g. vendor W-9s) in an organized and easy to find manner
- Perform accounting duties such as account maintenance, invoice accruals and performing account reconciliations as part of the month-end close process
- Preparation and coordination of weekly payment runs, ensuring timely and accurate processing of vendor payments
- Support Virtans with ad-hoc requests to better understand related spend
- Creating and distributing 1099’s annually
- Implementing system integration and process improvements where necessary
- 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 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 account and departments used at Virta, invoice entry and timing, credit card and expense reimbursement timing
- Establish strong working relationships with other teams with thorough and timely communication
- Become the point of contact, both internally and externally, for any invoice and/or payment related questions
- Identify areas within the existing process that require improvements to increase the efficiency of the payables 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
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 values
- People first - We take care of ourselves, our peers, and our patients equally
- Ownership - We empower our employees to do work that matters, and give our people autonomy to do their best work
- Impact - We focus on the important small steps to create the greatest positive impact. We prioritize impact over busy work
- No ego - We believe everyone has something to teach, and everyone has something to learn
- Transparency - Trust and empowerment are promoted through open access to information. We have integrity in everything we do
- Evidence-based - We follow the evidence, and prioritize data and science over seniority and dogma
- Risk taking & rapid iteration - We test, learn and repeat quickly: a failed test is a chance to learn. Progress is never sacrificed for perfection
Company HQ
Civic Center, Denver, CO
Articles
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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