Accounts Payable Specialist, Wealthfront
$79-92k
Plus Bonus and Equity
Automated investment management
Job no longer available
Automated investment management
201-500 employees
Job no longer available
$79-92k
Plus Bonus and Equity
201-500 employees
Company mission
To build a financial system that favors people, not institutions.
Role
Who you are
- 1-4 years of accounting experience
- Proficient in NetSuite, Bill.com, and MS Office/G Suite
- Knowledge of US GAAP
- Proven experience with processing vendor invoices and employee expense reports
- Customer-centric business philosophy and team-oriented mindset
- Unquestionable ethics
- Uncompromising attention to detail with the ability to communicate to the level of detail appropriate to the situation and audience
- Ability to problem-solve and proactively propose solution in a professional and effective manner
- Enthusiasm to apply technology to business processes
- Strong organizational skills and ability to set and meet deadlines in a high paced environment
- Self-starter who regularly takes initiative and can juggle multiple projects while simultaneously demonstrating creativity and judgment
- Takes pride in meeting deadlines and exceeding expectations on quality of output
- BA/BS required
What the job involves
- Wealthfront is seeking an Accounts Payable Specialist to join the finance and accounting team to track, process, and reconcile expenses to support a dynamic and high-growth business
- The Accountant will be responsible for managing accounts payable and assisting with the monthly close
- You will report to the Accounting Manager, working closely as a partner to the entire Finance and Accounting team, and will be encouraged to identify and execute opportunities to drive scale in the financial operations
- Review, code, and process invoices, ensuring accuracy and adherence to company policies and procedures
- Maintain positive relationships with internal stakeholders and vendors, addressing any inquiries or discrepancies
- Assist in month-end close procedures, including but not limited to preparing Accounts Payable workbook, managing the Vendor List, performing reconciliations, investigating and resolving any discrepancies
- Review and process employee expense reports, ensuring compliance with company policies and proper documentation requirements
- Providing guidance and assistance to colleagues throughout the firm on our policies and procedures for submitting firm expenses
- Prepare annual 1099s
- Help with the monthly, quarterly and year-end close activities at both subsidiary and consolidated basis
- Prevent inaccuracies and maintain the reliability of financial documents, compliant with internal company policies, accounting principles, and regulatory requirements
- Assist the accounting team in the establishment of a scalable firm-wide accounting function
- Liaison with accounting software, system vendors, and consultants as required and make recommendations as to ways we can automate or enhance our accounting operations through the implementation of new processes
Our take
Wealthfront's platform takes the hassle and stress out of investing, financial planning, borrowing, and saving with automated services and financial advice. Its robo-advisor allows customers to set a financial limit on their accounts, anything above the limit is moved into an investment account or another account chosen by the customer.
Indeed, it has some similarities to round-up apps like Acorn, which round up purchases and put the spare change into savings. There are other companies working on robo-advisors too, such as Morgan Stanley and Betterment.
Nonetheless, with an impressive and steadily increasing list of clients, and more than $50B of assets under its management, Wealthfront achieved Unicorn status in September 2022. Now it is diversifying its offerings, branching into high-interest checking accounts and investment advice and reportedly seeking a valuation of up to $2.05B in its upcoming IPO, a move that puts the company in a strong position for even more growth.
Steph
Company Specialist at Welcome to the Jungle
Insights
-4% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Jan 2018
$75m
SERIES E
Oct 2014
$64m
SERIES D
Total funding: $204.5m
Company benefits
- Lunch and snacks on the house: Enjoy lunches, snacks, coffee and stipends to go out to lunch with coworkers.
- More tools in your toolbox: Join one of our affinity groups, attend leadership trainings and receive 1:1 mentorship. We give team members a quarterly learning stipend so we can all continue to grow and improve.
- Commuting made easy: We’re a short walk from the Palo Alto Caltrain and all employees receive a Caltrain pass. Our co-working space in San Francisco is great for days when you need to work from the city. An additional transportation stipend and relocation bonuses make getting to the office a breeze.
- Prioritize Wellness: Stay happy and healthy however you choose with our monthly wellness reimbursement. You define what wellness means for you — a massage, running sneakers, or dance classes? It’s your call.
- Work/life balance (no, really): We have flexible working hours, a discretionary time off policy and offer 16 weeks of paid parental leave (both parents). We work hard, but we rejuvenate too.
- Your health matters: We provide comprehensive medical, dental and vision coverage for you and your family, including HSA contributions for high deductible plans.
Company HQ
University South, Palo Alto, CA
Leadership
Dan Carroll
(Founder & CSO)They studied Finance and Entrepreneurship at the University of Arizona before using this expertise to co-found Wealthfront in December 2008.
David Fortunato
(CEO)David has been at Wealthfront since 2009, joining the company as CTO. He then became the President in 2019 and CEO in 2021.
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