Accounts Payable Specialist at BitGo

Palo Alto, California, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Cryptocurrency, Financial Services, Digital AssetsIndustries

Requirements

Bachelor’s degree in Accounting, Finance, or a related field preferred
2+ years of experience in accounts payable
Experience with NetSuite accounting software is a must
Proficiency in Microsoft Excel
Strong understanding of accounts payable processes, invoice management, and payment methods
Detail-oriented with excellent organizational and time-management skills
Strong problem-solving skills and ability to manage multiple tasks and deadlines
Effective communication skills, with the ability to collaborate with internal teams and external vendors
Knowledge of general accounting principles and financial reporting
Ability to maintain confidentiality and handle sensitive information with discretion
Preferred crypto experience

Responsibilities

Manage the full-cycle accounts payable process, including invoice receipt, review, approval, and payment execution
Verify invoice accuracy by cross-checking with purchase orders, vendor contracts, and internal policies
Process payments for approved invoices via checks, ACH transfers, or credit card transactions, ensuring payments are made on time
Maintain an accurate and up-to-date vendor database, ensuring all vendor documentation and tax forms are current
Serve as the primary point of contact for vendor inquiries, resolving payment discrepancies and issues promptly
Reconcile accounts payable records with general ledger accounts to ensure accurate financial reporting
Prepare monthly Accounts Payable reports, including aging reports and vendor statement reconciliations, for management review
Assist with month-end and year-end closing processes, ensuring AP transactions are correctly recorded in the financial system
Ensure proper documentation is attached to invoices for approval, payment authorization, and auditing purposes
Track and monitor expense reports submitted by employees, ensuring accuracy and compliance with company policies
Assist in categorizing expenses in accordance with the company's chart of accounts
Ensure adherence to company policies, internal controls, and accounting procedures in all Accounts Payable activities
Collaborate cross-functionally with procurement, operations, and finance teams to streamline workflows
Participate in the implementation of new technologies or automation tools that improve accounts payable functions

Skills

Accounts Payable

Invoice Processing

Vendor Management

Payment Processing

ACH Transfers

Reconciliation

General Ledger

Financial Reporting

Month-End Closing

Tax Forms

BitGo

Custodial services for digital assets

About BitGo

BitGo provides secure and efficient solutions for institutional clients in the digital currency market, focusing on cryptocurrencies like Bitcoin. The company offers custodial services to securely store digital assets, multi-signature wallets that require multiple approvals for transactions, and APIs that allow clients to integrate these services into their platforms. BitGo also provides staking services, enabling clients to earn rewards by validating transactions on blockchain networks. Unlike many competitors, BitGo emphasizes compliance with regulatory requirements, such as the FATF Travel Rule, ensuring that clients can navigate the complexities of the digital currency market safely. The goal of BitGo is to support institutional investors by offering reliable and compliant services that enhance the security and management of digital assets.

Palo Alto, CaliforniaHeadquarters

2013Year Founded

$165.8MTotal Funding

SERIES_CCompany Stage

Crypto & Web3, Financial ServicesIndustries

201-500Employees

Benefits

Company-paid medical, dental, and vision plans

Catered lunches, fresh snacks, and gourmet coffee

Commuting made easy with company-paid Caltrain passes

Competitive compensation, stock options, and 401k plan

Computer equipment and workplace furniture

Flexible vacation time

Risks

Increased competition from firms like E-Trade could challenge BitGo's market share.

Retail platform launch may dilute BitGo's institutional-focused brand.

Expansion into retail services could lead to increased regulatory scrutiny.

Differentiation

BitGo offers multi-signature wallets enhancing security for institutional clients.

The company provides APIs for seamless integration into client platforms.

BitGo's strategic acquisitions have expanded its platform and service offerings.

Upsides

BitGo's retail platform taps into a new customer segment, increasing revenue potential.

Expansion into Singapore positions BitGo to capitalize on APAC market growth.

Partnerships with firms like Core Foundation highlight BitGo's diverse sector involvement.

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