[Remote] Accounts Payable Specialist at Virta Health

Remote

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$64,700 – $74,000Compensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Healthcare, FinanceIndustries

Requirements

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

Responsibilities

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) with appropriate coding, PO matching, approvals, and timely payments
Process expense reimbursements (approximately 300-500 per month) ensuring compliance with Virta T&E Policy and timely approvals
Review 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
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
Identify and assist with implementing system integrations and process improvements to enhance AP efficiency and scalability
Maintain excellent communication standards both internally and externally
Establish a strong understanding of the existing Accounts Payable process within the first 90 days
Build effective working relationships across teams through consistent and transparent communication
Identify areas within the existing process that require improvements to increase the efficiency of the AP process

Skills

Key technologies and capabilities for this role

Accounts PayableInvoice ProcessingExpense ReimbursementsGL CodingPO MatchingFinancial Operations

Questions & Answers

Common questions about this position

What is the salary range for the Accounts Payable Specialist position?

The salary range is $64.7K - $74K.

Is this Accounts Payable Specialist role remote?

Yes, the position is fully remote.

What key skills are needed for the Accounts Payable Specialist role?

Key skills include managing invoices and expense reimbursements with accurate GL coding, PO matching, and approvals; handling credit card transactions and vendor payments; and performing month-end duties like accruals and reconciliations.

What is the team structure like for this Accounts Payable Specialist role?

You will work closely with one other AP Specialist and report to the AP Associate Manager, while collaborating with the broader Finance team.

What should I highlight in my application for the Accounts Payable Specialist position?

Highlight experience in high-volume invoice processing, expense reimbursements, GL coding accuracy, vendor payments, and process improvements, along with strong communication skills for internal and external collaboration.

Virta Health

Reverses type 2 diabetes through personalized care

About Virta Health

Virta Health focuses on reversing type 2 diabetes through a combination of personalized nutrition, continuous remote care, and behavioral science. Their treatment is designed for individuals diagnosed with type 2 diabetes, healthcare providers, and enterprise partners like employers and health plans. Unlike many competitors, Virta Health operates on a performance-based model, meaning they only receive payment if they achieve successful outcomes for their patients. This aligns their financial incentives with patient health improvements. The company's goal is to reverse type 2 diabetes in 100 million people, making their approach not just about managing diabetes but actively working towards its reversal.

Denver, ColoradoHeadquarters

2014Year Founded

$362.8MTotal Funding

SERIES_ECompany Stage

Biotechnology, HealthcareIndustries

501-1,000Employees

Benefits

Remote-first work environment

Flexible work hours & time off policy

Health insurance

Paid parental leave

Free Virta treatment & family discount

Internet, home office, learning & development stipends

Employee resource groups

401K & ROTH contribution

Risks

Increased competition in diabetes reversal could threaten Virta's market share.

Rising popularity of GLP-1 medications may divert clients from Virta's approach.

Regulatory changes in GLP-1 prescriptions could impact Virta's business model.

Differentiation

Virta Health offers a medication-free approach to reversing type 2 diabetes.

Their performance-based model aligns financial incentives with patient outcomes.

Virta's continuous remote care platform provides personalized nutrition and behavioral support.

Upsides

Virta Health has achieved over $100M in annualized revenue with sustainable weight loss solutions.

Partnerships with major payers like U-Haul enhance Virta's market reach and credibility.

Growing skepticism about GLP-1 medications boosts demand for Virta's alternative treatments.

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