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Accounts Payable Specialist

Synthekine

Menlo Park, CA, US
  • Job Type: Full-Time
  • Function: Accounting/Finance
  • Industry: Biotechnology
  • Post Date: 01/30/2023
  • Website: synthekine.com
  • Company Address: 1505 Obrien Drive, Suite A/D, Menlo Park, California 94025, US
  • Salary Range: $82,500 - $93,500

About Synthekine

Synthekine is an engineered cytokine therapeutics company developing disease-optimized treatments. The company uses immunological insights to guide targeted protein engineering to generate transformative medicines for cancer and autoimmune disorders.

Job Description

Synthekine is a Menlo Park, CA based biotechnology company focused on discovering and developing best in class cytokine therapeutics to treat cancer and autoimmunity. We use our unique insights on how cytokines bind to their receptors and tune these systems though protein engineering to generate therapeutics that have transformative potential. Synthekine was formed in 2019 and has raised $290M from leading biotech investors. We are advancing a deep pipeline of therapeutics against some of the most important cytokine targets. Come join us and help us give patients and physicians better options to treat disease and advance cytokine science along the way.

Position Summary:

Synthekine, Inc has a wonderful opportunity for an Accounts Payable Specialist to join our rapidly growing team. This role is responsible for leading full-cycle Accounts Payable. The responsibilities include entering invoices, vouching valid payables for payment, processing a weekly check run, researching PO/invoice issues and following up on non-invoiced receipts. The individual will also be responsible for ensuring a timely and accurate performance of financial close activities for the AP function each month.

Key Responsibilities:  

  • Processes accounts payable invoices validating quantities, prices, extensions, discounts and sales tax. Also ensure proper coding of new invoices processed.
  • Reconciles receiving and price related discrepancies with vendors and/or purchase order owners and Purchasing departments.
  • Maintains current and accurate records related to accounts payable such as master vendor info and terms, special purchase order instructions and guidelines.
  • Leads the weekly process of cash disbursements including the preparation of ACH, wire and check batches.
  • Communicates with Purchasing regarding inquiries and issues related to purchase orders. 
  • Communicates with internal department personnel regarding payable and receiving issues.
  • Responsible for all written and oral communication regarding payments and charges related to assigned vendors.
  • Researches and processes credit memos and re-bills for assigned vendors.
  • Reconciles vendor statements to ensure timely payment of outstanding invoices and resolution of discrepancies.
  • Reconciles AP subledger and Bill.com against the general ledger for month-end.
  • Assists with preparation, recording and maintenance of month-end close accounting accruals for vendor services / deliverables not billed by month-end.
  • Assists with quarterly and year-end audit requests from external auditors related to areas of responsibility.
  • Maintains and follows accounting and AP procedures in compliance with SOX internal controls.
  • Contributes to ERP system enhancement related to the procure to pay cycle processes.
  • Assists other team members or ad hoc projects, as needed.

Qualifications:

  • Associate degree with emphasis in Accounting or Finance; Bachelor’s degree preferred.
  • 6+ years’ experience in AP or similar Accounting Experience
  • Strong written and verbal English communication skills
  • Positive and proactive attitude, and ability to work autonomously when needed
  • Ability to be resilient to address issues or new situations
  • Ability to process ~ 500 invoices per month
  • Strong organizational skills
  • Bio-tech industry experience preferred
  • NetSuite, Bill.com and Point Purchasing systems experience a plus

The anticipated salary range for the position of Accounts Payable Specialist based in our Menlo Park, CA office is $82,500 to $93,500.  The final salary offered to a successful candidate will be dependent on several factors that may include but are not limited to the type and length of experience within the job, type, and length of experience within the industry, education, etc.  Synthekine is a multi-state employer, and this salary range may not reflect positions that work in other states. We comply with all state federal and local laws regarding pay practices.

Synthekine requires all new hires to be fully vaccinated prior to the first date of employment (subject to any legally required exemptions).

Synthekine is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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