Full-Time

Accounts Payable Specialist

Posted on 8/20/2024

Wealthfront

Wealthfront

201-500 employees

Automated investment and wealth management services

Fintech
Financial Services

Compensation Overview

$79k - $92kAnnually

+ Bonus + Equity

Junior, Mid

Remote in USA

Open to US-based remote.

Category
Bookkeeping
Financial Accounting
Financial Analysis
Accounting
Required Skills
NetSuite
Requirements
  • 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
Responsibilities
  • 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

Wealthfront offers a digital platform for wealth management, focusing on helping individuals grow their wealth through automated investment services. Its primary product is a robo-advisor that manages client funds for long-term investment, along with a high-yield cash account and a diversified bond portfolio. Wealthfront stands out by providing user-friendly, automated financial services and charges an advisory fee based on investment returns. The company's goal is to empower clients to save and invest effectively to maximize their financial growth.

Company Stage

Series E

Total Funding

$198.9M

Headquarters

Palo Alto, California

Founded

2011

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-2%

2 year growth

-4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Wealthfront's cash account now offers up to $8 million in FDIC insurance.
  • The company has reached $50 billion in client assets, indicating strong growth.
  • Increased demand for AI-driven financial advice aligns with Wealthfront's robo-advisor services.

What critics are saying

  • Increased competition from robo-advisors and traditional institutions may erode market share.
  • Free wire transfers could increase operational costs without boosting revenue.
  • Expansion into stock trading faces competition from established platforms like Robinhood.

What makes Wealthfront unique

  • Wealthfront offers a high-yield cash account with industry-leading 5.00% APY.
  • The company provides a diversified bond portfolio with tax advantages and no maturity dates.
  • Wealthfront's automated investment platform uses award-winning algorithms for long-term wealth growth.

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Benefits

Free lunches, snacks, coffee

Receive 1:1 mentorship

Caltrain pass, an additional transportation stipend, and relocation bonuses

Monthly wellness reimbursement

Discretionary time off policy and offer 16 weeks of paid parental leave

Comprehensive medical, dental and vision coverage

INACTIVE