Full-Time

Accounts Payable Specialist

BF0029

Updated on 11/20/2024

Charm Industrial

Charm Industrial

51-200 employees

Carbon capture and storage solutions provider

Food & Agriculture
Energy

Compensation Overview

$55k - $75kAnnually

Junior, Mid

No H1B Sponsorship

Fort Lupton, CO, USA

Hybrid position based in Fort Lupton, CO.

Category
Auditing
Cost Accounting
Financial Accounting
Tax Accounting
Management Accounting
Payroll Accounting
Accounting
Requirements
  • Bachelor's degree in Accounting, Finance, or related field.
  • 2+ years of experience in accounts payable or a similar role.
  • Strong attention to detail and accuracy in data entry and financial reporting.
  • Excellent organizational and time management skills.
  • Ability to work independently and collaboratively in a team environment.
  • Strong communication skills, both verbal and written.
Responsibilities
  • Onboard new vendors with all proper documentation.
  • Manage accounts payable for multiple subsidiary companies, ensuring accurate and timely processing of invoices and payments across entities.
  • Oversee the coding, management, and compliance of both virtual and physical credit cards to ensure alignment with company policies.
  • Audit and process employee expense reports in accordance with company policies and procedures.
  • Maintain accurate records for all accounts payable transactions and support audit processes as needed.
  • Resolve invoice discrepancies and address any vendor inquiries.
  • Assist with month-end close processes regarding Accounts Payable.
  • Contribute to process improvement and policy updates within the function.

Charm Industrial focuses on carbon capture and storage to help combat climate change. The company collects agricultural residues, which are the leftover parts of crops after harvesting, and converts them into bio-oil using a process called pyrolysis. This process transforms biomass into a carbon-rich liquid through a self-sustaining reaction. The bio-oil is then pumped deep underground, where it solidifies and permanently removes carbon dioxide (CO2) from the atmosphere. This method not only helps in reducing CO2 levels but also minimizes risks like wildfires and soil erosion. Charm Industrial's business model targets clients in the agricultural sector, charging them for the conversion of their agricultural residues into bio-oil and its subsequent storage underground. The goal is to provide a practical solution for reducing carbon footprints and promoting sustainability.

Company Stage

Series B

Total Funding

$122.1M

Headquarters

San Francisco, California

Founded

2018

Growth & Insights
Headcount

6 month growth

20%

1 year growth

57%

2 year growth

110%
Simplify Jobs

Simplify's Take

What believers are saying

  • The $100M Series B funding will enable Charm Industrial to scale its operations significantly, potentially leading to rapid growth and increased market share.
  • Charm Industrial's technology not only captures carbon but also improves soil health with biochar, offering additional value to agricultural clients.
  • The company's collaboration with Carbon Direct and EcoEngineers to develop MRV standards positions it as a leader in setting industry benchmarks for carbon removal.

What critics are saying

  • The nascent stage of the bio-oil sequestration market means there is still uncertainty around long-term adoption and regulatory support.
  • Scaling operations to a continent-wide fleet of pyrolyzers presents logistical and operational challenges that could strain resources and impact efficiency.

What makes Charm Industrial unique

  • Charm Industrial's unique bio-oil sequestration process offers a permanent carbon removal solution, unlike many competitors who focus on temporary carbon offsets.
  • The company's focus on converting agricultural residues into bio-oil not only addresses carbon capture but also mitigates wildfire risks and soil erosion, providing a multi-faceted environmental benefit.
  • Charm Industrial's recent $100M Series B funding round, led by General Catalyst, underscores strong investor confidence and provides significant capital for scaling operations.

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