Simplify Logo

Full-Time

Accounts Payable Manager

Confirmed live in the last 24 hours

Insitro

Insitro

201-500 employees

Machine learning for drug discovery efficiency

AI & Machine Learning
Biotechnology

Compensation Overview

$120k - $135kAnnually

+ Annual Performance Bonus + Equity Incentive Plan

Mid

San Bruno, CA, USA

Hybrid role requiring at least 3 days per week in the office.

Category
Financial Accounting
Management Accounting
Accounting
Requirements
  • Bachelor degree in Business, Finance, Accounting or related field
  • 5+ years of relevant work experience preferably in biotech
  • Accounting ERP system experience, preferably in Oracle Cloud or similar
  • Intermediate Excel skills and ability to work in G-Suite
  • Detail-focused, ensuring accuracy in organizing and analyzing data
  • Customer service oriented, can resolve issues through effective verbal and written communication
Responsibilities
  • Oversee the full-cycle accounts payable, including timely and accurate processing of invoices, expense reports, payments, reconciliations and process documentation
  • Drive process improvement by leading projects to implement automation and increase productivity and efficiency
  • Manage the corporate credit card program, including new card requests, card account reconciliations, and card administration
  • Manage corporate travel platform, including user account maintenance, policy adherence and exception approvals, and reporting
  • Manage quarterly use tax filings and 1099 year end filings in compliance with all state tax and IRS regulations, respectively
  • Manage monthly accounts payable close including preparation of journal entries and account reconciliations
  • Assist with financial audit requests and other ad-hoc requests and tasks as assigned

Insitro focuses on drug discovery and development in the pharmaceutical research sector. The company utilizes machine learning and biological tools to create predictive models that help identify successful paths for new medicines earlier in the process. This method aims to minimize the costly failures that often occur in pharmaceutical R&D. Insitro's team, which includes scientists, engineers, and drug hunters, collaborates to generate and analyze data to enhance the development of future drugs. Unlike traditional methods that rely heavily on intuition, Insitro's approach is data-driven and seeks to avoid unproductive routes in drug discovery. The company primarily serves pharmaceutical companies, healthcare providers, and research institutions looking for more effective drug development strategies. Insitro's goal is to improve the efficiency and success rate of bringing new medicines to market.

Company Stage

Series C

Total Funding

$825.4M

Headquarters

San Francisco, California

Founded

2018

Growth & Insights
Headcount

6 month growth

11%

1 year growth

20%

2 year growth

54%
Simplify Jobs

Simplify's Take

What believers are saying

  • With over $600 million in venture capital funding, Insitro is well-positioned for sustained growth and innovation in the pharmaceutical R&D sector.
  • The appointment of high-caliber professionals like Emily Fox and Philip Tagari strengthens Insitro's capabilities in AI-driven drug discovery and development.
  • Insitro's partnerships and board appointments, such as Amy Abernethy, indicate strong industry recognition and potential for impactful collaborations.

What critics are saying

  • The competitive landscape in AI-driven drug discovery is intense, with well-funded competitors like Xaira Therapeutics posing significant challenges.
  • Ethical and social justice issues related to AI in drug development, such as data privacy and diversity in clinical trials, could pose regulatory and reputational risks.

What makes Insitro unique

  • Insitro integrates machine learning with modern biological tools to create predictive models, setting it apart from traditional pharmaceutical R&D approaches.
  • The company's focus on data-driven insights and predictive modeling aims to reduce the high failure rates in drug discovery, a significant pain point in the industry.
  • Insitro's leadership team, including experts like Emily Fox and Philip Tagari, brings unparalleled expertise in AI, machine learning, and drug development, enhancing its competitive edge.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Excellent medical, dental, and vision coverage

Excellent mental health and well-being support

Open vacation policy

Access to free onsite baristas & cafe with daily lunch and breakfast

Access to free onsite fitness center

Commuter benefits

Paid parental leave

Competitive pay and 401(k) matching

Flexible work schedule (on site and remote)