Accounts Payable and Receivable Analyst

Description

Position Summary

At Vero Biotech, innovation drives us. We are a rapidly growing life sciences company developing cutting-edge solutions like the GENOSYL® DS, the first FDA-approved tankless inhaled nitric oxide delivery system. As a small, dynamic biotech company, we offer an exciting environment for growth, creativity, and meaningful impact.

• Accounts Payable (AP) Operations:
  • Manage AP processes, including invoice processing, vendor management, and payment reconciliations.
  • Ensure accuracy and timeliness of payments while addressing vendor queries and discrepancies.
  • Maintain relationships with key vendors and internal departments for smooth payment workflows.
• Accounts Receivable (AR) and Cash Applications:
  • Assist with invoicing and payment collections.
  • Record customer payments and correctly apply cash received to open invoices.
  • Reconcile AR balances and resolve payment discrepancies.
  • Monitor outstanding balances, send reminders, and follow up on overdue invoices.
• Support for GL Accounting and FP&A:
  • Collaborate on monthly close processes, including preparing journal entries and account reconciliations.
  • Provide financial insights by assisting in variance analysis and budget tracking.
  • Help develop reports to support financial planning and strategic decisions.
  • Perform other tasks as assigned by members of the Accounting and Finance team.
• Process Improvement:
  • Identify and implement process improvements for greater efficiency in AP and AR workflows.
  • Assist with developing internal controls and compliance procedures.
• Cross-Functional Collaboration:
  • Work closely with other departments throughout the company to maintain accurate financial records and support project-based initiatives.

Qualifications

Required Qualifications

• Associate degree in accounting or related field
• Understanding of double-entry bookkeeping and accounts payable processes and procedures
• Working experience with an ERP system
• Minimum of 1 year of accounts payable experience
• Excellent communication skills and attention to details
• Ability to multi-task
• Self-starter and critical thinker
• Perform under minimal supervision to perform a variety of tasks in a fast-paced environment
• Ability to maintain confidentiality of company and partner information
• Proficiency in Microsoft Excel
• Proficient with Microsoft Office Suite

Preferred Qualifications

• Working experience with NetSuite
• 2 or more years of accounts payable experience
• Experience with accounts receivable collections
• Experience with 1099 issuance, payroll processing and state tax filing