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Accounts Payable Specialist

Position Summary:

The Accounts Payable Specialist will be responsible for processing invoices, travel & expense reports, managing workflows, researching discrepancies, and communicating with vendors as well as assisting with accounting period-end close accruals and working on special items as needed. This individual will work effectively with personnel from other departments to ensure timely and accurate invoice posting, ensuring compliance with company policies and industry regulations on all payments to employees and suppliers.

Essential Job Functions and Responsibilities:

These may include but are not limited to:

  • Process a high volume of invoices in Coupa, ensuring proper coding, tax classification and approval routing.
  • Communicate with vendors, team members, and other individuals as needed to resolve invoice/purchase order discrepancies or obtain missing documents.
  • Monitor and maintain accounting mailbox, effectively responding to external supplier, and internal customer inquiries promptly.
  • Onboard new suppliers, obtaining completed tax forms and payment information, verbally verifying all new banking information to guard against fraud.
  • Review and reconcile vendor statements for completeness, payment status, and reconcile any differences.
  • Establish cross-functional relationships while driving process efficiency.
  • Work with shipping and receiving regarding invoices pending product receipt.
  • Review employee expense reports for compliance with Crinetics policies.
  • Follow up on past due expense reports to ensure their timely submission and processing.
  • Continually assess and enhance the expense reporting process with the Compliance team, implementing best practices and providing additional training to users when necessary.
  • Identify, provide input to and/or support improvements to systems and processes to drive efficiency and enhance effectiveness.
  • Assist with SOX and compliance audit requests.
  • Perform internal quality control audits to ensure compliance with Federal Sunshine Act and state law reporting requirements; resolve audit escalations if necessary.
  • Assist in the month-end closing process for accounts payable, reconciling accounts, and providing accurate financial data for reporting purposes.
  • Support and/or perform the issuance of Form 1099’s and similar tax documents.
  • Other duties as assigned. Prioritizing processing invoices based on due dates and resolving escalated issues in a timely manner.

Education and Experience:

  • Bachelor’s degree in accounting, finance or related business field preferred.
  • Working knowledge and experience with Sunshine Act Compliance preferred.
  • Minimum 2 years of experience with general ledger coding.
  • Exceptional data analysis and analytical skills.
  • Ability to identify and define problems, collect supporting data, establish facts, propose solutions, and meet deadlines.
  • Effective communication: ability to productively interact with others at all levels – within and outside the Finance department.
  • Motivated to develop and maintain internal and external relationships.
  • Self-starter who is drawn towards taking initiative, can multi-task, and possess the ability to respond to inquiries and effectively present information to accounting and business managers.

Physical Demands and Work Environment:

Physical Activities: On a continuous basis, sit at desk for a long period of time; intermittently answer telephone and write or use a keyboard to communicate through written means. Some walking and lifting up to 25 lbs. may be required. The noise level in the work environment is typically low to moderate. The physical demands described above are representative of those that must be met by an employee to successfully perform the essential functions and responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and responsibilities.

Laboratory Activities (if applicable): Biology and chemical laboratory environment experience needed. Environmental health and safety requirements also apply.

Travel:

You may be required to travel for up to 5% of your time.

The Anticipated Base Salary Range: $33.17-$36.53

In addition to your base pay, our total rewards program consists of a discretionary annual target bonus, stock options, ESPP, and 401k match. We also provide top-notch health insurance plans for employees (and their families) to include medical, dental, vision and basic life insurance, 20 days of PTO, 10 paid holidays, and a winter company shutdown.

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 and education. Crinetics Pharmaceuticals is a multi-state employer, and this salary range may not reflect positions that work in other states. Your recruiter can share more about the specific salary range during the hiring process.

Equal Opportunity Employer:

Crinetics is proud to be an Equal Opportunity Employer. We provide equal employment opportunities to all employees and employment applicants without regard to unlawful considerations of sex, sexual orientation, gender (including gender identity and/or expression), pregnancy, race, color, creed, national or ethnic origin, citizenship status, religion or similar philosophical beliefs, disability, marital and civil union status, age, genetic information, veteran status or any personal attribute or characteristic that is protected by applicable local, state or federal laws.

Vaccination requirement:

Following extensive monitoring, research, consideration of business implications, and advice from internal and external experts, Crinetics requires that all employees and contractors be fully vaccinated and have received the COVID-19 vaccines as a condition of employment. “Full vaccination” is defined as two weeks after both doses of a two-dose vaccine or two weeks since a single-dose vaccine has been administered. Anyone unable to be vaccinated, either because of a sincerely held religious belief or a medical condition or disability that prevents them from being vaccinated, can request a reasonable accommodation.

Average salary estimate

$72596.5 / YEARLY (est.)
min
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$69174K
$76019K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Accounts Payable Specialist, Crinetics

Are you an enthusiastic and skilled Accounts Payable Specialist looking for an exciting opportunity in California at Crinetics Pharmaceuticals? In this role, you'll play a crucial part in ensuring our financial operations run smoothly. You’ll be responsible for processing a high volume of invoices using Coupa, while also managing travel and expense reports. Communication will be key as you liaise with both vendors and internal team members to resolve any discrepancies or obtain necessary documents. We encourage you to bring your strong analytical skills to review vendor statements and reconcile accounts, driving efficiency throughout our processes. In addition to the day-to-day operations, you’ll support month-end closing processes and assist in compliance audits, all while fostering strong cross-functional relationships. We’re looking for someone with a Bachelor’s degree in accounting or a related field, along with at least 2 years of relevant experience. If you're a self-starter who thrives in a collaborative environment and can juggle multiple tasks, we would love to see how you can contribute to our innovative team. Join us at Crinetics, where your contributions will be valued, and your career can thrive!

Frequently Asked Questions (FAQs) for Accounts Payable Specialist Role at Crinetics
What are the responsibilities of an Accounts Payable Specialist at Crinetics Pharmaceuticals?

The Accounts Payable Specialist at Crinetics Pharmaceuticals is responsible for processing invoices and travel expense reports, managing workflows, and resolving discrepancies. Your role will involve maintaining effective communication with vendors and other departments, monitoring the accounting mailbox for inquiries, and onboarding new suppliers to ensure compliance with our financial policies.

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What qualifications are required for the Accounts Payable Specialist position at Crinetics?

To excel as an Accounts Payable Specialist at Crinetics Pharmaceuticals, candidates should have a Bachelor’s degree in accounting, finance, or a related field. Preferred qualifications also include at least 2 years of experience with general ledger coding, exceptional analytical skills, and familiarity with Sunshine Act compliance.

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How does Crinetics Pharmaceuticals ensure compliance in the Accounts Payable process?

Crinetics Pharmaceuticals emphasizes compliance through thorough processes and regular internal audits performed by the Accounts Payable Specialist. This includes ensuring adherence to the Federal Sunshine Act and state law reporting requirements while assisting with SOX compliance audit requests.

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What tools does the Accounts Payable Specialist use at Crinetics Pharmaceuticals?

The Accounts Payable Specialist at Crinetics Pharmaceuticals primarily utilizes Coupa for processing invoices. You will also engage with various tools to manage expense reports and workflow management, ensuring efficient operation and timely resolution of payments.

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What is the work environment like for an Accounts Payable Specialist at Crinetics?

The work environment for an Accounts Payable Specialist at Crinetics Pharmaceuticals is typically low to moderate noise level, with tasks performed at a desk. This role may require some physical activities such as walking and occasionally lifting up to 25 lbs, ensuring a balanced and engaging workplace.

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Common Interview Questions for Accounts Payable Specialist
Can you describe your experience with invoice processing as an Accounts Payable Specialist?

When answering this question, detail your previous roles where you handled a high volume of invoice processing. Share specific examples of systems you used, the volume of transactions, and how you ensured accuracy and compliance in your work.

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How do you handle discrepancies in invoices?

Approach this question by explaining your problem-solving steps. Describe your method of identifying the discrepancy, the communication processes you employed with vendors or internal teams, and how you worked towards a resolution while ensuring compliance with company policies.

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What strategies do you use to prioritize tasks in a busy accounts payable environment?

Discuss the methods you utilize to manage your time effectively, like creating task lists based on due dates, using project management tools, or setting reminders for important deadlines. Emphasize your organizational skills and ability to multi-task.

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What experience do you have with compliance regulations relevant to accounts payable?

Use this opportunity to outline your knowledge of regulations such as the Federal Sunshine Act, and any experiences you’ve had in audit processes. Provide examples of how you’ve ensured compliance in your past roles and any training you may have received.

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Describe your experience with vendor communication.

Talk about the importance of effective communication in your previous role. Provide examples of how you addressed vendor inquiries, resolved conflicts, and maintained strong professional relationships to ensure smooth transactions.

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How do you ensure accuracy in your accounts payable tasks?

In your response, highlight the techniques you employ, such as double-checking entries, using data validation methods, or implementing checklists. Discuss any tools or software that help you maintain accuracy in your work.

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What role does teamwork play in the accounts payable process?

Share your insights on the importance of collaboration within the finance team and other departments. Offer examples of situations where teamwork was essential in resolving issues or improving processes.

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How have you improved processes in your previous accounts payable roles?

Reflect on specific instances where you’ve identified inefficiencies and implemented solutions. Provide details about the changes you made and the positive impact they had on the team's overall efficiency and productivity.

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How do you stay updated on changes in accounting regulations?

Detail your proactive approach to continual learning, such as participating in professional development courses, attending seminars, or subscribing to relevant industry publications. Explain how this knowledge helps you maintain compliance.

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What excites you most about the Accounts Payable Specialist position at Crinetics Pharmaceuticals?

Express your enthusiasm for the role by discussing how Crinetics’ commitment to innovation and excellence aligns with your professional goals. Mention the collaborative environment and the opportunity to contribute to a reputable company as key motivating factors.

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DATE POSTED
March 27, 2025

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