Staff Accountant

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About Instylla:

Instylla, Inc. is a privately held medical device company based in Bedford, MA, focused on developing novel resorbable embolic agents to advance interventional radiology, with initial clinical applications in interventional oncology. Instylla was founded in 2017 by Incept LLC and is funded by several leading venture capital groups. The company’s flagship product, Embrace™ Hydrogel Embolic System, is FDA-approved for hypervascular tumor embolization and offers controlled, targeted, and persistent embolization.

Position Summary/Role and Responsibilities:

The Staff Accountant will work closely with the Accounting and Finance team and collaborate with cross-functional departments and project teams throughout the organization. This individual is responsible for supporting the month-end close process and operational finance tasks such as accounts payable and payroll. The Staff Accountant will contribute to a wide range of accounting activities including general ledger, cash, operations, accounts receivable, compliance, and project accounting.

• Support the month-end close, including but not limited to account reconciliations and financial statement package preparation.
• Prepare and record monthly recurring and adjusting journal entries including allocations, prepaids, accruals, and reclassifications.
• Reconcile bank accounts and prepare treasury related general journal entries as required to complete the monthly bank reconciliation.
• Assist in maintaining company’s lease accounting and fixed asset schedules, including tracking, additions, disposals, and depreciation.
• Process vendor invoices, vendor payments, and related transactions.
• Maintain the vendor master record, including preparation of new vendor accounts, payment and tax documentation and preparing annual 1099 tax filings.
• Prepare all company payroll runs within BambooHR.
• Review and process all employee expense reports within SAP Concur.
• Support annual audit and annual tax filings by providing necessary records, schedules, and documentation to auditors and tax accountants.
• Act as a backup for customer order entry and payment processing, providing excellent customer service when supporting daily order fulfillment and account collections.
• Collaborate with cross functional teams (such as operations, clinical, quality) to gather necessary financial information, resolve discrepancies, and support operational initiatives.
• Assist in annual Sunshine Reporting and training compliance process.
• Become a QAD super user and provide input regarding system improvement initiatives, including recommending, testing and implementing new features and functionality.
• Support leadership with ad hoc projects and analysis as requested.

Qualifications and Education Requirements:

• Bachelor's degree in accounting or finance.
• 1-3 years of experience in finance or accounting.

Knowledge/Skills:

• Demonstrated knowledge of GAAP accounting and accounting operations, including Accounts Payable, Accounts Receivable, General Ledger and Account Reconciliations.
• Experience with accounting systems, like QAD, Quickbooks, Netsuite, or other ERP solutions a plus.
• Immensely detail-oriented and organized individual who is an analytical and critical thinker and problem solver.
• A curious and creative problem solver excited by the opportunity to learn new technologies, including AI and solutions that can advance and make an impact in a scaling organization.
• Possesses an exceptional professional, customer service approach when interacting with both internal and external parties, fostering a positive and collaborative team environment.

Working Style:

• Comfortable collaborating cross-functionally
• Hands on self-starter
• Problem solver
• Comfortable in a continually changing environment
• Eager to pitch in and help get the job done

Working Conditions:

• Long periods of time working on a computer.