Accounts Payable Specialist

About the Opportunity

At Medifast, our team members are relentless in our mission of driving Lifelong Transformation, Making a Healthy Lifestyle Second Natureâ„¢. When you join Medifast, you become part of a dynamic, fast-growing community of highly motivated, like-hearted people who share a passion for promoting health and wellness. Just as OPTAVIA Coaches inspire Clients to reach their personal wellness goals, at Medifast, we inspire each other to bring our best to work each day to further our shared mission. If you want to build a rewarding career that makes lives better on a daily basis, Medifast may be the perfect place for you.

Overview of Position

The Accounts Payable Specialist accurately facilitates the timely processing of vendor payments and travel and entertainment expense reimbursements for the company. The Specialist uses sound, independent judgment to reject requests for payment or reimbursement if they determine that the request is not in accordance with Sarbanes/Oxley (SOX) regulations or company policies. The Specialist posts vouchers to the General Ledger and reviews vendor statements to resolve discrepancies. The Specialist may assist with the implementation of new systems as a member of Accounting Department and provide cross-training to employees of all levels on new and upgraded systems. The Specialist communicates process changes required to internal and external partners. Accounts Payable work is divided into inventory transactions and non-inventory transactions.

II. Job Responsibilities

• Identify, sort and review vendor invoices to the correct business units and G/L mapping within 3 days of receipt. Research and process all open purchase orders and related invoices within 5 business days of receipt of goods and services. Maintain processing to the company�s benefit - ensuring discounts are taken and invoices are paid timely.
  

• Coordinate with Vendors, Buyers, and Distribution Centers to resolve discrepancies, questions and issues.
  

• Processes all Corporate travel card travel and expense transactions in Concur. Assist employees with open questions about expense reporting. Apply weekly charges for freight (UPS and FedEx) to expense report in Concur for timely posting of expense.
  

• Create and maintain checklist for monthly recurring invoices to avoid late fees and shut off notices; login to multiple vendor websites to retrieve invoices; maintain master login document.
  

• Complete weekly summary of disbursements to include confirmations from bank.
  

• Prepare month-end accounts payable accruals.
  

• Regularly review Accounts Payable Aging to apply open credits/debits in ERP system. Review statements from suppliers/vendors for unpaid invoices or open credits.
  

• Participate in new systems testing, implementation and training. Maintain neat and organized filing system. Retrieve invoices for auditors or others upon request. Complete additional ad hoc requests as needed.
  

III. Scope

Independent contributor that supports all divisions and departments within the company.

IV. Knowledge, Education, Skills & Abilities

• Associate�s degree in Accounting, Finance, Economics, or related field, or equivalent experience.
  
• 0-2 years of accounts payable or accounting experience.
  
• Proficiency with Microsoft Excel.
  
• Excellent verbal and written communication skills required.
  
• Previous experience with Oracle and Concur preferred.
  

At Medifast, Relationships Are At The Center Of What We Do!

We thrive by elevating our connections with one another as well as with our Coaches & Clients. We believe that everyone has the potential to be

OUTSTANDING. The Medifast culture is built on seven core values: integrity, courage, teaming, accountability, empowerment, partnership and diversity. These values aren’t just words on a page - they are celebrated as a core part of the company’s philosophy.

We Lead By…

Mastering Relationships: We build trust, promote collaboration and we are reliable.

Being Innovative: We strive to improve things in our areas of influence; test, refine and expand within the business strategy; and reach beyond real and perceived boundaries.

Simplifying: We are committed to making things measurable, repeatable and scalable; focusing on outcomes not activities; and eliminating complexity to increase focus.

Anticipating: We predict long-term business and organizational needs; challenge assumptions; and expect and prepare for the unexpected.

About Medifast®

Medifast (NYSE: MED) is the 40+ year old health and wellness company known for its habit-based and coach-guided lifestyle solution OPTAVIA ® , which provides people with a simple, yet comprehensive approach to address obesity and support a healthy life. OPTAVIA provides unparalleled coaching support along with community, tailored nutrition and healthy habits, and empowers people to master their weight loss journey through each stage of life. Through the company’s collaboration with national virtual primary care provider LifeMD® (Nasdaq: LFMD) and its affiliated medical group, customers now have access to GLP-1 medications where clinically appropriate. Medifast remains committed to its mission of offering Lifelong Transformation, Making a Healthy Lifestyle Second Natureâ„¢. Visit MedifastInc.com and OPTAVIA .com for more information and follow @Medifast on X and LinkedIn .

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Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.