Director, Accounts Payable/Receivable and Revenue

Responsibilities
Under the supervision and direction of the Vice President of Accounting, the Director of Accounts Payable, Accounts Receivable and Revenue oversees the day-to-day activities of the Accounts Receivable and Accounts Payable teams while partnering with accounting leadership to provide strategic direction to the accounting team. This is a hands-on leadership role responsible for ensuring the accuracy, timeliness, and integrity of all billing, collections, and disbursement processes within the organization.

Essential Functions And Work Responsibilities
The Director drives continuous improvement in processes and systems to enhance accuracy, efficiency, and compliance across the full revenue and payment cycles. This role supervises and assists in resolving AR and AP issues, supports acquisitions and integrations, and leads ad hoc projects as needed. The Director also maintains strong vendor relationships and collaborates closely with Purchasing, Procurement, Treasury, and Accounting to ensure seamless procure-to-pay operations.

Leadership & Team Management

• Lead, mentor, and develop the Revenue, Accounts Receivable and Accounts Payable teams to ensure high performance, accuracy, and adherence to deadlines.
• Oversee day-to-day AR billing, and AP operations, including invoice processing, approval workflows, collections, payments, reconciliations and expense reimbursements.
• Foster a collaborative environment and build strong working relationships with internal stakeholders and external vendors.
• Establish clear performance goals, metrics, and development plans for staff.

Revenue and Accounts Receivable Operations

• Oversee billing processes to ensure timely and accurate invoicing, payment posting, and revenue recognition in compliance with GAAP and organizational policies.
• Manage the full accounts receivable cycle, including collections, reconciliations, and month-end close activities.
• Ensure participant accounts are properly maintained, and discrepancies are promptly resolved.
• Collaborate with operational and finance teams to ensure proper recording and reporting of revenue transactions.
• Ensure revenue reserves are accurately calculated, properly supported and reviewed regularly for reasonableness.
• Develop and monitor key AR and revenue metrics, including DSO, aging, cash collections, and billing accuracy.

Accounts Payable Operations

• Manage the full accounts payable cycle to ensure timely and accurate processing of invoices and disbursements in compliance with GAAP, organizational policies, and regulatory requirements.
• Review and approve account coding, invoices, and payment batches to ensure accuracy and proper authorization.
• Oversee accrual processes, cutoff procedures, and reconciliations related to AP at month-end and year-end close.
• Provide timely and accurate AP dashboard metrics and reporting to support decision-making.

Accounting & Financial Integration

• Ensure that Revenue, AR and AP transactions are properly recorded in the general ledger and support the monthly, quarterly, and annual close processes.
• Collaborate with the accounting team to ensure proper revenue recognition, expense accruals, and financial reporting.
• Review and validate adequacy of revenue reserves ensuring current collection trends and write-off risks are reflected.
• Partner with Treasury on cash flow forecasting and payment timing strategies.

Systems & Process Improvement

• Serve as a subject matter expert for Oracle Fusion, leading configuration, troubleshooting, and optimization of AP modules to improve efficiency and accuracy.
• Identify opportunities to streamline and automate billing, collections and disbursement processes, implementing best practices and leveraging system capabilities.
• Collaborate with IT and Finance to ensure ERP system integrity, data accuracy, and effective reporting.

Compliance & Internal Controls

• Maintain strong internal controls over disbursements to reduce risk of errors, fraud, and noncompliance.
• Ensure adherence to organizational policies, GAAP, IRS 1099 reporting requirements, and relevant PACE program regulations.
• Partner with Procurement, Internal Audit, and Compliance to strengthen processes and ensure alignment with regulatory and contractual obligations.

Strategic & Cross-Functional Collaboration

• Provide strategic insights and data analytics to support broader accounting initiatives and organizational goals.
• Participate in acquisition and integration activities, ensuring smooth transition of Revenue, AR and AP processes.
• Lead or support cross-departmental projects to improve the revenue and procure-to-pay cycles, and financial controls.

Travel
Less than 3%.

Qualifications
Education and Experience:

• Bachelor's degree in Accounting required.
• CPA or Master's degree in Accounting, Finance, or related field preferred.
• Minimum of 10 years of progressive accounting and accounts payable experience, including at least 3 years in a leadership or managerial role.
• This position requires more than transactional experience, it requires a strong accounting background to support general ledger integration, financial reporting, internal controls, and process improvement. Hands-on experience with Oracle Fusion is required, as the role will leverage the system to optimize workflows, reporting, and integration with the general ledger.
• Strong understanding of GAAP, accounting close processes, and internal controls required.
• Hands-on experience with Oracle Fusion ERP is required, including AR, AP and GL modules.
• Experience in healthcare or PACE program operations strongly preferred.
• Experience with acquisitions and integration of AR and AP processes is a plus.

Knowledge, Skills, And Abilities

• Deep understanding of end-to-end accounts payable processes and their integration with the general ledger.
• Proven ability to lead and develop teams in a high-volume, deadline-driven environment.
• Strong analytical, problem-solving, and process improvement skills.
• Advanced proficiency with Oracle Fusion and Excel; ability to leverage technology to improve processes and reporting.
• Excellent verbal and written communication skills, with the ability to build strong cross-functional relationships.
• High level of integrity, attention to detail, and commitment to accuracy and compliance.
• Ability to manage multiple priorities, adapt to change, and drive strategic initiatives.

Working Conditions / Additional Information

• Hybrid work schedule.
• Standard office environment with extended hours required during peak periods such as month-end, quarter-end, and year-end close.
• Occasional travel may be required.
• Must be able to work effectively in a fast-paced environment with competing priorities and deadlines.
• This position may involve handling confidential and sensitive information, requiring the highest level of discretion and professionalism.

Benefits
InnovAge is dedicated to empowering seniors to live independently, allowing them to age in their own homes and communities safely. InnovAge offers an alternative to nursing homes through its Program of All-inclusive Care for the Elderly (PACE), which provides enrolled seniors with customized healthcare and social support at PACE Adult Day Health Centers. These centers are staffed by medical professionals who are committed to creating personalized care plans for each participant. At InnovAge, our team members are our greatest asset and have a significant impact on the lives of our participants every day. When you join InnovAge, you'll work alongside talented, respectful, and passionate colleagues within a patient-centered care model.

InnovAge is committed to equal opportunity and affirmative action, and we strive to create a diverse and inclusive workplace. We consider all qualified candidates for employment without discrimination based on race, color, religion, sex, sexual orientation, gender identity/expression, national origin, disability, protected veteran status, pregnancy, or any other protected status. Salaries are determined by various factors such as qualifications, experience, and location, and do not include potential bonuses or benefits. Our extensive benefits package includes medical/dental/vision insurance, short and long-term disability, life insurance and AD&D, supplemental life insurance, flexible spending accounts, 401(k) savings, paid time off, and company-paid holidays.

Applicants are considered until the position is filled.

Posted Pay Range
$140,000-$170,000

Additional Information
Compensation Disclaimer
The pay may vary depending on job related factors, such as work location, experience, knowledge, skills, education, certifications, training and internal equity. InnovAge offers a comprehensive benefits package, which includes medical, dental, vision, 401(k) plan with company match, short and long-term disability, life insurance, supplemental life insurance, ADD, flexible spending account, paid time off and company paid holidays.

Agency Disclaimer
InnovAge will not accept unsolicited resumes from search firms for this employment opportunity. Regardless of past practices, all candidates/resumes submitted by search firms to InnovAge by any means without a valid written search agreement in place for that position will be deemed the property of InnovAge and no fee will be paid in the event such candidate is hired by InnovAge.