Director, Revenue Accounting

Job Responsibilities

The Director of Revenue Accounting is responsible for overseeing financial operational accounting related to revenue, including managed care, store audit, retail revenue, deferred revenue, and related technical accounting for all revenue functions. The role ensures an accurate and efficient close process, including the preparation and review of journal entries, account reconciliations, reports, and analyses to support conclusions or the preparation of ASC technical memos to support conclusions. This person leads, manages and coaches direct reports; maintains and administers financial systems used in the accounting department; and develops and implements accounting processes, policies and procedures

What Would You Do? The Specifics

• Responsible for overseeing revenue recognition processes in compliance with ASC 606 (Revenue from Contracts with Customers) within the managed care channel.
• Management of support personnel in sales audit and accounting.
• Evaluating managed care payer agreements to determine revenue recognition treatment or other new revenue agreements.
• Evaluating managed care payer agreement reimbursement rates to determine payer reserve analysis
• Monitoring billing, claims processing, and payment reconciliations performed by the RSC managed care team to determine accounting impacts.
• Assessing revenue trends and projecting financial outcomes related to payer reimbursement rates through the use of Microsoft BI.
• Ensuring alignment with healthcare regulations and payer policies.
• Using financial payer data (data analytics) to drive strategic decision-making. Experience with Microsoft BI is necessary.
• Working with Finance, Managed Care Operations, and Executive Teams on future enhancements.
• Assisting with internal and external audits related to revenue accounting.
• Enhancing automation and efficiency in revenue recognition workflows.
• Maintains revenue closing schedule and schedule of monthly tasks for the revenue function.
• Evaluates and implements best practices and process improvements for accounting and reporting to include detailed documentation of processes and controls.
• Ensure controls are followed in compliance with SOX.
• Manage the team that maintains and administers sub-ledger reconciliations to the managed care system of record.
• Manages the store audit function to ensure all POS sales are accurately recorded on the general ledger.
• Manage the team responsible for reconciling store audit entries to cash and 3rd party sources.
• Identifies areas of improvement in relation to financial systems; works to develop efficiencies in accounting procedures.
• Assists with annual budgets, preparing or overseeing the preparation of information needed to ensure the timely completion of the annual budget.
• Prepares or oversees the preparation of schedules and support for the SEC team, as needed.
• Performs ad hoc reporting and analysis as required.

Preferred Qualifications

Work Experience: 10+ years Progressive revenue accounting experience (Required)

Education: Four-year college degree or equivalent experience. Bachelor's degree in Accounting/Finance (Required)

CPA or CMA (Preferred)

Additional Skills

• Advanced Excel (Required)
• Ability to utilize analytical tools like Power BI to inform analysis & recommendations (Required)
• General Ledger/ERP System - Oracle (Required)
• Strong Understanding of U.S. GAAP (Required)
• Trintech (Preferred)
• BlackLine (Preferred)

Additional Information

Taking Care of our People!

We understand the importance of financial health and security, and because of that, we provide competitive compensation to all associates. We also offer a comprehensive benefits package including health and dental insurance, 401k retirement savings with company match, flex spending account, paid personal time off, paid company holidays, parental leave, employee eyewear discount, and much, much more. At National Vision, we strive to deliver opportunities for professional growth and long-term career fulfillment. We provide training programs and access to educational courses and pride ourselves on the ever-increasing amount of promotions from within.

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We are an equal opportunity employer.  We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetic information, disability, veteran status, and other legally protected characteristics.