Director of Accounts Payable and Procurement - Accounting

Posted Yesterday
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Boston, MA, USA
In-Office
120K-125K Annually
Expert/Leader
Healthtech • Social Impact
The Role
Leads accounts payable, procurement, contract management, vendor relationships, and organizational spending strategy. Oversees invoice processing, payment runs, three-way matching, internal controls, compliance with GAAP and federal grant regulations, tax filings, audits, banking relationships, and cost optimization. Manages the Accounts Payable and Credit Cards teams while negotiating vendor terms and ensuring procurement effectiveness and regulatory compliance.
Summary Generated by Built In

Bay Cove Human Services’ mission is to partner with people to overcome challenges and realize personal potential. Bay Cove pursues this mission by providing individualized and compassionate services to people facing the challenges associated with developmental disabilities, mental illness, substance use disorders, and homelessness at more than 175 program sites throughout Greater Boston and Southeastern Massachusetts.

Department: Finance

Reports To: Chief Financial Officer 

Mission Statement: Bay Cove Human Services partners with people to overcome challenges and realize personal potential.

Job Summary: 

The Director of Accounts Payable and Procurement is responsible for the end-to-end management of the organization's spending, including vendor selection, procurement strategy, and the efficient payment of financial obligations. The Director ensures that procurement policies and practices are compliant with federal and state regulations and contract obligations.  

Direct Reports: Manager of Credit Cards and Manager of Accounts Payable.

Key Responsibilities:

  • Strategic Leadership:

    • Direct and lead teams across accounts payable, procurement, and contract management.

    • Develop and implement organizational spending strategies to optimize cost spending and cash flow and to maximize mission-driven funding.

    • Create and enforce internal controls to safeguard assets and prevent fraud.

  • Purchasing & Procurement:

    • Manage the full procurement lifecycle, from needs assessment and vendor selection to contract monitoring and renewal.

    • Negotiate vendor terms and discounts to ensure cost-effective acquisition of goods and services.

    • Collaborate with legal counsel on contract requirements and compliance.

  • Vendor Management 

    • Identify and evaluate potential vendors and suppliers based on quality, price, and reliability.

    • Negotiate contracts and agreements with vendors to secure favorable terms and conditions.

    • Monitor supplier performance and resolve any issues or disputes that may arise.

    • Manage vendor relationships. 

  • Accounts Payable Operations:

    • Oversee high-volume invoice processing, payment runs, and expense report management.

    • Ensure accurate three-way matching (purchase orders, receipts, and invoices) for audit readiness.

  • Non-Profit Compliance & Reporting:

    • Ensure all expenditures comply with state and federal regulations under the Uniform Guidance as issued by the Office of Management and Budget (OMB) and GAAP standards. 

    • Oversee tax-related filings, such as annual 1099 processing and withholding tax requirements.

    • Support annual audits by providing detailed documentation and responding to inquiries. 

  • Relationship Management: 

    • Collaborate with internal stakeholders to understand their procurement needs and requirements.

    • Manage banking relationships.

Required Qualifications:

  • Education: Bachelor’s degree in Accounting, Finance, or Business Administration is required. MBA preferred

  • Experience: 8–10+ years of professional financial management experience, with at least 6 years in a supervisory or leadership role.

  • Industry Knowledge: Deep familiarity with fund accounting, government grant reporting, and OMB Circulars is highly preferred.

  • Technical Skills: Proficiency in ERP and accounting software - Microsoft Dynamics and advanced Microsoft Excel skills preferred

Required Skills:

  • Strong negotiation skills

  • Excellent analytical abilities

  • Proficiency in procurement software and tools

  • Deep understanding of supply chain management principles

  • Effective communication and interpersonal skills

  • Strategic thinking and decision-making abilities

  • Knowledge of contract law and vendor management

Desired Skills:

  • Experience in procurement in non-profit human services organizations

  • Leadership and team management skills

  • Advanced degree in Business Administration or Supply Chain Management

  • Certification in Procurement or Supply Chain Management (e.g., CSCP, CPSM)

Bay Cove Human Services is an Equal Opportunity Employer and does not discriminate on the basis of race, ethnicity, religion, sex, gender identity or expression, national origin, sexual orientation, disability, age, veteran status, or any other groups as protected by Massachusetts or federal law. All qualified candidates, regardless of background, are encouraged to apply.

Bay Cove Human Services does not offer visa sponsorships at this time and will require candidates to be authorized to work in the United States.

 

Pay Range: $120,000-$125,000

Skills Required

  • Bachelor's degree in Accounting, Finance, or Business Administration
  • 8–10+ years of professional financial management experience
  • At least 6 years of supervisory or leadership experience
  • Familiarity with fund accounting, government grant reporting, and OMB Circulars
  • Proficiency with ERP and accounting software, including Microsoft Dynamics
  • Advanced Microsoft Excel skills
  • Strong negotiation skills
  • Excellent analytical abilities
  • Proficiency in procurement software and tools
  • Understanding of supply chain management principles
  • Effective communication and interpersonal skills
  • Strategic thinking and decision-making abilities
  • Knowledge of contract law and vendor management
  • Experience in procurement within nonprofit human services organizations
  • Leadership and team management skills
  • MBA or advanced degree in Business Administration or Supply Chain Management
  • Procurement or supply chain certification, such as CSCP or CPSM
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The Company
HQ: Boston, MA
2,000 Employees
Year Founded: 1974

What We Do

Bay Cove Human Services is a Boston-based organization dedicated to improving the quality of life of individuals and families facing the lifelong challenges of developmental disabilities. Its broader human-services work helps save lives, supports returns to stable housing and employment, and improves communities. Bay Cove’s mission is centered on compassionate assistance that enables people and families to navigate long-term challenges and pursue healthier, more stable lives with dignity.

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