Cannabis Cost Accounting Manager Jobs

Outsourced Accounting Cost Accounting Manager

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Withum is a forward-thinking, technology-driven advisory and accounting firm, helping clients to Be in a Position of StrengthSM in today's modern business landscape. Withum empowers clients with innovative tools and solutions to address their accounting, tax and overall business management needs. Withum is a place where talent thrives. We recruit only the best and brightest people, with a genuine passion for the business.

Withum's Outsourced Accounting Systems and Services (OASyS) team is seeking an Outsourced Accounting Manager with a Cost Accounting focus to join our growing team in any of our US Office locations. They will oversee and work together with staff and senior team members to service a wide range of companies and supply chain industries (manufacturing, distribution, cannabis, construction, and consumer products). Are you a proven problem solver with a knack for numbers? Are you dedicated, hardworking and a great team player? If so, this position may be for you!

Withum's brand is a reflection of our people, our culture and our strength. Withum has become synonymous with teamwork and client service excellence. The cornerstone of our success can truly be accredited to the dedicated professionals who work here every day, whose mission is to help our clients grow and thrive - to be in a position of strength. But our commitment goes beyond our clients as we continue to live the Withum Way, promoting personal and professional growth for all team members, clients, and surrounding communities.

How You'll Share Your Expertise:

• Developing cost standards for materials, labor, and overhead


• Overseeing timely and accurate month-end cost accounting and inventory management close responsibilities


• Reviewing financial reports & analysis for product profitability, standard costing variances, and inventory valuation


• Performing business analysis and preparing periodical / ad hoc reports to support business decisions and to improve business performance / profitability (e.g., cost / benefit analysis of expenditures, lease vs buy scenarios, sensitivity analysis of volatile raw material prices, labor and overhead)


• Preparing the related reports (e. g. P&L, Capital and operational expenditures, risk, scenario and presentation) and coordinating all involved parties; ensuring link between top-down targets and bottom-up planning; conducting gap analysis between actual and planned data


• Building and supervising a team of cost and inventory accounting staff


• Evaluating and researching inventory valuation methodologies for clients to consider and assist in the implementation


• Working with our ERP Implementation team, consult on the design of cost accounting systems


• Budgeting / Cash flow forecasting


• Working with Client Leadership

The Kinds of People We Want to Talk to Have Many of The Following:

• Bachelor's degree in Accounting or Finance


• CPA preferable but not required


• 4 to 7+ years of operational and accounting experience


• Industry experience in any of the following: manufacturing, distribution, cannabis, wholesale and retail


• Outstanding communication skills


• Preferably experience with Intacct Accounting System, QBO, and/or NetSuite Accounting Systems]


• Experience with key financial metrices, including operational and capital expenditures and inventory costing

Withum will not discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability, or because they are a protected veteran.

#LI-MS1 and #Hybrid

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THE COMPANY:
At PAX we strive to enhance people's lives through exceptional cannabis experiences. Our curated set of pure full flavor pods and award-winning devices make enjoying cannabis simple and safe. For more than a decade, we have created next-generation devices that deliver enduring quality and wellness benefits through innovations in design and technology, and remain trusted by millions of consumers nationwide. We're the #1 cannabis brand nationally with top awareness and NPS scores. Our standards allow for the safest vaporization of cannabis on the market. We are passionate about increasing well-being and joy through the power of cannabis, and we are committed to advancing opportunity through supporting social justice, access and equity in the industry.
We are incredibly excited about the tremendous growth of the cannabis industry, inspired every day by how cannabis can change lives, and fortunate for our leading position in the space. Our culture is focused on putting the consumer first, making an impact together, and also having fun along the way! Our team has helped build businesses at the intersection of consumer, technology and wellness, including Apple, Google, Tesla, Uber, GoPro, Fitbit, Constellation, Honest Company, Eaze and more. PAX is backed by leading consumer and technology investors including Tiger Global and Tao Invest, and has raised over $430MM in capital.
ROLE AND RESPONSIBILITIES:
The Inventory & Cost Accounting Manager will be responsible for assisting with all aspects of inventory accounting, including the analysis of system to 3PL variances, inventory reserve calculations, and performing related account reconciliations. As the Inventory & Cost Accounting Manager you will also have a hand in both designing and executing monthly financial and operational reporting surrounding inventory, be responsible for performing inventory and cost analysis, and maintaining financial reports, records and general ledgers. We are looking for an individual with a positive attitude who is a problem solver and can see the big picture, while focusing on the details. This position reports to the Head of Accounting.
As the PAX Inventory & Cost Accounting Manager you will:

• Review current accounting processes related to inventory including, but not limited to, purchasing and costing, and partner with operations to make improvements
• Establish and maintain cost models, ensure compliance with US GAAP and that information received is up to date and relevant and that any variances are analyzed and incorporated into workflow
• Manage inventory reports including reconciling to the system and usage. Partner with operations staff and our 3PL warehouses on inventory controls and processes, PI's and cycle count
• Collaborate with the operational side of the business to perform inventory analysis and provide meaningful commentary of inventory flux to the Finance organization as part of month-end reporting.
• Review and analyze margins, analyzing purchase price variances and performing sensitivity analysis
• Investigate the cause of any inventory irregularities
• Collaborate with our IT applications and operation teams to develop enhancements to the inventory accounting system and improve process engineering
• Working with the operational side of business to analyze inventory levels and usage to identify potential excess and obsolete inventory
• Participate in the annual financial statement audit
• Develop, document, and implement policies and processes that will scale with growth
• Key member of the month-end close team - prepare adjusting journal entries, perform account reconciliations, and perform flux analysis
• Participate in close meetings and lead discussion on cost of goods sold
• Perform other duties and special projects as assigned
• Work collaboratively across teams, providing actionable insights to help drive optimal business decisions

QUALIFICATIONS:

• 6-8 years of experience (direct cost / inventory accounting experience is a plus)
• Attention to detail and strong communication, time management and organizational skills
• Data and results driven, detail oriented
• Familiarity with various accounting software
• High proficiency with Microsoft Excel (Vlookups, Pivot tables, etc.)
• Understands warehouse management system and full scope of inventory movement

EDUCATION:

• Bachelor's Degree in accounting, finance, supply chain or business administration
• PAX LABS PERKS & BENEFITS: *
• Competitive compensation, equity & bi-annual performance reviews
• Fully funded comprehensive medical, dental, and vision coverage
• 401K plan
• Generous PTO policy
• Paid Parental Leave
• Monthly wellness reimbursement
• Cell Phone reimbursement
• Employee Purchase Program for discounted PAX devices
• Weekly catered lunch, endless snacks and beverages
• Dog Friendly HQ in the Mission District of San Francisco
• Employee Assistance Program including access to online legal support

PAX VALUES
Put Consumers First - We are here to enhance their lives. We put their needs first in everything we do. We work together to deliver unique solutions for their benefit.
Build a Community - We are active and beneficial builders of a global community. We collaborate together to support sustainability, well-being and social equity efforts—both internally and externally—to establish cannabis as a force for good.
Innovate with Passion - We are passionate about enhancing the cannabis experience by making it positive, accessible and intuitive. We set the standards, innovate for consumers and find the yes as a team.
Be the Solution and Collaborate - We work as a team to achieve winning outcomes, knowing we each individually are the solution, but can only succeed together.
Lead with Humility and Transparency - We stay open and humble in everything we do. We value learning from each other, and cultivate transparency in our culture and products.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Job Type: Full-time

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COMPANY OVERVIEW

Recently named one of Entrepreneur magazine's Top 100 Cannabis Leaders, Cresco Labs is one of the largest vertically-integrated multi-state cannabis operators in the United States. Cresco is built to become the most important company in the cannabis industry by combining the most strategic geographic footprint with one of the leading distribution platforms in North America. Employing a consumer-packaged goods ("CPG") approach to cannabis, Cresco's house of brands is designed to meet the needs of all consumer segments and includes some of the most recognized and trusted national brands including Cresco, Remedi and Mindy's, a line of edibles created by James Beard Award-winning chef Mindy Segal. Sunnyside*, Cresco's national dispensary brand is a wellness-focused retailer designed to build trust, education and convenience for both existing and new cannabis consumers. Recognizing that the cannabis industry is poised to become one of the leading job creators in the country, Cresco has launched the industry's first national comprehensive Social Equity and Educational Development (SEED) initiative designed to ensure that all members of society have the skills, knowledge and opportunity to work in and own businesses in the cannabis industry.

MISSION STATEMENT

At Cresco, we aim to lead the nation's cannabis industry with a focus on regulatory compliance, product consistency, and customer satisfaction. Our operations bring legitimacy to the cannabis industry by acting with the highest level of integrity, strictly adhering to regulations, and promoting the clinical efficacy of cannabis. As Cresco grows, we will operate with the same level of professionalism and precision in each new market we move in to.

JOB SUMMARY

Cresco Labs is seeking a Senior Manager, Cost Accounting and Analysis to join our corporate finance team in Chicago, IL. This individual will report to the Regional Controller and will be responsible for overseeing cost accounting and analysis for the region, including all manufacturing facilities, as well as distribution and retail inventory. Key areas of responsibility include: cost accounting under U.S. GAAP, operational cost models and SKU-level profitability analysis, cost model standardization and improvement projects, and ad hoc cost projects to support the business. This individual will also be a key contributor to the implementation of cost accounting modules as part of the company's ERP and other related system implementations. Our ideal candidate must be highly detail oriented as well as proactively identify areas for improvement and ways to support our operational teams, balancing strong theoretical accounting knowledge with business acumen.

CORE JOB DUTIES

• Manage and coach a team of 3+ senior cost analysts and/or managers
• Subject matter expert for cost and inventory accounting
• Cost Accounting
• Oversee cost accounting, including product and process cost models for GAAP reporting for the region
• Drive the improvement and standardization of cost models both for the region and across the business
• Guide the team to build models from scratch for ongoing and ad hoc analysis
• Prepare and review inventory analysis, valuation, and impairment on a quarterly basis
• Prepare and/or review schedules used in monthly, quarterly, and annual reporting for both internal and external reporting purposes
• Review and/or provide key assumptions and analysis for inventory reserve analysis
• Assist with preparation and/or review of the consolidated financial statements and footnotes for cost and inventory areas
• Cost Analysis
• Provide periodic (monthly/quarterly) operational cost analysis for the Regional President and Operations SVP
• Drive operational cost model and SKU-level analysis initiatives to provide improved profitability reporting
• Proactively identify areas to improve profitability and business results by leveraging cost models and analysis
• Work directly with operational and site teams on special projects and initiatives related to cost and inventory
• Participate in and/or lead monthly and quarterly meetings with operational teams and leadership to support the growth of the business and share key cost findings
• Assist with implementation of additional/updated cost accounting modules and add-on reporting systems, including an ERP
• Assist with implementation of SOX controls for cost accounting, including building out documentation
• Help drive the continuous improvement of processes and procedures as the company expands in both new and established markets
• Develop and document business processes and accounting policies to maintain and strengthen internal controls
• Support the year-end financial audit and tax preparation process
• Work cross functionally with company departments and external partners on key operational projects and cost accounting and reporting requirements
• Help oversee the implementation of accounting policies and procedures as the company expands into new and established markets

REQUIRED EXPERIENCE, EDUCATION AND SKILLS

• Bachelor's degree in accounting or business degree with accounting or finance concentration. CPA preferred.
• Minimum 10-12 years accounting experience (can be mix of public accounting and industry) with demonstrated experience in the area of cost accounting and analysis required
• 3 years of previous management experience required
• Experience at large, publicly traded manufacturing companies strongly preferred
• Plant controller experience strongly preferred
• Strong business knowledge and acumen with demonstrated heavy exposure to and partnership with operations required
• Excellent interpersonal, communication, and presentation skills required
• Extensive hands-on experience with financial accounting systems (Intacct helpful) and ERP (SAP highly preferred) with knowledge of data structure and reporting requirements
• Experience with cost accounting/ERP system implementation strongly preferred
• Advanced proficiency in MS Excel (including pivot tables and V-lookup functions) and MS Office required, including working with large amounts of data and building models from scratch
• Tableau experience preferred
• Enjoys working in a fast-paced environment, proactively problem-solving, and driving process creation and improvement
• Ability to work independently in a highly organized manner
• Ability to balance competing priorities

COVID-19 REQUIREMENTS

Cresco Labs requires that all corporate employees be fully vaccinated against the COVID-19 virus on or before September 30, 2021. If you are offered and accept a position, you will be required to prove your vaccination status prior to when your employment begins. If you require a medical or religious accommodation with regard to vaccination, please let us know once you receive an offer of employment (if applicable).

ADDITIONAL REQUIREMENTS

• Must be 21 years of age or older to apply
• Must comply with all legal or company regulations for working in the industry

Cresco Labs is an Equal Opportunity Employer and all applicants will be considered without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.

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Job details
Salary
From $60,000 a year
Job Type
Full-time
Number of hires for this role
1
Qualifications

• 
  
  
  

  • Bachelor's (Preferred)

  • Accounting: 7 years (Preferred)

  
  

Full Job Description

LOUDPACK is a consumer-goods company and is the leading manufacturer and distributor of premium cannabis products including vape pens, concentrates, edibles, extracts and topicals throughout California. Our brands represent the highest-quality cannabis available – all of which are handcrafted, cultivated and distributed in California.

LOCATION: Monterey County, Greenfield, CA. This is an in-office position post Covid and in accordance with county regulations.

SUMMARY: The Cost Accounting Manager will manage accounting activities for Loudpack cultivation, manufacturing and distribution operations. You will contribute business and financial expertise to the local leadership team to help drive profitability, including the identification of opportunities to reduce costs, increase efficiencies, and maximize output. As the Cost Accounting Manager, you will be responsible for managing and overseeing the local accounting activities including development and maintenance of Bill of Materials, variance analysis, weekly operating reporting, cash management, accounts payable, general accounting and cost accounting. This is a key finance and operations role that will play an integral part in supporting all aspects of accounting with hands on experience including standard cost rollup, manufacturing and PPV analysis, E&O analysis, and capitalization/amortization of variances.

RESPONSIBILITIES:

• Manage monthly and quarterly cost accounting close processes to ensure all tasks are completed on schedule

• Lead all cost accounting activities to ensure timely and accurate reporting, including quarterly standard cost change, physical inventory count and inventory roll forward

• Overall responsibility for ensuring the accuracy of the Company’s inventory including the adequacy of physical count procedures and inventory valuation systems

• Develop, implement, and maintain a cost accounting system, ledger, documentation, and records including the maintenance of standard costing Bills of Materials (BOMs) and ensuring the accuracy and reliability of the standard costs and inventory valuations

• Analyze, investigate and report manufacturing variances including labor and overhead absorption reports, purchase price variance (PPV), scrap, excess and obsolete (E&O), inventory revaluation and overhead spending

• Review and approve purchase orders and internal material requests and document inventory and material purchases; monitor materials and productivity to determine the price and desired profit margins of the product

• Perform complex analysis, modeling, and other tool creation to enhance planning and reporting processes and provide leadership in decision-making processes through insightful analysis, fact-based recommendations and proactively identifying opportunities and risk

• Assist in the preparation and analysis of the weekly operation metric report including identifying and developing key performance indicators that align activities with operational goals and collaborate with senior management to explain results, make improvements, manage projects, identify inefficiencies, understand operations and lead the development of complex analysis

• Oversee a comprehensive set of cash control processes to mitigate financial risk and ensure accuracy of company records

• Assist in the accurate and timely completion of all government reporting and tax filings. This includes Federal 280e tax, CA cultivation and excise tax and local Cannabis Taxes and Business Tax Renewals

• Accountable for all cost accounting SOX controls

• Serve as the key technical accounting resource for the Company

• Coordinate with external auditors on physical inventory and cash controls

• Participate in a wide variety of projects and compile ad-hoc reports

• Helps establish, implement and deliver the farm/operational business objectives and strategies

Qualifications and Experience

• Bachelor’s degree (Accounting or Finance), from an accredited Institution Certified Public Accountant (CPA) Preferred; Certified Managerial Accountant (CMA) and MBA desirable

• Big Four (4) public accounting experience is a plus

• In-depth knowledge of U.S. GAAP and basic understanding of IFRS,

• 7-10 years of accounting experience, including 5+ years in related experience including prior experience in a manufacturing company

• 3-5 years strong cost accounting experience (Manufacturing), strong inventory, standard cost and manufacturing systems background

• Prior experience in developing SOPs for cash collections, control and reconciliations

• Experience in Intercompany transactions, reconciliations and consolidations

• Expert knowledge of Microsoft Office programs (i.e. Word, Excel, Outlook, etc.).

• Ability to manage workload and meet deadlines with efforts to streamline processes

• Takes ownership of issues and problems, see them to resolution and recommend process changes

• Innovative, creative and takes problem-solving to a whole new level

• Thrives in a dynamic, sense-of-urgency culture with quick turnarounds of results.

• Strong and effective, communication skills (i.e. verbal and written)

• Must be able to work in a fast-paced, detail-oriented and confidential environment

• Excellent organizational, analytical and problem-solving skills

• Effective written and verbal communication skills

• Ability to work and lead cooperatively and collaboratively with all levels of employees, management, and external agencies to maximize performance, creativity, problem solving, and results

Job Type: Full-time

Pay: From $60,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Ability to Commute/Relocate:

• Greenfield, CA 93927 (Preferred)

Education:

• Bachelor's (Preferred)

Experience:

• Accounting: 7 years (Preferred)

Work Location:

• One location

Work Remotely:

• No

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At Harvest, our mission is to improve people's lives through the goodness of cannabis and our vision is to create the most valuable cannabis company in the world. We fulfill our purpose by creating life-enhancing experiences in the communities we serve, navigating our business lines with excellence and dedicating ourselves to shaping the future of cannabis. Our team connects with others, enlightening and empowering. We are looking for leaders who are inspired by our ideals and wish to grow with us as we continue our national expansion. While we are one of the largest multi-state operators in the country, we still operate with a startup mentality and prioritize execution in addition to strategy and ideation. If you value improving lives, joining the fastest growing and most unique industry in the world and establishing yourself as a leader in the space, we'd like to learn more about you.
WHY HARVEST
The Harvest Way is defined by our people. We seek individuals who are genuine, dedicated to shaping the cannabis industry, accountable with a strong sense of integrity, and who are driven to make an impact. We are committed to our values and have created a culture of trust which emphasizes working hard, but we also remember to have fun. Here are a few more reasons why Harvest is a great place to be:

• Competitive pay and total compensation packages
• Attractive benefits and incentive stock option plan
• Paid time off and employee rewards
• Professional growth and employee engagement initiatives
• A leading company in the fast-growing cannabis industry whose core business improves lives

We believe in building a diverse team, and we strive to make our company a welcoming space where everyone can make an impact on Harvest's success. We encourage talented people from all backgrounds to join us. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, or protected veteran status and will not be discriminated against based on disability.
DUTIES & RESPONSIBILITIES *

• Lead the Cost Accounting and Inventory team. A roll-up-the-sleeves approach to leadership and development.
• Work with the Cultivation and Manufacturing Business Units ("BU") to design and develop a Company-wide cost accounting methodology. Develop and document specific policies and procedures to record and report on production costs across the organization.
• Measure, set and periodically review standard costs by site for each product category and SKU. Review methodology and standards costs with BU Management, Accounting/Finance Departments and key Executives within the organization.
• Create a structure and organization for cost accounting that is repeatable. Create processes to update accounting and production systems to accurately reflect costs of production as necessary.
• Review and analyze labor, overhead and production rate spend and utilization by site against expected results and report variances
• Review current manufacturing and cultivation processes to determine if they meet best practices and identify opportunities for efficiency or cost savings. Recommend and gain alignment with BU to make required changes.
• Adjust and communicate standard cost changes as necessary.
• Analyze production and material overhead/burden absorption; adjust and report accordingly.
• Conduct inventory reserve analysis on a quarterly basis and report on inventory and inventory aging detail to measure and ensure proper valuation
• Review inventory activity and ensure proper cut-off
• Participate in and review cycle counting at each location.
• Review, approve and report on inventory adjustments recorded to G/L and item sub-ledgers
• Develop standardized reporting and analytics for all production facilities across the organization including production variance analysis and results against budget and forecast.

QUALIFICATIONS *

• Must have 5 years of manufacturing or cultivation experience with cost and inventory responsibilities
• Standard costing experience helpful
• Intermediate to advanced Microsoft Office programs (especially MS Excel)
• Microsoft Dynamics, NAV or D365, QuickBooks, FACTS, SAP or equivalent financial software(s) is a must.
• Excellent written and verbal communication skills
• Strong organizational, problem-solving, and analytical skills; able to manage priorities and workflow
• Good interpersonal skills and proven ability to positively influence people; must be capable of effectively interacting at all levels in the organization. Detail oriented with an eye on process optimization.
• Ability to work in a fast-paced environment, to manage high stress situations, and to be flexible and adaptable when a situation requires it.

EDUCATION *

• Bachelor's degree in Accounting or Finance
• The above requirements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, and this job description may be amended at any time. Required experience, training, or educational requirements shall be as indicated or as deemed acceptable by Harvest management.
• Harvest is an Equal Employment Opportunity Employer. Applicants requiring reasonable accommodation and/or interview process should notify HR at [email protected] ( [email protected] ).

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