Cannabis Inventory Cost Accounting Manager Jobs

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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