COMPANY OVERVIEW
At Glass Meadows, Inc. our goal is to cultivate the highest quality cannabis products that provide safe, effective, and consistent experiences for our customers. We are committed to sustainable and responsible cultivation and manufacturing practices, utilizing the latest technology and innovation to produce premium cannabis while minimizing environmental impact. We are a young company that is setting our roots in Newton, New Jersey and are looking for high quality individuals looking to be on the ground floor of this growing business and industry.
We are currently seeking a seasoned accounting professional to join our dynamic team. The ideal candidate will have experience in financial oversight and strong accounting principles, with cannabis industry experience seen as a strong fit. As our Controller, you will play a pivotal role in establishing robust accounting systems that support our rapid growth and ensure compliance with industry standards.
ROLE SUMMARY
The Controller will oversee the company's financial operations, including accounting, financial reporting, budgeting, and internal controls. This role ensures the accuracy and integrity of financial information and supports strategic financial planning and decision-making within the organization.
KEY RESPONSIBILITIES
- Operational Oversight: Manage all accounting operations including Billing, A/R, A/P, GL, Cost Accounting, Inventory Accounting, and Revenue Recognition. Coordinate and direct the preparation of the budget and financial forecasts and report variances. Create a template for Bill of Materials for cost accounting and margin visibility at the product level. Act as the Point of Contact for all local tax-related items and other excise tax obligations. Manage vendor relationships, including engaging third-party CPA for tax planning, procurement support, extending terms, and RFPs for certain items/projects.
- Financial Reporting: Prepare and publish timely monthly financial statements. Coordinate the preparation of regulatory reports, adhering to reporting modes and cycles. Responsible for Municipality and SEEF (Social Equity Excise Fee) tax reporting protocols. Research technical accounting issues for compliance.
- Internal Controls: Ensure quality control over financial transactions and financial reporting. Develop and document business processes and accounting policies to maintain and strengthen internal controls. Must ensure accurate accounting of inventory, including raw materials, work-in-progress (WIP), and finished goods, with correct quantities and costs assigned to each category.
- Audit Coordination: Coordinate the preparation for external audits and ensure timely completion of the annual audit.
- Compliance: Ensure compliance with GAAP and applicable federal, state, local regulatory laws, and rules for financial and tax reporting; routine Municipality tax reporting.
- Strategy Development: Provide strategic financial input and leadership on decision-making issues affecting the organization. Build a sales forecast linked to the production planner and operating plan, defining our key account strategy and product volumes/prices. Create a formal production planning forecast model tied to the budget/forecast model. Conduct ad hoc financial modeling, including ROI analysis on potential Capex investments, new product development, and working capital optimization. Construct cost/lb. and cost/item templates to feed into monthly management reporting documents.
- Team Management: Lead and mentor a team of accounting professionals, fostering a culture of continuous improvement and professional development.
- Budget and Resource Management: Manage the allocation of financial resources, ensuring effective utilization to support the company's objectives. Update the Budget for monthly/quarterly forecasts.
- Cross-Departmental Coordination: Work closely with other department heads to support company initiatives and ensure alignment of financial goals with overall business objectives.
- Performance Monitoring: Continuously monitor and improve the efficiency and effectiveness of the finance department's operations.
- Reporting and Communication: Provide regular and comprehensive reports on financial status, challenges, and progress to senior management.
- Industry Awareness: Stay abreast of industry trends, regulatory changes, and best practices to ensure the company remains compliant and competitive.
- Industry Knowledge: Deep understanding of cannabis-specific financial practices, including tax implications, inventory management, and cash flow challenges. Solid manufacturing experience with a focus on standard cost accounting and bill of materials.
QUALIFICATIONS
- Proven experience as a Controller or in a senior accounting role, with at least 7 years of experience; regulated cannabis industry accounting experience is a plus.
- Thorough knowledge of accounting principles and procedures.
- Extensive experience with creating financial statements and general ledger functions.
- Excellent accounting software user and administration skills.
- QuickBooks experience is required.
- Bachelor's degree in accounting or finance; CPA or CMA preferred.
- Strong analytical, organizational, and problem-solving skills.
- Excellent communication and leadership abilities.
- Ability to work in a fast-paced, dynamic environment within a burgeoning regulated industry.
EXPECTATIONS
- Entrepreneurial mindset with high energy and adaptability to navigate a fast-paced start-up environment and drive rapid growth.
- Stay current with changes in financial regulations and industry practices on the Federal, State and Municipality levels.
- Uphold and promote the highest standards of integrity, professionalism, and respect.
- Demonstrate a commitment to the company's mission, values, and goals.
- Foster a culture of continuous improvement and innovation within the finance department.
- Maintain a proactive approach to problem-solving and team management.
- Bring a positive attitude and promote beneficial conflict and constructive feedback.
- Ability to travel to the primary office and a secondary office in another state, with flexibility for hybrid work arrangements as needed.
BENEFITS
Health Insurance, 401K, Holidays & Paid Time Off (PTO)
EQUAL EMPLOYMENT
Glass Meadows Inc. provides equal employment opportunities to all qualified individuals without regard to race, color, religion, sex, gender identity, sexual orientation, pregnancy, age, national origin, physical or mental disability, military or veteran status, genetic information, or any other protected classification. Equal employment opportunity includes, but is not limited to, hiring, training, promotion, demotion, transfer, leaves of absence, and termination. Glass Meadows Inc. takes allegations of discrimination, harassment, and retaliation seriously, and will promptly investigate when such behavior is reported.
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