At TerrAscend, we're on a mission to elevate the lives of our patients and customers. We cultivate exceptional marijuana therapies for patients and high-quality products for legalized adult recreational use. As one of North America's largest and fastest-growing multi-state, vertically integrated cannabis operators, we're at the forefront of innovation and excellence. Together we grow, shaping the future of cannabis. Join us on this exciting journey and be part of something extraordinary!
It's a Joint Effort
We believe that how we work together truly matters. Our employees are passionate about what we do and how and why we do it. TerrAscend's most successful team members understand that serving our patients, customers, and each other is what excels our growth. To keep thriving, we continue to bring together the brightest minds in business with best-in-class cultivation and outstanding patient and customer experiences. This is how we continue to set the industry standard.
Sound like weed be a good fit? Here's where you come in.
Our next Senior Cost Accountant will provide weekly, and monthly (month end close) support with a focus on cost accounting, inventory valuation, balance sheet & P/L reconciliation, and process improvement.
Where you'll be planted:
This is a hybrid role with 1-2 days in our Hagerstown, MD facility with occasional travel to our King of Prussia, PA office as needed.
To be blunt, this role will be about:
- Assisting the Accounting Managers in driving the Month-End Close process for multiple entities. Participating and at times supervising daily accounting department tasks. Preparing and/or reviewing appropriate ledger entries and accruals, with a primary focus on cultivated and manufactured inventory, and related costs of production.
- Ensuring completeness and accuracy of all assigned balance sheet and profit/loss accounts, databases, and files, including the completion and review of monthly balance sheet reconciliations and applicable income statement accounts.
- Collaborating with the Accounting Managers, accounting team, and other internal departments to design, document, implement, and monitor processes that establish controls, ownership, and accountability of involved parties related to costs of production.
- Performing ad hoc analysis and projects as requested, including the implementation of new ERP system (Epicor/Wherefour).
- Working closely with the Accounting Manager, Controller, Parent Company Accounting Group, external auditors, and tax accountants during quarter and year end close to support reporting & regulatory requirements and provide financial commentary and supporting schedules as requested.
- Planning, studying and collecting data to determine costs of business activity such as raw material purchases, labor and overhead expenditures which directly affect the company's financial operations. Reviewing and providing analysis of significant variances of actual to standard manufacturing costs and make recommendations for improvement (PPV, Material Usage variance, Labor rate and usage variances, Overhead spending variances).
- Making estimates of new and proposed product or service costs. Recommending cost efficiencies to senior management and executing agreed upon directives. Reviewing and providing input and justification for new manufacturing equipment capital expenditures.
- Developing and delivering management with reporting and analysis of manufacturing efficiency performance, specifying and comparing factors affecting profitability of products or services.
- Analyzing as needed changes in product packaging design, raw materials, manufacturing methods, or services provided, to determine effects on costs. Analyzing and making recommendations as to inventory content.
- Driving continuous improvement programs to reduce product costs through interaction with Operations.
- Supporting all accounting month end and year end processes completing required journal entries and analysis as required. Supporting close process in other ways as assigned and required.
- Compiling and developing information to be used in operating budget preparation including material costs, labor costs and overhead spending costs by P&L line item.
- Setting up all new standard costs or changes to existing standards. Developing components, finalize and roll out standards at quarter end including verification of all purchases costs, routings, bills of materials, labor rates. Developing recommendations for establishing direct labor and factory overhead rates by product category.
- Responsible for designing and implementing robust procurement and inventory management controls including inventory accuracy/valuation, assisting with balance sheet reserves, other items as appropriate.
- Monitoring effectiveness and making recommendations as to effectiveness of controls in cost accounting system. Developing and installing new cost accounting systems or components as needed.
What we're high on...We value diverse skillsets, talents, and experiences. To be successful in this role we know you'll need:
- Bachelor's degree with a concentration in business or accounting. CPA preferred. Experience with or master's degree in Supply Chain Management, and/or CMA preferred.
- 3+ years of progressive accounting experience. Public accounting experience, as well as corporate accounting experience preferred.
- Manufacturing and Cost Accounting experience required.
- Knowledge of U.S. GAAP as it relates to inventory.
- Experience or exposure to all areas of accounting including but not limited to accounts payable, accruals, reserves, and inventory valuation. Comprehensive understanding of the principles of inventory manufacturing processes, retail sales processes, sales and use tax, and public company audit compliance.
- Experience working in a highly computerized environment and processing financial transactions using and/or implementing an enterprise resource planning (ERP) system and/or accounting software. Epicor and/Wherefour experience preferred.
- Advanced Microsoft Excel skills.
- Self-starter that places an emphasis on accuracy, completeness, and work product ownership, with the ability to prioritize and complete tasks with competing deadlines.
- Professional written and verbal communication with multiple levels and departments.
- Analytical, detail-oriented, and honest.
Salary: $85,000 - $100,000 a year. The salary range included is for the base compensation and is not inclusive of any variable compensation that can be earned in addition to the base salary. Our range is based on experience, skillsets, and overall fit for the role.
