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.
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.
All benefits-eligible employees are provided the following benefits:- Employee Discount (all employees eligible)
- Paid-Time-Off (varies by State, please ask your Recruiter for more info)
- Health, vision, and dental insurance
- 98Point6 (remote primary care)
- 401k with 4% matching (100% vested immediately)
- Employee Assistance Program
- Paid Parental Leave
- Life Insurance
- Short & Long Term Disability
- Flexible Spending Account
- Wellness Program
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 executes 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.
Benefits (full-time employees eligible):- Employee Discount (all employees eligible)
- Paid Time Off
- Health, vision, and dental insurance (with telehealth option)
- 401k with 4% company matching (100% vested immediately)
- Employee Assistance Program
- Paid Parental Leave
- Life Insurance
- Short & Long Term Disability
$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.
#LI-TERRASCEND
*** Background Check Requirement ***
As a condition of employment, a complete background investigation will be conducted based on the rules of the specific State in which the employee is hired. Typically, the state investigative process includes a state and federal background check.
EEO Statement
At TerrAscend, employees and applicants are evaluated based on their qualifications, skills, and ability to perform the duties and responsibilities of the position. TerrAscend is committed to assuring equal employment opportunities to all employees and applicants.
TerrAscend is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination based on race, color, religion, creed, gender, pregnancy or related medical conditions, age, national origin or ancestry, physical or mental disability, genetic information, sexual orientation, to include gay, lesbian, bisexual, transgender and gender identity, or any other consideration protected by federal, state or local laws. Our commitment to equal opportunity employment applies to all persons involved in our operations and prohibits unlawful discrimination by any employee, including supervisors and coworkers.
Disclaimer
This job description is not an employment agreement or contract. Management has the exclusive right to alter this job description at any time without notice. The list of job responsibilities, skills, duties, requirements, and the like is not exhaustive, rather it is illustrative of the current essential functions required for the position.
This organization participates in E-Verify.
This employer participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. If E-Verify cannot confirm that you are authorized to work, this employer is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so you can begin to resolve the issue before the employer can take any action against you, including terminating your employment. Employers can only use E-Verify once you have accepted a job offer and completed the Form I-9. E-Verify Works for Everyone For more information on E-Verify, or if you believe that your employer has violated its E-Verify responsibilities, please contact DHS.
Esta Organización Participa en E-Verify.
Este empleador participa en E-Verify y proporcionará al gobierno federal la información de su Formulario I-9 para confirmar que usted está autorizado para trabajar en los EE.UU. Si E-Verify no puede confirmar que usted está autorizado para trabajar, este empleador está requerido a darle instrucciones por escrito y una oportunidad de contactar al Departamento de Seguridad Nacional (DHS) o a la Administración del Seguro Social (SSA) para que pueda empezar a resolver el problema antes de que el empleador pueda tomar cualquier acción en su contra, incluyendo la terminación de su empleo. Los empleadores sólo pueden utilizar E-Verify una vez que usted haya aceptado una oferta de trabajo y completado el Formulario I-9. Para más información sobre E-Verify, o si usted cree que su empleador ha violado sus responsabilidades de E-Verify, por favor contacte a DHS.
Statement on External Recruiting Agencies
TerrAscend and all affiliates do not accept blind resume submissions from external recruiting agencies. No fee will be paid to agencies who submit candidates without being under contract for an active search with TerrAscend.
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