Director of Cost Accounting

Posted Mar 2

At TerrAscend, we are on a mission to shape the future of the cannabis industry by creating leading marijuana-based therapies for patients and developing premium products for legalized adult recreational use. We are one of the largest and fastest growing multi-state, vertically integrated cannabis operators in North America. We’re on a roll and are just getting started!

It’s a Joint Effort

We believe that How We Work Together Matters. Our priority is to assemble a team that believes not just in what we do but how and why we do it. Our most successful team members know that being of service to our patients, our customers, and each other is what separates us from other organizations. Our continued success is dependent upon bringing together the brightest minds in business with best-in-class cultivation and elevated patient and customer experiences, so we continue to set the standard for the industry.

Sound like weed be a good fit? Here’s where you come in.

Our next Director of Cost Accounting will be responsible for building and unifying our supply chain finance structure through transaction data, customer data, and staffing models, whilst intersecting supply and demand. Working directly for the Senior Vice President, Finance & Accounting, and working closely with regional cost accountants, state controllers and cultivation leaders across the organization, the Director of Cost Accounting will support unified reporting, analytics through data and insightful analysis for decision making.

You will be challenged to work both strategically and tactically to act as the enterprise-wide owner for analysis and insights into the supply chain costs of the organization, playing a critical role in supporting TerrAscend’s growth.

One minute you will be partnering with cultivation leaders to understand product costs and developing forecasting trends.

The next minute supporting a technical aspect of our ERP implementation as it relates to Supply Chain & Finance.

And the next minute working on financial modeling to present to Executive and Senior business leaders

Regardless of the task, it’s critical you have strong situational awareness and EQ as you’ll work with many diverse teams and stakeholders across the organization.

Where you'll be planted:

This is a remote position that will require minimal business travel.

To be blunt, this person will:

Support SVP, Finance & Accounting in driving and executing the financial accounting and reporting needs of the organization, and support the achievement of budgeted financial goals and objectives
Responsible for monthly accounting and quarter-close, SOX compliance controls and processes, including review of journal entries, account analysis and reconciliations, processes and procedures documentation through thorough management review
Partner with functional leaders to provide visibility and understanding around financial drivers, fluctuations to budget, and accounting implications to operational decision making as it aligns with forecasting.
Support the preparation of the financial supply chain budget/plan & support product standard costs
Act as subject matter expert for Cost Accounting and actively participate in new technology implementation of systems in partnership with global Accounting and Finance teams including development of streamlined variance analysis reporting templates for efficient financial processes and insights
Manage the completeness and accuracy of bill of materials, routings, and overhead rates working closely with supply chain and quality teams
Analyze and report on product costs, including variances, trends, and opportunities for improvement
Lead continued development of driver-based Scorecard/KPI reporting and tracking for business insights, and drive operational continuous improvement and enterprise-wide alignment
Analyze current and past trends of key performance indicators, including all areas of revenue, cost of sales, expenses, and capital expenditures
Develop financial models and analyses to support strategic initiatives across our entire product life cycle from Cultivation to Manufacturing to Retail
Engage with business leaders and provide guidance based on calculated and well thought out recommendations, act as a trusted advisor to drive insights
Support development and maintain costing of products & materials
Support accuracy of inventory reporting, partnership with regional cost accountants
Provide analysis of PPV & logistics variances
Implement and work with Business Intelligence and Dashboarding tools
Provide ad hoc monthly, quarterly, and annual reporting as required
Other duties as assigned

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 and MBA, or equivalents, in Finance, Economics, Data Analytics, Supply Chain or related discipline
5+ years of Cost Accounting experience, including multi-entity organizations
5+ years of proven financial/data analysis experience in CPG industries
Experience in cannabis (cultivation, manufacturing & retail) industry highly preferred
Able to build and sustain strong relationships at multiple levels internally and with partners; high emotional intelligence and an ability to challenge in a nuanced way; influencing areas of the business that are not under direct control will be critical
Knowledge of end-to-end corporate external financial reporting activities
Demonstrate ability to work in a manner conducive to our company’s core values
Highly proficient with Microsoft Office including, Excel, Word, and PowerPoint
Analytic problem solving, solutions-oriented
Strong Written and Verbal Communication, ability to write clearly and concise
Strong attention to detail, excellent organization abilities
Strong communication, collaboration, and interpersonal skills
Quickly adapts work to support changing priorities
Demonstrate future oriented thinking and apply it to current work
Effectively and professionally communicate and engage with teams at all levels
Practice active listening and probing questioning skills
Demonstrates ability to facilitate complex and time sensitive decisions

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

$150,000 - $185,000 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.

*** 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.