Senior Director, Accounting Operations

Posted Jul 12

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 Senior Director, Accounting Operations is responsible for the ownership of TerrAscend’s transactional accounting process including the processes related to cash receipts, invoicing, collections, accounts payable, customer and vendor management, and working capital forecasting. This role optimizes the tools available and develop their team to streamline processes in the quarter and year reporting cycles, focus on continued process improvement to achieve increased results each cycle, and bring prior experience to the team for idea generation to achieve our goals. This position reports to the Senior Vice President, Finance.

You will work closely with finance leadership and functional leadership to support the advancements of the Order to Cash and Record to Pay teams and adherence to internal control and regulatory compliance.

Where you'll be planted:

This is a remote position. We are giving preference to candidates located in Pennsylvania, New Jersey, Maryland, or Michigan, as these are the markets that the majority of our operations are in. Some travel may be required for business meetings and other on-site events.

To be blunt, this person will:

Lead the transactional accounting operations for the enterprise.
Lead the transactional accounting processes to ensure accurate and timely recording of financial transactions including but not limited to cash application, accounts receivable, accounts payable, and expense management.
Oversee the transactional accounting operations team, including the design of an organizational structure adequate for achieving the department's goals and objectives and the development to continue to strengthen the functions within the business.
Lead driving and executing the order to cash and requisition to pay needs of the organization and support the achievement of key goals and objectives.
Monitor and analyze payables and receivables, ensuring optimal utilization of funds including the optimization of working capital. Partner with Treasury for cash planning on receipts and payables planning.
Lead the preparation of consolidated receivable and payable reporting and analysis for transparent reporting and goals of improving the company’s cash conversion cycle.
Ensure the accuracy and completeness of accounting transactional entries and supporting schedules in accordance with GAAP requirements.
Responsible for the required provisions related to allowances for bad debt entries.
Responsible for relevant monthly accounting and quarter-close, SOX compliance controls and processes as it relates to accounting operational internal controls in your area.
Responsible for the timely execution of Cash, Accounts Receivable, and Accounts Payable monthly close processes accurately and timely.
Collaborate cross-functionally to address and resolve sales and/or supply chain issues promptly.
Partner with business and functional leaders and other stakeholders to service the businesses needs as it relates to accounting operations and improvements.
Seek opportunities and drive incremental improvements to streamline processes.
Lead quarterly reviews and annual audits with internal and external auditors as it relates to accounting operations.
Manage the completeness and accuracy of the regulatory filings including on time compliance such as 1099 reporting.
Responsible for reviewing, monitoring, and enforcing financial policies and procedures.
Lead as a subject matter expert over transactional accounting activities and actively participate in new technology implementation of systems in partnership with enterprise Finance teams including development of streamlined and efficient financial processes.
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 process improvement efforts in the accounting operations function in collaboration with partners to continue to strengthen the function as we grow.
Provide ad hoc monthly, quarterly, and annual reporting as required.

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 or MBA, or equivalents, in Finance, Accounting or related discipline
8+ years of combined experience of accounting operations and management experience.
Knowledge of US GAAP, SOX, and SEC requirements.
Certified Public Accountant preferred (CPA or Chartered)
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 transactional accounting activities
Demonstrate ability to work in a manner conducive to our company’s core values.
Desire and ability to work in a fast-paced environment, in an ambiguous and developing structure.
Proven track record as a people manager as well as an individual contributor
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.
Effectively and professionally communicate and engage with teams at all levels.
Ability to effectively seek and acquire knowledge and educate coworkers and other stakeholders.
Demonstrates ability to facilitate complex and time sensitive decisions in a deadline driven environment.
Demonstrated leadership and decision-making skills with ability to drive improvements to processes.
Preferably located in New Jersey, Pennsylvania, Maryland or Michigan.

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

$165,000 - $195,000 a year

*** 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.