Senior Cost Accountant

$85,000 - $100,000/Yr

TerrAscend - Hagerstown, MD

Full-time - Mid Level

Hybrid - Hagerstown, MD

Crop Production

About the position

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! 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.

Responsibilities

• 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.
• Completing and reviewing 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.
• Planning, studying and collecting data to determine costs of business activity such as raw material purchases, labor and overhead expenditures.
• Reviewing and providing analysis of significant variances of actual to standard manufacturing costs and making recommendations for improvement.
• 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.
• Analyzing changes in product packaging design, raw materials, manufacturing methods, or services provided, to determine effects on costs.
• 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.
• 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.
• Responsible for designing and implementing robust procurement and inventory management controls including inventory accuracy/valuation.
• Monitoring effectiveness and making recommendations as to effectiveness of controls in cost accounting system.

Requirements

• Bachelor's degree with a concentration in business or accounting required, Master's Degree preferred.
• CPA 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.
• 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

• 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