Senior Financial Accountant

Job Summary of Senior Financial Accountant:TerrAscend's goal is to revolutionize the cannabis industry through the development of cutting-edge therapies for patients and high-quality recreational products for adults, thereby shaping the industry's future. As one of North America's most extensive and rapidly expanding vertically integrated cannabis companies, we are committed to progress and growthThe significance of How We Work Together is unparalleled. At the forefront of our concerns is gathering a team that does not merely adhere to our goals but also upholds the principles and reasons behind our work. Our most accomplished members realize that prioritizing our patients, customers, and colleagues is what sets us apart from other institutions. Our unbroken prosperity hinges on welcoming top-level professionals into our folds, who seamlessly integrate a superior approach to business with exceptional practices and an enhanced patient and customer experience, thereby continuing to be the industry leader.The forthcoming Senior Financial Accountant will offer assistance for weekly and monthly (i.e. month-end closing) activities that emphasize cost control, inventory assessment, and the alignment of balance sheet and P/L statements.Responsibilities of Senior Financial Accountant:• Aiding the Accounting Managers in pushing forward the conclusion of the closing month process for several entities while aiding and overseeing daily duties related to accounting.• Guaranteeing the accuracy and thoroughness of all assigned financial records, such as balance sheet and profit/loss accounts, as well as databases and files. This includes carrying out monthly balance sheet account reconciliations and reviewing relevant income statement accounts.• Working alongside Accounting Managers, accounting team members, and internal departments to create, record, execute, and supervise procedures that establish constraints, responsibility, and responsibility of participating parties regarding production costs.• Fulfilling any ad hoc analysis and assignments within the company, including the integration of a novel ERP software (Epicor/Wherefour).• Collaborating tightly with the Accounting Manager, Controller, Parent Company Accounting Team, external auditors, and tax specialists during the closure of each quarter and year to fulfill the reporting & compliance obligations and furnish financial explanations and auxiliary schedules as needed.• Research and analysis are key factors when determining the cost of business activities, including the purchase of raw materials, expenses on labor and overhead, all of which have a direct effect on a company's finances.• Estimating the expenses of upcoming and suggested products or services and suggesting ways to decrease costs to top-level executives. Enacting directives as agreed upon.• The process of creating and presenting managerial reports that analyze the efficiency of manufacturing performance can help organizations make critical decisions about profitability.• Assessing alterations in product packaging design, raw materials, manufacturing techniques, or services offered to determine their impact on expenses.• Interacting with the Operations team to develop continuous improvement programs that will help reduce product costs is crucial for success.• Providing assistance in carrying out all necessary closing processes for accounting on a monthly and yearly basis, while also fulfilling the necessary journal entries and analysis that are needed.• Collecting and arranging data to help generate operating budgets and accounting for all expenses, such as labor, overhead, and material costs according to Profit and Loss categories.• Creating new norms for expenses, or modifying present ones, entails establishing benchmarks. The criteria are confirmed in the third quarter, with all procurement costs, work practices, materials lists, and labor rates being thoroughly authenticated.• It is the responsibility of the individual to create and execute reliable procurement and inventory management measures that can ensure accuracy in inventory valuation and handle the balance sheet reserves effectively.• Observing the efficiency and suggesting improvements for the controls in the cost accounting system.Qualification of Senior Financial Accountant:• 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.• 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.• 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 of Senior Financial Accountant:• 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 InsuranceEEO Statement:TerrAscend considers qualifications, skills, and job performance when evaluating employees and prospective job candidates.TerrAscend is a company that upholds equality and fairness to its employees. Any form of discrimination is not condoned by the company. According to the law, TerrAscend disallows any discrimination based on various factors including the race, color, religion, gender, age, and physical or mental disability of an employee. Moreover, biases against genetic information, sexual orientation, and gender identity are also not tolerated. Therefore, every person who is part of TerrAscend's workforce, from higher positions such as supervisors to colleagues, is bound by the company's commitment to equal employment opportunities.Disclaimer:This agreement does not serve as a binding contract between the employer and employee. The employer retains the authority to modify the job description at will, without prior notice.This agency is an active participant in the E-Verify system:The employer acknowledges participation in the E-Verify program which allows the federal government to verify that you are legally able to work in the United States by reviewing your Form I-9 information.