Sr. Cost Accountant

Hagerstown, MD

TerrAscend – Finance & Accounting /

Full-Time /

On-site

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.

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

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

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

The Senior Cost Accountant provides weekly, and monthly (month end close) support with a focus on cost accounting, inventory valuation, balance sheet & P/L reconciliation, and process improvement in line with TerrAscend’s standard operating procedures.

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

Responsibilities:

Assists the Accounting Managers in driving the Month-End Close process for multiple entities. Participates and at time supervises daily accounting department tasks. Prepares and/or reviews appropriate ledger entries and accruals, with a primary focus on cultivated and manufactured inventory, and related costs of production.
Ensures 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.
Collaborate 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.
Performs ad hoc analysis and projects as requested, including the implementation of new ERP system (Epicor/Wherefour).
Works 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.

Inventory Valuation and Management:

Plan, study and collect data to determine costs of business activity such as raw material purchases, labor and overhead expenditures which directly affect the company’s financial operations. Review and provide 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).
Makes estimates of new and proposed product or service costs. Recommends cost efficiencies to senior management and executes agreed upon directives. Review and provide input and justification for new manufacturing equipment capital expenditures.
Develops and delivers management with reporting and analysis of manufacturing efficiency performance, specifying and comparing factors affecting profitability of products or services.
Analyze as needed changes in product packaging design, raw materials, manufacturing methods, or services provided, to determine effects on costs. Analyze and make recommendations as to inventory content.
Drives continuous improvement programs to reduce product costs through interaction with Operations.
Supports all accounting month end and year end processes completing required journal entries and analysis as required. Support close process in other ways as assigned and required.
Compiles and develops information to be used in operating budget preparation including material costs, labor costs and overhead spending costs by P&L line item.
Set up all new standard costs or changes to existing standards. Develops components, finalizes and rolls out standards at quarter end including verification of all purchases costs, routings, bills of materials, labor rates. Develops 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, assistance with balance sheet reserves, other items as appropriate.
Monitor effectiveness and make recommendations as to effectiveness of controls in cost accounting system. Develops and installs new cost accounting systems or components as needed.

Experience & Requirements:

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.

$85,000 - $95,000 a year

#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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