Accounts Payable Manager

Crescolabs; Chicago (IL); On-site; USD 110,000 - 130,000; Full time

Benefits offered by this job

Health insurance

401(K) matching

Discretionary bonuses

Stock options

Paid holidays & PTO

Job summary

Cresco Labs in Chicago, IL seeks an Accounts Payable Manager to lead the corporate AP team, drive process improvements, and ensure accurate vendor payments. The role reports to the SVP, Corporate Controller and oversees AP clerks and leads while expanding AP processes into new markets.

You will supervise AP activities, collaborate with Treasury and Corporate Accounting, and help develop SOPs and KPIs in a fast-paced, regulated cannabis environment.

Qualifications

• Bachelor’s degree in accounting, finance or business-related field required.
• 10+ years of relevant experience in staff accounting, accounts payable, accounting clerk or other related role.
• Previous management experience required.
• CPA desirable, but not required.
• Strong interpersonal skills and consistent follow through on assigned tasks.
• Public company experience, including SOX controls, highly preferred.
• Project management experience highly preferred.
• Experience with financial accounting and ERP systems (SAP and/or Sage Intacct preferred).
• Advanced proficiency in MS Excel and MS Office required.
• Enjoys working in a start-up, fast-paced environment.
• Ability to work independently in a highly organized manner.

Responsibilities

• Analyze invoices for accuracy and eligibility for payment, including review of staff coding.
• Ensure timely payments of vendor invoices and expense vouchers and maintain/review accurate financial records and control reports.
• Review and/or prepare AP aging, AP accruals, and other related schedules used in monthly, quarterly, and annual reporting for both internal and external reporting purposes.
• Supervise a group of 10, including a Supervisor, a Lead, and AP clerks.
• Work closely with the Treasury team to assist with cash flow forecasting.
• Work closely with the Corporate Accounting team to ensure proper coding of AP invoices and accruals.
• Responsible for updating and improving the key vendor payments report.
• Provide timely assistance and support to the business and operational leaders; respond to financial questions/concerns to meet business needs.
• Responsible for the development and documentation of AP business processes and policies to maintain and strengthen internal controls.
• Assist with implementation of additional accounting modules and add-on reporting systems, including ERP implementation.
• Drive the continuous improvement of processes and procedures as company expands in new and established markets.
• Lead the integration of the AP process for newly acquired businesses.
• Effectively plan for the evolution of the AP team, striving to serve the business as a strategic partner and optimize net working capital by implementing and monitoring relevant data points and KPIs.
• Support the year-end financial audit and tax preparation process by maintaining accurate records in line with the Company’s document retention policy.
• Work cross functionally with company departments and external partners, driving key projects in the procure-to-pay process

Skills

Interpersonal skills

Analytical thinking

Project management

Advanced Excel

Independent worker

Education

Bachelor’s degree in accounting, finance or business-related field

CPA desirable

Tools

SAP

Sage Intacct

Job description

COMPANY OVERVIEW

Cresco Labs is one of the largest public, vertically integrated, multistate operators in the cannabis industry. Our portfolio of in-house cultivated and manufactured brands features some of the highest quality, most awarded and most popular cannabis products in America. With dozens of locations nationwide, our owned and operated Sunnyside® dispensaries provide a welcoming, positive, judgement-free place to shop for anyone at any point on their cannabis journey.

Founded in 2013, Cresco Labs’ mission is to normalize and professionalize cannabis through our passionate employees. As stewards of the cannabis industry, our teams are constantly focused on supporting the needs of our fellow colleagues, consumers, customers, and communities alike. With a focus on Social Equity and Educational Development, our SEEDTM initiative ensures that our company reflects the communities in which we serve, ensuring equal opportunity for all to have the knowledge and resources to work in and own businesses in cannabis.

At Cresco Labs, we aim to revolutionize and lead the nation’s cannabis industry with a focus on quality and consistency of product, and to bring legitimacy to the industry with the highest level of integrity and professionalism.

MISSION STATEMENT

At Cresco, we aim to lead the nation’s cannabis industry with a focus on regulatory compliance, product consistency, and customer satisfaction. Our operations bring legitimacy to the cannabis industry by acting with the highest level of integrity, strictly adhering to regulations, and promoting the clinical efficacy of cannabis. As Cresco grows, we will operate with the same level of professionalism and precision in each new market we move in to.

JOB SUMMARY

Cresco Labs is seeking an Accounts Payable Manager to join our corporate finance team in Chicago, IL. The AP Manager will report to the SVP, Corporate Controller and supervise a team of AP clerks and leads who are responsible for all activities and operations in the accounts payable function for the organization, responsible for ensuring analysis of invoices and expense reports for accuracy and eligibility for payment, managing timely payments of vendor invoices and expense vouchers, and maintaining accurate financial records and control reports. This individual will be a key leader in the Controllership team, driving process improvements and integration/expansion of AP processes in newly acquired businesses and expanding markets. The AP Manager will also be responsible for the documentation and development of SOPs, process maps, and key controls in the procure-to-pay function.

The ideal candidate is highly organized with great attention to detail and an entrepreneurial mindset to identify improvements and help manage change in a dynamic, hyper-growth environment.

CORE JOB DUTIES

• Analyze invoices for accuracy and eligibility for payment, including review of staff coding

• Ensuretimelypayments of vendor invoices and expense vouchers andmaintain/reviewaccuratefinancial records and control reports

• Review and/or prepare AP aging,APaccruals, and other related schedules used in monthly, quarterly, and annual reporting for both internal and external reporting purposes

• Supervise a group of10, including a Supervisor, a Lead, andAP clerks

• Work closely with the Treasuryteamtoassistwith cash flowforecasting

• Work closely with the Corporate Accounting team to ensure proper coding of AP invoices and accruals

• Responsible for updating and improving the key vendor payments report

• Providetimelyassistanceand supporttothe business andoperational leaders; respond to financial questions/concerns to meet business needs

• Responsible for the development and documentation of AP business processes and policies tomaintainand strengthen internal controls

• Assistwith implementation ofadditionalaccounting modules and add-on reporting systems, including ERP implementation

• Drive the continuous improvement of processes and procedures as company expands in tonew and established markets

• Lead the integration of the AP process for newlyacquiredbusinesses

• Effectively plan for the evolution of theAP team, striving to serve the business as a strategic partner andoptimizenet working capital by implementing andmonitoringrelevant data points and KPIs

• Support the year-end financial audit and tax preparation process bymaintainingaccuraterecords in line with the Company’s document retention policy

• Work cross functionally with company departments and external partners, driving key projects in theprocure-to-pay process

REQUIRED EXPERIENCE, EDUCATION AND SKILLS

• Bachelor’s degree in accounting, finance or business-related field required

• 10+ years of relevant experience in staff accounting, accounts payable, accounting clerk or other related role

• Previous management experience required

• CPA desirable, but not required

• Strong interpersonal skills and consistent follow through on assigned tasks

• Public company experience, including SOX controls, highly preferred

• Project management experience highly preferred

• Experience with financial accounting and ERP systems (SAP and/or Sage Intacct preferred)

• Advancedproficiencyin MS Excel and MS Officerequired

• Enjoys working in a start-up, fast-paced environment

• Ability to work independently in a highly organized manner

In accordance with any local and state compensation laws, the compensation listed is the current estimated range for the position. Final offer details and future compensation may be determined by multiple factors including but not limited to, geographic location, market compensation data, skills, experience, and other relevant factors. For questions about this please discuss with your recruiter during the interview process.

Pay Range $110,000 — $130,000 USD

BENEFITS

Cresco Labs is proud to offer eligible employees a robust offering of benefits including, major medical, dental and vision insurance, a 401(K)-match program, FSA/HSA programs, LTD/STD options, life insurance and AD&D. We also offer eligible employees paid holidays and paid time off. Other rewards may include annual discretionary bonuses, stock options as well as participation in our employee discount program. Benefits eligibility for permanent positions may vary by full-time or part-time roles, location, or position.

ADDITIONAL REQUIREMENTS

• Must be 21 years of age or older to apply

• Must comply with all legal or company regulations for working in the industry

• The company does not offer employment-based visa sponsorship for this role or any other position, now or in the future. Applicants must be legally authorized to work in the United States on a permanent basis without the need for current or future sponsorship at any time.

Cresco Labs is an Equal Opportunity Employer and all applicants will be considered without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.