Accounts Payable Manager

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

Benefits offered by this job

Healthcare benefits

401(k) match

Stock options

Bonuses

Paid time off

Job summary

Cresco Labs in Chicago, IL is seeking an Accounts Payable Manager to lead the AP function within the corporate finance team. You will supervise AP clerks and leads, ensure accurate invoice processing, and manage vendor payments while driving process improvements across newly acquired businesses and expanding markets.

The ideal candidate has 10+ years in AP, strong SOX/ERP experience, advanced Excel skills, and the ability to thrive in a fast-paced environment.

Qualifications

• 10+ years of relevant experience in staff accounting, accounts payable, accounting clerk or related role.
• Public company experience with SOX controls is highly preferred.
• Experience with ERP systems SAP and/or Sage Intacct.
• Advanced proficiency in MS Excel and MS Office.
• Enjoys working in a start-up, fast-paced environment and can work independently.
• Strong interpersonal skills and follow-through on tasks.

Responsibilities

• Analyze invoices for accuracy and eligibility for payment, including staff coding.
• Ensure timely payments of vendor invoices and expense vouchers; maintain financial records.
• Prepare AP aging, accruals, and related schedules for monthly, quarterly, and annual reporting.
• Supervise a team of 10 including a Supervisor, a Lead, and AP clerks.
• Collaborate with Treasury for cash flow forecasting.
• Coordinate with Corporate Accounting to ensure proper AP coding and accruals.
• Develop and document AP processes and controls; support SOPs and policies.
• Assist with ERP implementations and additional reporting systems.
• Drive continuous improvement and integration of AP for new markets and acquisitions.
• Plan evolution of the AP team as the business grows; monitor KPIs and data points.
• Support year-end audit and tax processes with compliant record-keeping.

Skills

SOX controls

ERP systems (SAP/Sage Intacct)

Excel proficiency

Public company experience

Project management

Independent work

Interpersonal skills

Education

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

Job description

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
• 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 of10, 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 tonew 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

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
• 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

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

• major medical, dental and vision insurance, a 401(K)-match program, FSA/HSA programs, LTD/STD options, life insurance and AD&D
• paid holidays and paid time off
• 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.

California Consumer Privacy Act (“CCPA”) Notice to Applicants:

Please read theCalifornia Employee Privacy Notice (“CA Privacy Notice”) regarding Sunnyside* and its affiliate Cresco Labs’ policies pertaining to the collection, use, and disclosure of personal information. This CA Privacy Notice supplements the information contained in theSunnyside* Privacy Policy and applies to California resident employees and job applicants. Applicants with disabilities may access this notice in an alternative format by contacting [e-mail]