TerrAscend

Accounts Receivable Analyst

Remote

Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
CannabisIndustries

Requirements

A Bachelor's degree in Accounting, Finance, or Business is preferred, with a minimum of 1-2 years of accounts receivable experience, including small business collections. Intermediate knowledge of U.S. GAAP is required, along with advanced Microsoft Excel skills and proficiency in the overall Microsoft Office Suite. Experience in wholesale and retail accounting environments, including cash reconciliation and AR reconciliation/collections, is beneficial. Familiarity with inventory processes, retail sales, sales and use tax, public company audit compliance, and ERP systems like Epicor is also preferred. The ideal candidate is a self-starter who prioritizes accuracy and ownership, with strong prioritization and task completion abilities.

Responsibilities

The Accounts Receivable Analyst will prepare and review daily deposits, apply customer payments, and resolve payment discrepancies. Responsibilities include conducting cause and needs analysis for collection issues, monitoring AR aging reports, maintaining collection notes, identifying trends, and negotiating payment plans with past-due customers. The role involves making credit hold and bad debt recommendations, partnering with sales and accounting management to resolve disputes, and collaborating with sales and fulfillment teams to enhance customer service and identify process improvements. The analyst will also work with various internal departments and customers to address inquiries, complete monthly AR reconciliations, reconcile shipments to invoices, and ensure compliance with internal controls and SOX requirements, including audit requests related to AR invoicing and discrepancies.

Skills

Accounts Receivable
Payment Processing
Invoicing
Aging Analysis
Reconciliation
Collections
Customer Relations
Payment Plans
Credit Analysis
Dispute Resolution
Process Improvement
Financial Reporting

TerrAscend

Produces and sells cannabis products and services

About TerrAscend

TerrAscend specializes in producing and selling cannabis products for both medicinal and recreational use. The company grows cannabis plants and processes them into various forms, including dried flower, oils, and edibles, which are then sold through their own retail brands and other distribution channels. Unlike many competitors, TerrAscend has a comprehensive business model that includes cultivation, processing, manufacturing, and retail, allowing them to control the quality of their products from start to finish. Their goal is to provide high-quality cannabis offerings while ensuring compliance with safety and efficacy standards, and they aim to expand their market presence through strategic acquisitions and innovation.

Ontario, CaliforniaHeadquarters
2017Year Founded
$19.9MTotal Funding
IPOCompany Stage
Food & Agriculture, BiotechnologyIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
401(k) Retirement Plan
401(k) Company Match
Employee Assistance Program
Paid Parental Leave
Short & Long Term Disability
Flexible Spending Account
Wellness Program
Employee Discount
Paid Vacation

Risks

High competition in Ohio may impact TerrAscend's profitability.
The 12.75% interest rate on debt financing could strain financial resources.
Reliance on promotions like 'Green Wednesday' may indicate inconsistent revenue streams.

Differentiation

TerrAscend is a vertically-integrated cannabis company with a global presence.
The company focuses on both medicinal and recreational cannabis products and services.
TerrAscend's strategic acquisitions enhance its growth and market presence.

Upsides

TerrAscend's entry into Ohio expands its footprint to six states.
The $140M financing strengthens TerrAscend's financial position for future growth.
Innovative product offerings like Legend mini pre-rolls boost brand visibility.

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