Accounts Receivable Coordinator at Cresco Labs

Chicago, Illinois, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

CannabisIndustries

Requirements

Associate or bachelor’s degree in accounting, finance, or business preferred but not required
5+ years of AR experience required with high volume of cash
Experience with financial accounting and ERP systems required (SAP and/or similar)

Responsibilities

Scan or mail customer checks to the bank
Properly apply payments to the invoices on the customer remittance
Work with Accounting team on unapplied cash and NSF/Rejected checks
Review all banks several times per day for any new ACH or Wire payments
Record and ensure the timely posting of all cash received in Chicago, IL and all Wires/ACH payments received in bank accounts
Contact customers with past due balances by email or phone
Work with internal Sales team when needed to resolve past due balances
Update notes daily on the collection spreadsheet and save to shared drive
Recommend customer accounts for 10 Day Demand Letter or Bad Debt write-off
Ensure customer orders placed on credit or collection hold are quickly resolved, including ensuring licenses and tax certificates are current and legitimate
Provide timely responses to all audit requests
Perform other job duties as needed

Skills

Accounts Receivable

Finance

Billing

Collections

Invoicing

Excel

Accounting Software

Cresco Labs

Cultivates, processes, and sells cannabis products

About Cresco Labs

Cresco Labs is involved in the U.S. cannabis industry as a grower, processor, and retailer of cannabis products for both recreational and medical users. The company offers a range of trusted brands to meet diverse consumer needs and operates in eleven states with a focus on high-demand markets and strict regulations. Cresco Labs stands out by emphasizing responsible practices, community empowerment, and eco-friendly initiatives, aiming to create a reputable cannabis industry. Its goal is to ensure that its success benefits local communities and stakeholders while delivering high-quality cannabis products.

Chicago, IllinoisHeadquarters

2013Year Founded

$105.1MTotal Funding

IPOCompany Stage

Social Impact, Consumer GoodsIndustries

1,001-5,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Holidays

401(k) Company Match

401(k) Retirement Plan

Performance Bonus

Stock Options

Employee Discounts

Risks

Increased competition in Ohio following the legalization of recreational cannabis.

Potential supply chain disruptions due to rapid expansion in Pennsylvania.

Regulatory challenges in maintaining compliance across multiple states.

Differentiation

Cresco Labs operates in eleven states, focusing on high-demand, regulated markets.

The company uses a consumer-packaged-goods approach to cannabis production and distribution.

Cresco Labs emphasizes eco-friendly practices and community empowerment initiatives.

Upsides

Cresco Labs reported a tenfold increase in operating cash flow in Q1 2024.

The company is expanding retail operations, with 72 locations nationally, including Ohio and Pennsylvania.

Cresco Labs' diverse brand portfolio caters to both recreational and medical cannabis users.

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