Cresco Labs

Manager, Technical Accounting & Reporting

Remote

Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Cannabis, Retail, ManufacturingIndustries

Requirements

Candidates must possess a Bachelor's Degree in accounting or business with an accounting concentration and have at least 5 years of accounting experience, preferably in public accounting or technical accounting. An active CPA license from any U.S. state is required, along with demonstrated experience with U.S. GAAP and strong technical accounting knowledge and research skills. Experience with ERP/accounting systems is also required.

Responsibilities

The Manager, Technical Accounting & Reporting will serve as a subject matter expert and preparer for complex accounting areas including revenue recognition, leases, loyalty programs, debt, financial instruments, business combinations, consolidations, and goodwill/intangibles impairment analysis. They will assess the impact of new accounting guidance and assist in adopting new accounting standards, lead technical accounting research for unusual transactions and new contracts, maintain and issue accounting policies and trainings, lead quarterly and annual impairment analysis of goodwill and intangible assets, and participate in ad hoc technical accounting research and special projects.

Skills

Technical Accounting
Financial Reporting
GAAP
SEC Reporting
SOX
Internal Controls
Financial Analysis
Accounting Principles
Communication Skills
Leadership

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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