Senior Financial Analyst at Cresco Labs

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

CannabisIndustries

Requirements

Bachelor’s degree in Finance, Accounting, Economics, or related field (MBA or CPA preferred)
3–5+ years of progressive experience in FP&A or financial analysis
Experience in multi-unit retail environment
Highly analytical and detail-oriented
Strong background in retail finance
Exceptional data analytics skills
Ability to thrive in a fast-paced, evolving industry
Strong interpersonal skills
Ability to handle multiple deliverables simultaneously
Excellent communication skills (written and verbal)
Maturity to liaise with senior management

Responsibilities

Work in collaboration with the commercial operations and finance teams to understand key business drivers, pain points, and reporting needs
Partner with cross-functional teams to streamline processes and enhance financial visibility
Support quarterly and annual budgeting and forecasting processes for retail operations
Develop and maintain financial models to evaluate performance and support decision-making
Analyze financial results, trends, and variances versus plan and prior periods
Prepare and deliver clear, concise reporting packages for leadership
Monitor and report on key retail metrics (sales, margin, labor, marketing, etc.)
Leverage large data sets to provide insights and improve reporting accuracy
Review and validate accrual activity and general ledger coding for accuracy and compliance
Collaborate with accounting to ensure proper month-end close processes
Provide effective support to the FP&A team in all data collection and extraction to support strategic decisions

Skills

Key technologies and capabilities for this role

Financial AnalysisFP&AAnalytical SkillsRetail AnalyticsExcelFinancial Modeling

Questions & Answers

Common questions about this position

What is the salary range for the Senior Financial Analyst position?

This information is not specified in the job description.

Is this Senior Financial Analyst role remote or office-based?

This information is not specified in the job description.

What skills are required for the Senior Financial Analyst role?

The role requires a strong background in retail finance, exceptional data analytics skills, and the ability to thrive in a fast-paced, evolving industry. Additional key skills include financial modeling, budgeting, forecasting, and variance analysis.

What is the company culture like at Cresco Labs?

Cresco Labs focuses on normalizing and professionalizing the cannabis industry through passionate employees, with an emphasis on social equity, educational development, regulatory compliance, product consistency, customer satisfaction, integrity, and professionalism.

What makes a strong candidate for the Senior Financial Analyst position?

A strong candidate is highly analytical, detail-oriented, with a background in retail finance and exceptional data analytics skills, capable of thriving in a fast-paced industry while collaborating with teams to provide actionable insights.

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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