SVP, Corporate Controller at Cresco Labs

Chicago, Illinois, United States

Cresco Labs Logo
Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
CannabisIndustries

Requirements

  • Bachelor's degree in Accounting, Finance, or related field; CPA or CMA certification required
  • Minimum of 10 years of progressive accounting experience, with at least 5 years in a senior leadership role
  • Public company experience required
  • Strong knowledge of GAAP and financial principles and practices
  • Experience with SEC reporting (e.g., 10-K, 10-Q, 8-K filings) and SOX compliance
  • Excellent analytical skills
  • Strong leadership skills

Responsibilities

  • Lead and manage the accounting team to ensure accurate and timely financial reporting
  • Oversee the preparation and analysis of financial statements, ensuring compliance with GAAP and other regulatory requirements
  • Manage the preparation and filing of all required SEC reports, including 10-K, 10-Q, and 8-K filings
  • Develop and implement financial policies, procedures, and internal controls to safeguard company assets and ensure SOX compliance
  • Oversee and drive key projects for Finance, including standard costing, intercompany standardization, and other cost analysis projects to support ERP implementation
  • Provide strategic financial insights and recommendations to the executive team to support decision-making
  • Support finance integration projects; lead integration of new acquisitions for certain accounting areas, carveouts and divestitures
  • Manage the annual audit process and liaise with external auditors
  • Ensure compliance with federal, state, and local regulatory requirements
  • Monitor and analyze accounting data and produce financial reports or statements
  • Support the CFO in presenting reports to senior executives, stakeholders, and board members

Skills

Financial Reporting
GAAP
SEC Filings
Regulatory Compliance
Internal Controls
Leadership
ERP Systems

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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