Senior Cost Accounting & FP&A Manager

POSITION SUMMARY

This role will have direct management and oversight of inventory and costing systems for Florida, Massachusetts and Texas and will play a key role in the growth of the company by analyzing business financial performance, generating monthly and ad hoc reporting, maintaining pro forma models used for company operations, pricing, M&A activities, and other ad hoc activities. You will report to the Director, Corporate Accounting but will work closely with the Director, FP&A and other leadership positions across the company.

CORE JOB RESPONSIBILITIES

• Oversee all aspects of accounting related to inventory and production processes for cultivation, extraction, processing and manufacturing
• Develop and maintain effective and efficient month-end close procedures related to the inventory and cost accounting processes
• Develop and maintain effective and efficient month-end close procedures related to the inventory and cost accounting processes
• Ensure cultivation and manufacturing policy and procedures are in accordance with US GAAP and internal control requirements
• Provide analysis of new product launches, department costing, and cost allocations as required
• Develop and maintain a BOM review process, update significant costing changes related to raw materials
• Support Director, FP&A on development of benchmarks for the measurement of company financial performance goals, scorecards for cultivation and processing performance, and forecasts
• Assist in preparation of the annual budget, rolling budget, and forecasts
• Ability to combine multiple data sources to build custom analyses and proactively track product trends
• Work closely with other departments to develop and improve costing infrastructure
• Spearhead development and transition to standard costing model
• Ensure the accuracy of the organization's financial results and reports
• Account for any budget variances and report significant discrepancies to management
• Drive cycle counting, periodic physical inventory internal audits
• Oversee year-end inventory counts performed by external auditors
• Work directly with external auditors to provide necessary costing information in support of annual audits
• Assist in analysis of capital investments, contract negotiations, and pricing decisions where necessary
• Assist monthly financial analysis and reporting of results, including variance analysis vs budget/forecast and prior year. Ensure timely completion of analysis and reporting on the Company's financial results
• Contribute to the organization's annual budgeting process, as well as the interim forecasting process
• Produce financial reports regarding trends, variances, and profitability and performance measurement
• Manage the preparation of financial materials for executive leadership team
• Key understanding of Finances' role in supporting the business and ability to work with all levels within the organization
• Ensure timely completion of analysis and reporting on the Company's financial results for Board and other internal and external stakeholders.

JOB SKILLS AND REQUIREMENTS

• Bachelor's degree in accounting.
• Certified Public Accountant or Certified Management Accountant designation
• At least 5-10 years of hands-on operational accounting experience. Controller or equivalent experience highly desirable.
• Strong understanding of GAAP.
• Experienced in a dynamic role with a high level of written and oral communication skills.
• Analytically and communicatively
• Focuses simultaneously on short- and long-term goals and ability to identify problems quickly.
• Strong organizational skills and ability to prioritize workload to meet tight deadlines in a fast-paced, changing, and challenging environment.
• Strong financial modeling and business analysis
• Proficient in Microsoft Office.
• Team player and can collaborate with other teams in the organization.
• Ability to identify the key drivers and factors to uncover risks and opportunities
• Strong Excel skills required

PARALLEL IS UNITED BY OUR VISION, MISSION, & VALUES

Our Vision

Our Mission

CORE VALUES OF A PARALLEL ASSOCIATE

INTEGRITY

COLLABORATION

AGILITY

INTENTIONALITY

ALIGNMENT

ACCOUNTABILITY

Parallel is one of the largest privately-held, vertically-integrated, multi-state cannabis operators in the U.S. with active operations in five high-growth cannabis markets. In each market we are known by distinct retail brand names:  ‍

• Florida: Surterra Wellness
• Massachusetts: NETA 
• Texas: goodblend 
• Pennsylvania: goodblend 
• Nevada: The Apothecary Shoppe

Parallel is building a leading well-being company and are looking for the best, most diverse talent to join our team. We have a high-performance, inclusive, and employee-focused culture, that focuses just as much on how we do things as on what we do. We strive for the highest compliance to our laws and regulations, while finding the most efficient and innovation solutions that will benefit how we continue to serve our customers.