Full-Time

Senior Analyst

Cost Accounting

Posted on 3/28/2024

Cresco Labs

Cresco Labs

1,001-5,000 employees

Cultivates, processes, and sells cannabis products

Compensation Overview

$75k - $85k/mo

Senior

Uxbridge, MA, USA + 2 more

More locations: Chicago, IL, USA | Fall River, MA, USA

Category
Cost Accounting
Financial Analysis
Accounting
Required Skills
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor's Degree in accounting or business with accounting concentration.
  • 3+ years accounting experience (cost/inventory accounting highly preferred).
  • Advanced to Expert proficiency in MS Excel required, including working with large amounts of data, complex functions, and nested formulas. Power Query proficiency preferred.
  • Experience with financial systems (Intacct and BPC helpful) with knowledge of data structure and reporting requirements.
Responsibilities
  • Subject matter expert for cost and inventory accounting.
  • Responsible for processing and preparation of the inventory analysis cost model for at least one market.
  • Acts as liaison with operations for the market(s) associated with the assigned cost model(s).
  • Partner with the operational teams across the organization on key cost projects.
  • Prepare inventory analysis and valuation on a quarterly basis, with estimates and other key assumptions developed monthly.
  • Calculates inventory reserve schedules on a quarterly basis.
  • Prepares cost estimates and required KPI's monthly.
  • Prepare schedules used in monthly, quarterly, and annual reporting for both internal and external reporting purposes.
  • Assist with preparation of financial statement analytics on a quarterly basis.
  • Assist with operational cost model and SKU-level analysis initiatives to provide improved profitability reporting.
  • Participate in and/or lead monthly and quarterly meetings with operational teams.
  • Assist with the continuous improvement of processes and procedures as the company expands in both new and established markets.
  • Prepare and update documentation of business processes and accounting policies to maintain and strengthen internal controls.
  • Interact with external auditors for quarterly reviews and year-end audit.

Cresco Labs operates 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 that cater to various consumer needs, ensuring a consistent and high-quality experience. Cresco Labs operates in eleven states, focusing on markets with high demand and strict regulations, which helps it maintain a competitive advantage. The company emphasizes responsible practices, exceeding regulatory requirements, and collaborating with local governments to establish appropriate regulations. Cresco Labs aims to create a reputable industry while benefiting local communities and stakeholders. Its revenue comes from cultivating, manufacturing, and retailing cannabis products, supported by state-of-the-art facilities and a skilled team.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

2013

Simplify Jobs

Simplify's Take

What believers are saying

  • Investment in Kentucky positions Cresco for growth in the emerging medical marijuana market.
  • Expansion into Ohio's adult-use market boosts sales and brand presence.
  • Strong Q1 2024 financials indicate robust financial health and operational efficiency.

What critics are saying

  • Potential oversupply in Ohio could lead to price reductions and impact profit margins.
  • Expansion into Kentucky involves regulatory uncertainty and financial risks.
  • Rapid expansion in Pennsylvania may strain operational resources and management.

What makes Cresco Labs unique

  • Cresco Labs uses a consumer-packaged-goods approach to cannabis production and distribution.
  • The company operates in eleven states, focusing on high-demand, regulated markets.
  • Cresco Labs emphasizes eco-friendly packaging and community empowerment initiatives.

Help us improve and share your feedback! Did you find this helpful?

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

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-3%
THC Marijuana News
Apr 24th, 2025
Kentucky's Medical Marijuana Industry Takes a Major Leap Forward with New Facility

Cresco Labs, which operates in eight other states, has invested $15.4 million in the facility, which is expected to produce 2,000 pounds of medical marijuana per month.

WTVQ
Feb 26th, 2025
ABC 36 tours Ohio cannabis company potentially eyeing Kentucky market

Cresco Labs will also share its thoughts on potentially expanding into Kentucky as the state prepares for its medical cannabis rollout.

TipRanks
Sep 12th, 2024
Cresco Labs Appoints New CFO Amidst Growth

Cresco Labs Inc. announces the retirement of CFO Dennis Olis and the appointment of Sharon Schuler, an executive from BJ's Wholesale Club, as his successor.

Business Wire
Aug 6th, 2024
Cresco Labs Launches Adult-Use Cannabis Distribution and Retail Sales in Ohio

Cresco Labs launches adult-use cannabis distribution and retail sales in Ohio.

Green Market Report
May 16th, 2024
Cresco Labs warns of initial supply hiccups ahead of Ohio launch

To ready for the transition, Cresco said it has steadily invested in incremental capital expenditures to expand cultivation capacity at its production facility in Ohio.

INACTIVE