Full-Time

Accounting Operations Manager

Posted on 11/21/2024

NABIS

NABIS

51-200 employees

Cannabis product distribution and logistics services

Compensation Overview

$100k - $140kAnnually

Senior

Remote in USA

Category
Financial Accounting
Management Accounting
Accounting
Requirements
  • At least 5 years experience in accounting operations, with at least 2 years in a supervisory or leadership role
  • Bachelor’s degree in Accounting or a related field
  • Solid understanding of accounting operations processes, including cash application, reconciliation, and vendor payments
  • Strong knowledge of the Order-to-Cash cycle and its relationship to accounting operations
  • Ability to collaborate effectively across departments to identify opportunities for process improvements and operational efficiencies
  • Proficient in using accounting software and platforms, including QuickBooks Online (QBO) and other relevant tools
  • Excellent attention to detail and high accuracy in financial data management
  • Strong analytical and problem-solving skills to address complex accounting issues and discrepancies
  • Ability to prioritize tasks and meet deadlines in a fast-paced and dynamic environment
  • Excellent communication and interpersonal skills to interact with stakeholders and guide the accounting team
  • Demonstrated leadership abilities and a track record of motivating and developing a high-performing team
  • Familiarity with relevant laws, regulations, and compliance requirements related to accounting operations
  • Strong financial acumen and the ability to interpret financial data and reports effectively
Responsibilities
  • Monitor and analyze key performance indicators (KPIs) related to accounting operations, identify areas for improvement, and implement corrective actions
  • Streamline and optimize the cash application and payment reconciliation processes to improve efficiency and accuracy
  • Collaborate with Engineering to identify and implement automation tools or systems to enhance accounting operations
  • Conduct regular training sessions for the accounting team to ensure they are updated with accounting policies, procedures, and best practices
  • Assist in developing and implementing internal controls and processes to mitigate financial risks and ensure compliance with regulations
  • Coordinate and oversee various ad hoc accounting projects, ensuring timely completion and accuracy
  • Collaborate with Brand Payments during brand onboarding and offboarding, ensuring smooth financial transitions and closure of outstanding payments for our partners
  • Perform periodic reviews to confirm clearance of uncleared checks, maintaining accurate financial records
  • Collaborate with the legal team to ensure compliance and proper accounting treatment for legal matters and related processes.
  • Oversee invoice generation and revenue reconciliation, ensuring accurate billing and financial reporting
  • Prepare audit letters and support files, facilitating internal and external audit processes for compliance
  • Supervise and manage the accounting operations team, providing guidance, training, and support to ensure the achievement of departmental goals and objectives

Nabis distributes cannabis products to licensed businesses across California, ensuring quick delivery and efficient supply chain management. Their system allows wholesale orders to be shipped within 48 hours, addressing the logistical challenges of the cannabis industry. Nabis serves cannabis retailers and producers, helping them maintain inventory and meet consumer demand. The company uses its proprietary software to manage orders, track shipments, and ensure compliance with state regulations. Unlike competitors, Nabis combines fast logistics with a user-friendly platform, making it a reliable partner in the cannabis market. Their goal is to streamline distribution for cannabis businesses, enhancing their operational efficiency.

Company Size

51-200

Company Stage

Seed

Total Funding

$36.4M

Headquarters

Oakland, California

Founded

2018

Simplify Jobs

Simplify's Take

What believers are saying

  • Nabis' expansion into New York and Nevada opens new market opportunities.
  • Partnerships with leading brands like Falcon and Maven enhance Nabis' market presence.
  • Nabis Capital provides financial resources, supporting cash flow for cannabis operators.

What critics are saying

  • Increased competition from other platforms could erode Nabis' market share.
  • Volatile cannabis regulations across states pose risks to Nabis' expansion plans.
  • Expansion into new markets may strain Nabis' resources, risking service disruptions.

What makes NABIS unique

  • Nabis offers a rapid distribution network with 48-hour shipping for wholesale orders.
  • The company provides a user-friendly software platform for managing cannabis distribution lifecycle.
  • Nabis combines logistics with advanced software solutions for regulatory compliance and efficiency.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

2%
MG Magazine
Nov 19th, 2024
Nabis Launches in New York

NEW YORK - Nabis, a licensed cannabis wholesale platform, has expanded into the New York cannabis market.

Business Wire
Apr 11th, 2024
Leading California Cannabis Brands Falcon And Maven Leverage Nabis’ Logistics Platform To Advance Growth

SAN FRANCISCO--(BUSINESS WIRE)--Today, a suite of well-respected California cannabis companies, including Falcon, one of the largest producers and house of brands on the market, and Maven, an award-winning connoisseur brand focused on breeding high-caliber genetics, announced agreements with the leading third-party fulfillment platform, Nabis. This announcement marks a trend among the largest operators in California’s turbulent and growing market to relieve pressure and continue to enhance scalability with tech-forward, data-driven, streamlined distribution services like those offered by Nabis. Falcon is one of the largest producers of cannabis products in California, and its portfolio of leading brands—Cru Cannabis, High Garden, Jetpacks, Littles and Zip—have remained in high demand across the state since 2017, despite ongoing market fluctuations. “Since our inception in 2017, we’ve created and maintained best in class processes that elevate customer satisfaction, consistently delivering a wide assortment of products that stay ahead of consumer trends,” said Steve Gutterman, CEO of Falcon. “Our partnership with Nabis provides an additional layer of support that will help us continue to meet the needs of our valued customers up and down California. Adding Nabis into the fold as a distribution option will allow us to provide elevated service to retailers and, ultimately, consumers.”

Business Wire
Feb 27th, 2024
Nabis Advances National Expansion Efforts With Blackbird Acquisition, Entering Nevada’S Wholesale Cannabis Market

LAS VEGAS--(BUSINESS WIRE)--Nabis, the nation’s leading licensed cannabis wholesale platform, today announces its acquisition of Blackbird, the premier Nevada-based distribution solution. This transition will bring Nabis’ robust technology, infrastructure and exclusive brands to Blackbird’s unparalleled network of Nevada operators and retailers, further strengthening and streamlining efficiencies for operating partners throughout the state’s greater supply chain. “Blackbird has done an incredible job of supporting Nevada’s strategically important cannabis market for brand building since the state’s legalization in 2016, and we’re honored to continue marching towards our shared vision alongside their team,” said Vince C. Ning, Co-CEO and Co-Founder of Nabis. “As we focus on serving customers nationwide through our platform, we’re looking forward to expanding Blackbird’s resources for customers in Nevada and continuing to foster the strong company culture the team has built.”. Combining Nabis’ leading marketplace and multi-channel fulfillment network with Blackbird’s established expertise in Nevada, this acquisition brings forth a new unified customer experience for cannabis wholesaling in the region

Yahoo Finance
Feb 27th, 2024
Nabis Advances National Expansion Efforts With Blackbird Acquisition, Entering Nevada's Wholesale Cannabis Market

As the top licensed cannabis wholesaling platform, Nabis' acquisition of Blackbird not only strengthens the multi-state supply chain, but also offers operating partners a clear path toward regional expansion into Nevada's burgeoning market.

Business Wire
Feb 1st, 2024
Nabis Launches Revamped Payment Solution, Nabis Capital, Expanding Financial Resources For Cannabis Operators

SAN FRANCISCO--(BUSINESS WIRE)--Nabis, the leading licensed cannabis wholesale platform in the world’s largest legal market, announces the launch of Nabis Capital. The resource is an updated and streamlined payment solution that supports brand partners by helping to simplify cash flow and provide a form of working capital that is otherwise unavailable to licensed operators. “There’s undoubtedly a large gap in the cannabis fintech space, and Nabis is proud of the work we’ve done to build out this advanced service that supports our partners during a critical time for the industry,” said Jun S. Lee, Co-CEO and Co-Founder of Nabis. “By providing working capital, we can help those facing the unique challenge of obtaining the traditional financing needed to support expansions and streamline cash flow cycles across both brand and market growth.”. Nabis Capital—treated like a cash-on-delivery order for accounts receivable—provides 100% of the cash upfront with a 24-hour processing time, essentially acting as an in-house capital deployment method

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