Senior Manager, External Reporting

Job Description

Job Description

COMPANY OVERVIEW

Cresco Labs is one of the largest public, vertically integrated, multistate operators in the cannabis industry. Our portfolio of in-house cultivated and manufactured brands features some of the highest quality, most awarded and most popular cannabis products in America. With dozens of locations nationwide, our owned and operated Sunnyside® dispensaries provide a welcoming, positive, judgement-free place to shop for anyone at any point on their cannabis journey.

Founded in 2013, Cresco Labs' mission is to normalize and professionalize cannabis through our passionate employees. As stewards of the cannabis industry, our teams are constantly focused on supporting the needs of our fellow colleagues, consumers, customers, and communities alike. With a focus on Social Equity and Educational Development, our SEEDTM initiative ensures that our company reflects the communities in which we serve, ensuring equal opportunity for all to have the knowledge and resources to work in and own businesses in cannabis.

At Cresco Labs, we aim to revolutionize and lead the nation's cannabis industry with a focus on quality and consistency of product, and to bring legitimacy to the industry with the highest level of integrity and professionalism.

If you're interested in joining our mission, click the below links to join our team today! MISSION STATEMENT

At Cresco, we aim to lead the nation's cannabis industry with a focus on regulatory compliance, product consistency, and customer satisfaction. Our operations bring legitimacy to the cannabis industry by acting with the highest level of integrity, strictly adhering to regulations, and promoting the clinical efficacy of cannabis. As Cresco grows, we will operate with the same level of professionalism and precision in each new market we move in to.

JOB SUMMARY

Cresco Labs is seeking a Senior Manager, External Reporting, to join our corporate finance team in Chicago, IL. The Senior Manager, External Reporting, will report to the Director of External Reporting & Consolidations and lead a team of external reporting analysts. This role will own the month-end close for stock-based compensation (SBC) and other equity transactions, lead the full implementation of the company's equity accounting system, and own the monthly, quarterly, and annual filings as required under Canadian Securities Regulations and the SEC. Our ideal candidate must be a self-starter who is highly organized with great attention to detail and thrives in a fast-paced environment

CORE JOB DUTIES

SEC Reporting

• Oversee the preparation and review of monthly, quarterly, and annual Canadian Securities Regulations and SEC filings

• Oversee the preparation of the earnings per share (EPS) calculations, including diluted share counts and weighted-average share activity

• Coordinate with auditors on audit requests

• Perform technical accounting research and prepare memos on complex equity and SBC transactions under U.S. GAAP

• Manage XBRL tagging

• Participate in special projects and ad-hoc requests as assigned

Stock-Based Compensation – Month-End Close

• Own the full monthly close process for stock-based compensation, including calculation, journal entry preparation, and account reconciliation

• Maintain and reconcile the SBC sub-ledger to the general ledger on a monthly basis, ensuring accuracy and completeness

• Track and account for all equity award activity including grants, vesting, forfeitures, expirations, and modifications

• Calculate and record expense for all equity award types including stock options and RSUs using Certent

• Coordinate with VP of Compensation & Workforce Strategy and payroll on new hire, termination, and modification events impacting equity awards

• Maintain effective internal controls over the equity close process and support SOX compliance documentation

Equity Accounting System Implementation

• Lead the full implementation Certent, the company's equity accounting system

• Oversee data migration of historical equity grant data, ensuring completeness, accuracy, and integrity of all records transferred to the new system

• Configure system award types, vesting schedules, valuation inputs, and accounting treatment to align with company policy and U.S. GAAP

• Document the business processes, system workflows, and internal control procedures for Certent

• Design and validate system-generated accounting outputs, ensuring accurate integration with the general ledger and financial reporting systems

• Build and test automated reconciliations between the equity platform, payroll, and the general ledger

• Serve as the primary system administrator and subject matter expert post-implementation, managing ongoing configuration and updates

People Management

• Lead, mentor, and develop a team of external reporting analysts

• Set clear expectations for each team member around their individual roles and responsibilities

• Foster a culture of accountability, professional judgment, and continuous improvement

REQUIRED EXPERIENCE, EDUCATION AND SKILLS

• Bachelor's Degree in accounting or finance

• 7+ years of accounting experience (public accounting and/or external reporting at a publicly traded company) 

• CPA required

• Strong interpersonal skills and consistent follow-through on assigned tasks 

• Experience with equity system implementation

• Experience with financial and reporting systems preferred (e.g., Certent, Intacct, BPC, Workiva)

• Deep knowledge of U.S. GAAP and SEC reporting rules and regulations is required

• Advanced proficiency in MS Excel and MS Office required  

• Ability to thrive within a post-start up, fast-paced, public company environment

• Ability to deal with ambiguity and change; able to act as a change agent

• Ability to work independently in a highly organized manner   

BENEFITS

Cresco Labs is proud to offer eligible employees a robust offering of benefits including, major medical, dental and vision insurance, a 401(K)-match program, FSA/HSA programs, LTD/STD options, life insurance and AD&D. We also offer eligible employees paid holidays and paid time off. Other rewards may include annual discretionary bonuses, stock options as well as participation in our employee discount program. Benefits eligibility for permanent positions may vary by full-time or part-time roles, location, or position.

In accordance with any local and state compensation laws, the compensation listed is the current estimated range for the position. Final offer details and future compensation may be determined by multiple factors including but not limited to, geographic location, market compensation data, skills, experience, and other relevant factors. For questions about this please discuss with your recruiter during the interview process.

Pay Range

$130,000—$150,000 USD

BENEFITS

Cresco Labs is proud to offer eligible employees a robust offering of benefits including, major medical, dental and vision insurance, a 401(K)-match program, FSA/HSA programs, LTD/STD options, life insurance and AD&D. We also offer eligible employees paid holidays and paid time off. Other rewards may include annual discretionary bonuses, stock options as well as participation in our employee discount program. Benefits eligibility for permanent positions may vary by full-time or part-time roles, location, or position.

ADDITIONAL REQUIREMENTS

• Must be 21 years of age or older to apply
• Must comply with all legal or company regulations for working in the industry
• The company does not offer employment-based visa sponsorship for this role or any other position, now or in the future. Applicants must be legally authorized to work in the United States on a permanent basis without the need for current or future sponsorship at any time.

Cresco Labs is an Equal Opportunity Employer and all applicants will be considered without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.

California Consumer Privacy Act ("CCPA") Notice to Applicants:Please read the California Employee Privacy Notice ("CA Privacy Notice") regarding Sunnyside* and its affiliate Cresco Labs' policies pertaining to the collection, use, and disclosure of personal information. This CA Privacy Notice supplements the information contained in the Sunnyside* Privacy Policy and applies to California resident employees and job applicants. Applicants with disabilities may access this notice in an alternative format by contacting View email address on ziprecruiter.com a Scam:

Cresco Labs is aware of fictitious employment offers being circulated from various sources. Many of these schemes consist of an alleged offer of employment with Cresco Labs with the intention of gaining personal information, including payment and/or banking information. Be aware that fraudulent job offers and correspondence may appear legitimate: they may feature a Cresco Labs logo, they may appear to originate from an official-looking email address or web site, or they may be sent by individuals purporting to represent Cresco Labs or an entity which includes the word Cresco Labs in its name.

Please note that Cresco Labs does not ask for payment or personal banking information as a condition of employment. Any personal information is requested for payroll or state badging purposes only. Applications can be securely submitted through our career's pages.We are working diligently to block this from happening. Beware if an offer of employment looks too good to be true. Never divulge personal and banking information or send money if you are unsure of the authenticity of an email or other communication in the name of Cresco Labs.If you are in doubt, please contact us at Report-a- View email address on ziprecruiter.com with questions.