Corporate Controller

Corporate Controller

The Company

JARS Cannabis is a privately held, multi-state operating cannabis brand and retailer with a portfolio of recreational storefronts in Arizona, Colorado and Michigan. Headquartered in Troy, Michigan, JARS established operations in 2020 and has grown to collectively operate two greenhouses, two indoor cultivation centers, two distribution hubs and 26 retail storefronts across the US, while offering approximately 6,000 product SKUs from more than 250 emerging and established cannabis brands of various categories and price points. As a culturally inspired organization, JARS is on a mission to rewrite the existing narratives that surround cannabis and seeks to empower the future leaders of our industry while creating an inclusive environment that is fueled by celebrating the intersection of cannabis with creativity, community, and collaboration. Employing a community-focused approach, JARS Cannabis is committed to providing the highest quality of products, with the widest variety of options, at prices people can afford, ensuring the integration of cannabis into any lifestyle is both easy and approachable

Position Summary

We are looking for an experienced Corporate Controller to undertake all aspects of financial

management, including corporate accounting, regulatory and financial reporting, analysis of financial data, as well as development of internal control policies and procedures.

The Corporate Controller will be responsible for a variety of duties and should be comfortable taking on additional responsibilities to support the team and round out individual skill sets. Candidates that enjoy working at a granular level and are eager to build and create process improvements, and not just duplicate existing practices, will find this position especially rewarding and succeed in our high-performance environment.

Key Responsibilities

• Managing all accounting functions including the supervision of the month-end and year-end close processes, maintaining the chart of accounts, preparing account reconciliations on a timely basis, ensuring accurate inventory and fixed asset tracking and maintaining orderly accounting file systems and records control

• Overseeing the activities of the corporate accounting department for the accurate and timely dissemination of financial management reports including, but not limited to, internal and external monthly financial statements and annual audits

• Creating and maintaining formal workflow documentation and escalation procedures to ensure operational controls are in place while maintaining streamlined processes and a proper segregation of duties

• Owning the daily cash management activities including disbursements, cash mobilization, capital investments and borrowings to optimize cash flow and efficiency; prepare cash flow reports that project cash needs at weekly and monthly intervals

• Managing the Treasury function and maintaining a strong working relationship with bank personnel

• Working closely with senior executives in the formulation of financial strategies for the

organization; monitoring ongoing performance against the objectives by identifying incipient

problems and initiating appropriate corrective action to keep the company on target

• Partnering with the Inventory, Distribution and Cultivation teams to maintain cycle counting and year-end physical inventory processes for company-owned inventory

• Developing management reports to drive cost improvements

• Providing guidance and assuming responsibility for the financial records of the company including financial reporting, financial planning and financial systems

• Managing and complying with local, state and federal government reporting requirements and tax filings

• Keeping up to date with accounting developments; researching and providing recommendations related to complex accounting issues

• Ensuring the selection, development, motivation and retention of the qualified financial

management staff to effectively carry out all functions and provide continuity of managerial and specialized skills.

• Establishing and maintaining overhead and labor rates used in standard costs; performing

inventory valuations, including calculating inventory reserves

• Managing the year-end external audit process and tax reporting functions; providing auditors with all supporting information requested and respond to questions on a timely basis

• Overseeing the accounting for property development and leases

• Partnering with insurance providers to ensure adequate coverage

Ideal Experience

• The Controller we are seeking will be a leader with considerable management experience. They will have a combination of control, cost accounting and operational financial background with exposure to strategic and business improvement analysis.

• Additionally, they will have a high-energy (but consensus-oriented), results-oriented and

collaborative style that will fit with the management team. The Controller will utilize these skills to enhance the overall top management team and will function as a business partner to the management team.

• A successful, broad-gauged accounting professional with proven experience reflecting progressive growth in financial leadership positions with dynamic well managed manufacturing companies known for their operational and financial excellence.

Critical Competencies for Success

• Financial Expertise and Management Savvy: The ideal candidate will have a successful track

record serving as a leader in a dynamic, fast-paced, financially disciplined, manufacturing company.

Expertise in the development and management of an unambiguous, seamless operating and financial reporting structure is critical. Proven ability to leverage operating knowledge and finance skill to effectively generate fresh thinking, new approaches and ultimately superior performance from the business is critical.

• Business Building and Strategic Planning Capability: A proven track record of using financial

analysis to generate growth and reduce costs is vital. The Controller must have a history of

challenging business assumptions, removing costs, driving innovation and raising performance

standards.

• Communication and Leadership Skills: The ideal candidate will bring a set of experiences as a leader in which impeccable communication skills, both written and verbal, will make a tangible difference in the organization's performance and reputation. This includes the ability to mentor, collaborate, coach and lead as the situation requires. An acknowledged reputation for intelligent, strong and decisive leadership within an organization as a result of high integrity, intellectual clarity and a passion for excellence are essential.

• A Proven Leader: One who can recruit and develop a top-notch team capable of supporting future growth. A leader experienced in driving change through disciplined goal setting, and measurement of results. A professional who understands playing the catalyst role in a productive way.

Other Personal Characteristics

• A resourceful, action-oriented individual who possesses a strong sense of urgency and who knows how to overcome obstacles to get thing done in a timely fashion

• Persuasive and self-confident, with the personality skills to interact effectively with their

colleagues, team members and senior management

• A high-impact, low-ego leader who thrives in a team setting, motivated by the advancement of the

organization, as well as representing a strong role model and mentor to their teammates

• A practical and direct individual whose ability to communicate complex ideas clearly, simply and convincingly can help to determine what impact the financial implications of operational and strategic decisions and events have upon the company

• Possesses high emotional intelligence - solves problems, coaches others and takes decisive action to rectify issues

Professional Qualifications

• Minimum of eight years of progressive accounting experience with time spent in a Controllership role in a manufacturing environment

• BA / BS in Accounting or Finance

• CPA or CMA required

• Deep and broad accounting rigor demonstrated through mastery of accounting theory and

application of technical, complex accounting treatments

• Sage and Power BI experience a plus

• Experience with preparing consolidating financial statements in accordance with GAAP

• Demonstrated knowledge of manufacturing accounting processes and procedures including prior work experience with standard costing methods

• Experience with general ledger functions and the month-end / year end close process

• Significant hands-on experience in Microsoft Excel

• Team-oriented, deadline-driven individual with strong interpersonal, organization and

communication skill