Financial Controller

Natrabis
Orion, MI Full Time
POSTED ON 7/16/2023 CLOSED ON 7/31/2023

What are the responsibilities and job description for the Financial Controller position at Natrabis?

Natrabis Controller

JOB SUMMARY

We are looking for a Financial Controller who will report to Ownership to oversee both operational and financial analysis on the operations of the Cultivation, Processing, & Distribution businesses. Timely compilation of reporting and analysis to assist business leaders in making informed decisions. Provide appropriate financial management and operations with financial information and strategic support, including budgeting and forecasting for the Lake Orion MI and future dispensaries.

Required Qualifications

  • College diploma or University Accounting degree (CA, CMA or CPA designation preferred)
  • A minimum of 5 years of hands-on experience in a decentralized manufacturing environment with complete responsibility for the finance function; cannabis experience is preferred & startup background desired
  • Managed a team of at least three direct reports with proven leadership and problem-solving skills
  • An independent critical thinker who displays attention to detail
  • Excellent organizational, interpersonal and time management skills with the ability to multi-task
  • Advanced knowledge of Microsoft applications (Teams) and Quickbooks.

CRITICAL SUCCESS FACTORS

  • Demonstrates focus and drive to achieve targets, budgets and results using an assertive style within a collaborative forum for a fast-paced startup cannabis company.
  • Desire and ability to learn about the business and understand the production process by attending and participating in production meetings and regularly walking through the production floor to develop the necessary link between the production processes and the financial statements.
  • Educate and train departmental managers of the financial impact of their decisions and hold them accountable to a predetermined budget.
  • Clearly communicate weekly, monthly, quarterly and annual financial results to ownership including explanations of variances of actual compared to weekly forecast and budget.
  • Effectively manage and take complete ownership and control of the finance department with respect to month-end reporting.
  • Proven self-starter who requires limited supervision and direction yet achieves tasks and overcomes problems and provides effective direction and development for staff.
  • Adopts an active approach and a perpetual willingness to get personally involved to increase the pace and efficiency and achieve departmental, plant and Company goals and objectives.
  • Consistently thinking beyond the borders of finance to help create a culture of continuous improvement.
  • Embraces the challenge of problem solving and identifying and implementing well thought through practical solutions.

DUTIES & RESPONSIBILITIES *

  • Demonstrates a commitment to communicating, improving, and adhering to safety policies in all work environments and areas.
  • Responsible for the review of the monthly reconciliation binder prepared by subordinates that provides support for all balance sheet accounts.
  • Comply with Corporate reporting requirements on weekly, monthly, quarterly and annual basis ensuring compliance with Natrabis accounting policies and procedures.
  • Create a system whereby an accurate weekly forecast can be prepared and submitted to Corporate each week. On a weekly basis, prepare and review the plants weekly forecast and communicate any changes from the previous weeks forecast to the general manager and Corporate. On a monthly basis, explain the differences between the actual results and the previous weeks forecast, and the previous months actual results.
  • Review and approve standard and non-standard journal entries each month.
  • Proactively provide continuous improvement ideas relating to both financial and production processes.
  • Prepare the annual budget for the plant by leading the entire budget process at the plant by requesting various departmental head involvement in the process of the development of manpower and controllable material budgets so they are held accountable for any variances from budget each month. Work closely with the VP to ensure that all budgeted changes and cost saving initiatives and new or lost business awards are correctly captured in the budget.
  • Work closely with all departmental heads to identify any inefficiencies in processes and potential cost saving initiatives including freight costs savings, outsourced production parts savings, improvements in inventory management, reduced scrap, shrinkage, & develop and lead projects to ensure timely realization of the identified costs savings.
  • Manage the local annual external audit by completing the Corporate (prep. for MSO) audit kit with all the required supporting reconciliations and documentation, ensuring that no audit adjustments are identified during the audit.
  • Provide all the necessary information to the internal audit department during their audit and immediately address any concerns that are identified. (partner with METRC managers & team)
  • Thoroughly understand all capital spending projects prior to submitting to ownership for review and approval, including payback calculations. Collect and review all information required for capital requests, ensuring all local approval has been received.
  • Lead the physical inventory counts and inventory valuation.
  • Provide support and contribute to the quality and environmental requirements and regulations as well as the implementation and maintenance of Natrabis Cultivation Excellence at the plant.
  • Natrabis is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Job Type: Full-time

Pay: $65,000.00 - $80,000.00 per year

Benefits:

  • Dental insurance
  • Health insurance
  • Vision insurance

Experience level:

  • 5 years

Physical setting:

  • Office

Schedule:

  • Monday to Friday

Work Location: In person

Salary : $65,000 - $80,000

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