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Van Nuys, CA

Order: 65968

Our client, a leading Accredited Testing Lab in the Cannabis industry, is seeking a Controller to join their rapidly growing company in the Los Angeles area.


The Controller will oversee all accounting operations, including the design of an organizational structure, as well as the hiring and supervising the accounting staff.


The controller will be responsible for the production of periodic financial reports, maintenance of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company's reported financial results, and ensure that reported results comply with generally accepted accounting principles (GAAP).


Responsibilities and Job Description


This hands-on controller will oversee the operations of the accounting department in a cannabis business, especially their control systems, transaction-processing operations, and policies and procedures.


Prepare and present investor reports to the board of directors and investment partners.

Prepare reports for the various regulatory agencies as required by law.

Ensure accounts payable and accounts receivable are processed in a timely manner.

Ensure bank reconciliations are completed.

Maintain the chart of accounts.

Maintain a system of controls over accounting transactions.

Issue timely and complete financial statements.

Coordinate the preparation of quarterly Board presentations.

Recommend benchmarks against which to measure the performance of company operations - KPI’s.

Calculate and issue financial and operating metrics, manage the production of the annual budget and forecasts.

Calculate variances from the budget and report significant issues to management.

Provide for a system of management cost reports and financial analysis as needed, in particular for capital investments, pricing decisions, and contract negotiations.

Maintain a documented system of accounting policies and procedures.

Coordinate the provision of information to external accountants for tax preparation.

Comply with local, state, and federal government reporting requirements and tax filings.

Weekly reviews for all local divisions, and may assist with processing payroll.


Minimum Qualifications and Requirements


Certified Public Accountant (CPA) w/audit experience is highly desirable but not required.

7-9 years of progressively responsible supervisory-level accounting experience

Knowledge of IRS Tax Code 280 E highly preferred

Bachelor's Degree in Accounting or Business Administration, or equivalent business experience required

Advanced proficiency in Excel

Experience leading a small Accounting Team

Must be comfortable working in a highly regulated industry

Previous accounting experience in the cannabis industry a plus


NOTE: Candidates that are offered a position are required to pass pre-employment drug and background screening. Qualified candidates with criminal histories, are considered in a manner that is consistent with local, state and federal laws.