COMPANY OVERVIEW

Recently named one of Entrepreneur magazine’s Top 100 Cannabis Leaders, Cresco Labs is one of the largest vertically-integrated multi-state cannabis operators in the United States. Cresco is built to become the most important company in the cannabis industry by combining the most strategic geographic footprint with one of the leading distribution platforms in North America. Employing a consumer-packaged goods (“CPG”) approach to cannabis, Cresco’s house of brands is designed to meet the needs of all consumer segments and includes some of the most recognized and trusted national brands including Cresco, Remedi and Mindy’s, a line of edibles created by James Beard Award-winning chef Mindy Segal. Sunnyside*, Cresco’s national dispensary brand is a wellness-focused retailer designed to build trust, education and convenience for both existing and new cannabis consumers. Recognizing that the cannabis industry is poised to become one of the leading job creators in the country, Cresco has launched the industry’s first national comprehensive Social Equity and Educational Development (SEED) initiative designed to ensure that all members of society have the skills, knowledge and opportunity to work in and own businesses in the cannabis industry. 

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 Corporate Tax Manager. The Corporate Tax Manager will report to the Corporate Tax Director and has responsibility for income tax related matters. This includes review of tax provision calculations and disclosures for quarterly and annual public filing requirements. In addition, this position is responsible for reviewing federal and state income tax returns, preparing tax forecasts, participating in the tax integration of new businesses and acquisitions, as well as assisting with special projects as needed. The position interacts with external and internal financial statement auditors, external investors, and C-Suite level personnel. Our ideal candidate must be a self-starter who is highly organized with great attention to detail.

CORE JOB DUTIES

  • Review the quarterly and annual tax provision under both IFRS and GAAP principles
    • Manage the current and deferred income tax reporting process, including tax account balance reconciliations, tax basis balance sheet adjustments, valuation allowance analyses, and deferred tax asset/liability rollforwards
    • Review global uncertain tax positions, while working in conjunction with advisors on legal and regulatory changes
    • Review quarterly tax accounting journal entries
    • Work closely with the corporate accounting team to ensure proper tax reporting under both IFRS and GAAP principles
    • Interface directly with the external audit firm
  • Review and prepare schedules used in monthly, quarterly, and annual reporting for both internal and external reporting purposes
  • Mentor and manage fellow tax department members
  • Tax compliance preparation, research, and planning
    • Review annual US federal, state and local, and foreign income tax return filings. This includes federal Forms 1120, 1065, 5471, 5472, and related state income tax forms
    • Review and prepare workpapers, schedules, calculations and other items related to federal tax return filings, estimated tax payments, extension payments, and tax sharing agreements
    • Manage the tax audit and notice processes with the IRS and relevant state and local taxing jurisdictions
    • Work closely with Treasury and Financial Planning & Analysis groups on tax forecasting
    • Assist with research on various complex tax issues to determine the appropriate tax treatment and related tax reporting
    • Research includes preparing written memorandums for review by the Corporate Tax Director
    • Prepare external facing reports for investors and partners  
    • Assist with and research indirect tax filing requirements as needed
  • Processes and controls
    • Assist in the implementation of tax technology initiatives, including tax provision and compliance preparation software. OneSource experience preferred
    • Build and maintain tax internal controls
    • Assist with tax integration of new businesses and acquisitions
    • Help drive the continuous improvement of processes and procedures as the company expands in both new and established markets
    • Assist with special projects, including acquisition due diligence, post-acquisition integration, legal entity restructuring and rationalization
    • Work cross functionally with company departments and external partners

REQUIRED EXPERIENCE, EDUCATION AND SKILLS

  • Bachelor’s Degree in accounting or business degree with accounting concentration
  • Advanced Degree preferred: MST, MAcc or LLM
  • CPA required  
  • 6+ years accounting experience (public accounting or relevant corporate tax experience required) including at least:
    • 5+ years of federal and state corporate and partnership income tax compliance experience; and
    • 5+ years of tax provision experience (ASC 740/IAS 12)
  • Experience in complex global manufacturing organization preferred
  • Ability to research highly complex tax issues, work within a team environment to resolve such issues, and communicate results in a clear/timely manner
  • Strong interpersonal skills and consistent follow through on assigned tasks
  • Experience with financial accounting systems (Intacct and SAP helpful)
  • Advanced proficiency in MS Excel and MS Office required  
  • Enjoys working in a start-up, fast-paced environment
  • Ability to work independently in a highly organized manner

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 

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.

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