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Financial Operations Supervisor

2 months ago

Los Angeles, California, United States headquarters Full time
Position Overview

We are a prominent service provider dedicated to delivering exceptional support to businesses within the cannabis sector worldwide. Our team operates remotely, with key hubs in various locations, and we are currently looking for skilled professionals in Los Angeles to work in a hybrid model. Our focus is on innovation, teamwork, and providing our clients with unparalleled services to thrive in the evolving cannabis landscape.

Role Summary:
We are in search of a seasoned Accounts Receivable Manager with specialized knowledge in the cannabis industry to enhance our dynamic finance team. The ideal candidate will be based in Los Angeles and will work in a hybrid arrangement, balancing remote work with office presence. You will oversee the accounts receivable process, ensuring prompt payments, nurturing customer relationships, and optimizing cash flow management. Your expertise in the cannabis sector will be instrumental in refining operations, minimizing risks, and supporting our clients in this rapidly growing field.

Key Responsibilities:
  • Manage the complete accounts receivable (AR) process, ensuring precise and timely invoicing and collections.
  • Collaborate closely with clients in the cannabis industry to foster positive relationships and guarantee timely payment of outstanding invoices.
  • Review AR aging reports, identify overdue accounts, and initiate collection efforts while complying with industry regulations.
  • Devise and implement strategies to enhance AR processes, reduce Days Sales Outstanding (DSO), and improve cash flow management.
  • Work with the finance team to reconcile AR accounts, address discrepancies, and ensure accurate financial reporting.
  • Evaluate and monitor AR performance metrics, presenting findings to management with actionable insights.
  • Stay informed about cannabis industry regulations to ensure AR processes adhere to relevant laws and financial guidelines.
  • Assist in budgeting and forecasting related to accounts receivable.
  • Lead a small team of AR specialists, providing guidance, mentorship, and support as necessary.
Requirements:
  • Location Requirement: Candidates must be based in Los Angeles, USA, and available for hybrid work (office and remote).
  • Cannabis Industry Experience: Minimum of 3 years of experience in the cannabis industry focusing on accounts receivable or a related financial role.
  • Demonstrated experience in AR management, including invoicing, collections, reconciliation, and cash flow optimization.
  • Strong understanding of cannabis industry regulations, including taxation, compliance, and financial reporting requirements.
  • Excellent organizational, communication, and problem-solving skills.
  • Familiarity with accounting and financial software (e.g., QuickBooks, Xero, or similar platforms).
  • Adept at analyzing data, identifying trends, and making informed decisions to enhance AR performance.
  • Proven leadership skills and experience managing or mentoring a team.
  • Ability to thrive in a fully remote environment with exceptional time management and self-motivation.
Preferred Qualifications:
  • Experience with automated AR software and systems.
  • Knowledge of multi-state cannabis operations, including varying regulatory and financial environments.
  • Ability to collaborate across multiple time zones with global teams.
Benefits:
  • Hybrid work model offering flexibility and in-office collaboration.
  • Be part of a growing, innovative company at the forefront of the cannabis industry.
  • Work in a collaborative environment that encourages curiosity, persistence, and innovation.
  • Competitive salary and benefits package.
  • Opportunities for growth and advancement within a rapidly expanding sector.