Senior Cost Accounting & FP&A Manager

POSITION SUMMARY

This role will have direct management and oversight of inventory and costing systems for Florida, Massachusetts and Texas and will play a key role in the growth of the company by analyzing business financial performance, generating monthly and ad hoc reporting, maintaining pro forma models used for company operations, pricing, M&A activities, and other ad hoc activities. You will report to the Director, Corporate Accounting but will work closely with the Director, FP&A and other leadership positions across the company.

CORE JOB RESPONSIBILITIES

• Oversee all aspects of accounting related to inventory and production processes for cultivation, extraction, processing and manufacturing

• Develop and maintain effective and efficient month-end close procedures related to the inventory and cost accounting processes

• Develop and maintain effective and efficient month-end close procedures related to the inventory and cost accounting processes

• Ensure cultivation and manufacturing policy and procedures are in accordance with US GAAP and internal control requirements

• Provide analysis of new product launches, department costing, and cost allocations as required

• Develop and maintain a BOM review process, update significant costing changes related to raw materials

• Support Director, FP&A on development of benchmarks for the measurement of company financial performance goals, scorecards for cultivation and processing performance, and forecasts

• Assist in preparation of the annual budget, rolling budget, and forecasts

• Ability to combine multiple data sources to build custom analyses and proactively track product trends

• Work closely with other departments to develop and improve costing infrastructure

• Spearhead development and transition to standard costing model

• Ensure the accuracy of the organization's financial results and reports

• Account for any budget variances and report significant discrepancies to management

• Drive cycle counting, periodic physical inventory internal audits

• Oversee year-end inventory counts performed by external auditors

• Work directly with external auditors to provide necessary costing information in support of annual audits

• Assist in analysis of capital investments, contract negotiations, and pricing decisions where necessary

• Assist monthly financial analysis and reporting of results, including variance analysis vs budget/forecast and prior year. Ensure timely completion of analysis and reporting on the Company’s financial results

• Contribute to the organization’s annual budgeting process, as well as the interim forecasting process

• Produce financial reports regarding trends, variances, and profitability and performance measurement

• Manage the preparation of financial materials for executive leadership team

• Key understanding of Finances’ role in supporting the business and ability to work with all levels within the organization

• Ensure timely completion of analysis and reporting on the Company’s financial results for Board and other internal and external stakeholders.

JOB SKILLS AND REQUIREMENTS

• Bachelor's degree in accounting.

• Certified Public Accountant or Certified Management Accountant designation

• At least 5-10 years of hands-on operational accounting experience. Controller or equivalent experience highly desirable.

• Strong understanding of GAAP.

• Experienced in a dynamic role with a high level of written and oral communication skills.

• Analytically and communicatively

• Focuses simultaneously on short- and long-term goals and ability to identify problems quickly.

• Strong organizational skills and ability to prioritize workload to meet tight deadlines in a fast-paced, changing, and challenging environment.

• Strong financial modeling and business analysis

• Proficient in Microsoft Office.

• Team player and can collaborate with other teams in the organization.

• Ability to identify the key drivers and factors to uncover risks and opportunities

• Strong Excel skills required

PARALLEL IS UNITED BY OUR VISION, MISSION, & VALUES

Our Vision - why we exist - is to pioneer well-being and improve the quality of life for humanity through the benefits of cannabinoids.

Our Mission - how we will do this - is to build a leading, global well-being company through the best talent, our values, trusted and recognized brands, science and technology-based innovation, and a relentless focus on execution and continuous improvement.

CORE VALUES OF A PARALLEL ASSOCIATE

INTEGRITY - We operate in a regulated and unchartered industry. Act and make decisions that stand up to scrutiny and reflect our position as a sophisticated, credible and respected leader. Be honest, trustworthy, dependable, and honorable. Demonstrate sound moral and ethical ways of interacting.

COLLABORATION - We are a collection of the best talent at all levels. Learn and grow from this diversity: welcome healthy debate and proactively seek other perspectives and points of view to find the best solution while not resting on consensus. Proactively ensure the right people have the right information at the right time. Work as a team vs. an individual performer.

AGILITY - We are growing incredibly fast in a new industry. Be open to change, be ready to pivot on the moment's notice, and act with a sense of urgency to take advantage of opportunities. Then be ready to do it again. Quickly - and calmly -respond and adapt to the unexpected. Modify and streamline processes, find more efficient ways of doing your job. Work efficiently across markets, time zones, and functions.

INTENTIONALITY - Intentionality requires action -it makes your intentions happen. Good thoughts are meaningless without action. It is initiative directed by the purpose to move our business forward. Intentionality is doing things important to you, even when not easy. Transformational change happens with intentionally.

ALIGNMENT - Together, we must understand and believe in our vision, mission, business and team goals and priorities. When we make a decision, even when we don't have consensus we all align behind that decision and execute. We don't revisit decisions unless we have material new data or circumstances.

ACCOUNTABILITY - Make the best proactive and reactive decisions given the available information and the wisest counsel. • Own your decisions, actions and outcomes, and promptly correct mistakes. • Be reliable, honor commitments and do not finger point, off-load responsibilities, or criticize co-workers. Look after co-workers and team's success.

Parallel reserves the right to change or assign other duties to this job description. Your employment with Parallel is a

voluntary one and is subject to termination by you or Parallel at will, with or without cause, and with or without notice,

at any time. Nothing in this document shall be interpreted to be in conflict with or to eliminate or modify in any way the employment-at-will status of Parallel associates.

We are an Equal Opportunity Employer. We embrace and encourage our employees’ differences in age, color, disability, ethnicity, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion, sexual orientation, socioeconomic status, veteran status, and other characteristics that make our employees unique.