Director, Finance – Shared Services

Key Responsibilities

Leadership and Team Management

• Lead, mentor, and develop the accounts receivable and accounts payable teams, fostering a high-performance culture that emphasizes accuracy, efficiency, and customer service
• Set clear goals for AR/AP teams, implement standard operating procedures, monitor performance, and implement training to enhance team capabilities
• Instill a mindset of Continuous Improvement, promoting change that supports Verano initiatives and vision
• Design and report on KPI metrics to manage functions, identify opportunities, and enhance visibility for business strategies
• Manage daily operations of AR/AP departments, ensuring timely processing of invoices, payments, and receipts
• Monitoring of accounts payable and accounts receivable aging reports for accuracy, analyze queues are being managed effectively and efficiently
• Establish documented policies and procedures, and enforce adherence
• Collaborate cross-functionally with key internal and external stakeholders
• Design and implement process improvements, including standardization, and automation opportunities of existing processes and systems
• Manage master data elements for vendors and customers including business partners, payment terms, banking information, and credit lines
• Oversee monthly close process, reporting deliverables, and associated balance sheet reconciliations
• Delivery weekly reporting requirements
• Adhere to SOX compliance and control activities including user provisioning, UAT, SIT, and change reviews
• Perform other duties as assigned by management

Accounts Payable (AP)

• Oversee the full AP cycle, ensuring the accurate and timely processing of vendor invoices, payments, and related accounting activities
• Management of the invoice process including PO matching, invoice coding, business approval, monitor rejections, urgent requests, and failed exports
• Manage the team to execute new vendor setup, vendor terms, and mailbox management
• Portfolio oversight
• Payment processing, accurate aging, adherence to weekly payment runs, ACH returns, voided checks, and exception handling
• Establish processes for recurring payments
• Develop and implement strategies for direct debits
• Manage compliance and process of 1099 returns

Accounts Receivable (AR)

• Oversee the full AR cycle, including invoicing, collections, customer exposure, and cash application
• Manage the billing process from order completion to invoice delivery
• Manage the Company’s various AR portfolios in accordance with the appropriate strategy
• Streamline AR process through automation and process improvement
• Manage and establish team goals related to collections

Qualification & Requirements

• Bachelor’s or equivalent degree in accounting or finance required.
• 10+ year(s) of direct financial and/or accounting experience required.
• 5+ year(s) experience in a shared services/management position with direct reports.
• Microsoft Office, specifically in Microsoft Word and Excel, experience required.
• Knowledge of U.S. GAAP rules and regulations required.
• Must have ability to research and propose company positions on complex accounting issues.
• Must be able to execute and follow through to completion and documentation.
• This is an onsite role located at Verano HQ (224 W. Hill St, Chicago IL).
• Verano requires applicants to have permanent United States work authorization (U.S. citizen or Permanent Resident)

Benefits

No information available.