What are the responsibilities and job description for the Senior Tax Accountant position at Jars Cannabis?
JARS CANNABIS - Troy, Michigan
Senior Tax Accountant
Ready to elevate your career path to a new all-time high?
JARS Cannabis is more than just your average cannabis brand and retailer. We are a culturally inspired organization on a mission to rewrite the existing narratives that surround cannabis, one community at a time. We seek to empower the future leaders of our industry while creating an inclusive workplace environment that is fueled by celebrating the intersection of cannabis with creativity, community, and collaboration.
Implementing a progressive approach, we aim to provide only the highest quality of product and service to our customers and the communities that we are fortunate to inhabit. Striving to set a new standard of professional excellence in cannabis retail, our highly motivated team is comprised of knowledgeable experts who are committed to making the integration of cannabis into any lifestyle both easy and accessible.
Does this spark your interest? If so, we'd love to hear from you!
What we are looking for: The Senior Tax Accountant will prepare and maintain financial records to track the organization's tax liabilities, assets, liabilities, profit and loss, and other related financial activities with a focus on cannabis taxation and 280E compliance.
Duties/Responsibilities:
• Preparing and reviewing federal, state, and local tax returns for cannabis businesses.
- Advising clients on 280E tax strategies and cost accounting methods to maximize deductions.
- Maintaining financial reports, records, and general ledger accounts with an emphasis on taxation.
- Preparing journal entries, analysis, and account reconciliations and assisting with month-end close processes.
- Contributing to the development and review of annual tax planning strategies and compliance requirements.
- Maintaining documentation for accounts payable, purchasing, and treasury and conducting internal audits.
- Performing monthly balance sheet reconciliations.
- Ensuring books are audit-ready, including reviewing transactions, third-party accounts, and intercompany transactions.
- Compiling cash reports and assisting the corporate controller with cash forecasting and tax planning.
- Responding to tax-related information requests, reviewing financial statements, and assisting with audits.
- Ensuring compliance with GAAP and IRS Section 280E and participating in external audits when needed.
- Assisting the controller as needed.
Required Skills:
• Bachelor's degree in accounting or finance required, CPA preferred.
- 4 years of accounting experience, with at least 2 years focused on cannabis taxation.
- Advanced user of MS Office suite, particularly Excel.
- Excellent communication skills, both written and verbal.
- Strong numeracy and analytical skills.
- Good problem-solving and time management skills.
- Highly organized and detail-oriented.
- Experience with cannabis-specific accounting regulations and compliance.
Salary : $80,000 - $90,000
