OTC Manager

Vireo Health LLC

Minneapolis, MN

JOB DETAILS
SALARY
$75,000–$85,000 Per Year
SKILLS
Accounting, Accounts Receivable, Accounts Receivable Management, Automation, Bank Management, Cash Applications, Cash Management, Credit Risk, Credit and Collections, Customer Experience, ERP (Enterprise Resource Planning), Generally Accepted Accounting Principles (GAAP), Logistics, Loyalty Programs, Maintain Compliance, NAT (Network Address Translation), Nonprofit, Order to Cash, People Management, Process Improvement, Process Management, Reconciliation, Return Merchandise Authorization (RMA), Returns Processing, Revenue Accounting, Revenue Management, Revenue Recognition, Risk Analysis, Risk Management, Sales, Sustainability, System Operations, Team Lead/Manager, Team Player, Technical Accounting, Technical Leadership, Treasury Management
LOCATION
Minneapolis, MN
POSTED
30+ days ago

Who we are: \n \nAt Vireo Health, we're not just another cannabis company\u2014we're a movement. Founded by physicians and driven by innovation, we blend science, technology, and passion to create top-tier cannabis products and experiences. Our team of 500+ bold creators and trailblazers are shaping the future of the industry, and we want you to be part of it. \n \nWe take pride in being one of the most diverse and inclusive workplaces in cannabis, fostering a culture where everyone belongs. Through employee engagement, community events, and non-profit partnerships, we're building more than a business\u2014we're building a community. \n \nAs we rapidly expand nationwide, we're looking for talented, driven, and passionate people to join us. If you're ready to turn your passion into a career, let's grow the future together. \n \nWhat the role is about: \n \nThe Order to Cash Manager oversees the complete lifecycle of receivable operations, from credit risk assessment to final cash application. You will manage a small team responsible for high-volume reconciliations, including armored truck deposits and lockbox activity, while ensuring technical compliance with revenue recognition and CECL standards. This role reports to the Senior Accounting Manager and has 2-3 direct reports.\n \nWhat impact you'll make:\n\n Cash & Bank Management: Oversee bank reconciliations and specialized cash deposit reconciliations for armored truck services. Manage treasury functions including lockboxes and payment portals.\n A/R & Collections: Supervise payment application, manage the collections process, and monitor customer credit limits to mitigate risk.\n Revenue & Liability: Post revenues and manage accounting for loyalty program liabilities.\n Technical Accounting: Manage A/R allowance modeling and CECL (Current Expected Credit Losses) calculations.\n Credits & RMAs: Oversee the processing of Return Merchandise Authorizations (RMAs) and the issuance of customer credits.\n Process Improvement: Identify and implement automation or workflow enhancements to streamline the OTC cycle while maintaining day-to-day transaction accuracy.\n \nWhat you've accomplished:\n\n Experience: 5+ years in Accounts Receivable or OTC roles, with at least 2 years in a supervisory capacity.\n Technical Skills: Proficiency in treasury management systems, lockbox operations, and ERP payment modules.\n Knowledge: Strong understanding of GAAP, specifically revenue recognition and CECL requirements.\n Operational Skills: Experience managing armored truck cash logistics and RMA workflows.\n \nPreferred Skills\n\n Advanced Excel skills (modeling for allowances/liabilities).\n Proven track record of reducing DSO (Days Sales Outstanding).\n \nWhy Choose Vireo \n \nLife's too short to work somewhere that doesn't ignite your passion. The cannabis industry is fast-paced, innovative, and full of opportunity\u2014where science meets creativity, and wellness meets culture.\u202f \n \nAt Vireo Health, we're pioneering the future of cannabis with a team that's as dynamic as the industry itself. Here, you'll find a workplace that's collaborative, inclusive, and driven by HEART and purpose, where your work has a real impact on people's lives.\u202f \n \nWhether you're cultivating the highest-quality plants, crafting cutting-edge products, or shaping unforgettable customer experiences, you'll be part of something bigger. If you're looking for a career that's exciting, meaningful, and full of growth, let's build the future of cannabis together.\u202f \n \nA Growing Industry: Work at the leading tech company in the cannabis industry and help shape the future \n \nPassionate Culture: Join a team that truly cares about the plant, the people, and the purpose behind what we do \n \nEmployee Perks: Enjoy competitive pay and benefits, paid time off and employee discounts \n \nMaking an Impact: We're committed to education, sustainability, and giving back to the communities we serve. \n \nThe salary for this role is $75,000-85,000 annually depending on experience. Competitive PTO, health, dental, vision, life, and 401k insurance benefits offered. Our ideal candidate will be located in the Minnesota market. \n \nEEO Statement \u202f \n \nVireo Health, Inc. is\u202fan equal opportunity employer, and all qualified applicants will receive consideration for employment\u202fwithout regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. www.vireohealth.com\u202f \n\n

About the Company

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Vireo Health LLC