Senior Accounts Receivable Manager

Title: Senior Accounts Receivable Manager

Job type: Full time

Location: Remote, Based in California (supporting multi-state growth)

Reports To: Controller

Jetty Extracts is a premier cannabis extraction company that produces innovative products and world-class cannabis oils, headquartered in Oakland, CA. In 2013, Jetty Extracts began producing extracts and concentrates in San Diego, CA. Jetty is now one of the top extracts and concentrates brands in California. Starting with a few individuals committed to creating clean, refined cannabis concentrates by the beach, Jetty has evolved into a big family of passionate professionals committed to becoming one of the world’s most respected cannabis brands. While the last several years have seen Jetty grow exponentially, we continue to be committed to craft, working with small farmers, producing the cleanest and tastiest products, and contributing to our communities. As we do so, we continue to support the “Shelter Project”, the company’s in-house compassion program that has been providing free cannabis oil to cancer patients since 2014.

We feel strongly that our employees do their best work when they don’t need to worry as much about some of life's biggest stressors. We pay our employees a living wage and support them with benefits such as generous PTO, parental leave with day-one eligibility, health/dental/vision insurance, and a 401k match. 

Check out our website! Jettyextracts.com

The Role:

Jetty Extracts is seeking a Senior AR Manager to support our out-of-state growth. The Senior Accounts Receivable Manager will develop and implement a robust accounts receivable framework, ensuring accurate and efficient payment receipt and meticulous transaction recording within the company's financial systems. The manager will maintain constant communication with customers to resolve payment issues, collaborate with the sales team to establish terms, and generate and publish aging reports, expected cash collections, DSO, and delinquency rates.

In addition to core receivables operations, the manager will establish stringent reporting protocols and maintain communication channels across the organization, acting as a crucial link between customers, the sales department, and executive leadership. This role will ensure clear financial controls and guidelines, promoting transparency and data-driven decision-making.

This position is essential for maintaining the company’s financial health and regulatory compliance. The manager must stay updated on industry regulations, particularly in the cannabis sector, and continuously enhance receivable processes. Their strategic oversight and proactive management of compliance, financial accuracy, and interdepartmental communication will support the company's financial stability and growth in a dynamic market.

Key Responsibilities:

• Manage Receivables Process: Oversee the entire accounts receivable process, from invoicing to payment collection.
• Payment Processing: Process incoming payments and manage customer account reconciliations.
• Aging Report Management: Prepare and review accounts receivable aging reports to monitor outstanding balances and identify delinquent accounts.
• Collections: Implement and manage collection strategies to ensure timely receipt of payments and reduce bad debt.
• Customer Relations: Maintain strong relationships with customers, addressing billing issues, payment inquiries, and other receivable-related concerns.
• Compliance: Ensure all accounts receivable activities comply with federal, state, and local cannabis regulations.
• Reporting: Prepare monthly, quarterly, and annual financial reports related to accounts receivable.
• Internal Controls: Develop and maintain internal controls to safeguard company assets and ensure the integrity of financial records.
• Team Leadership: Mentor the sales team, providing guidance and support to achieve departmental goals.
• Audit Coordination: Work with internal and external auditors to provide necessary documentation and support during audits.
• Technology Utilization: Utilize accounting software and ERP systems to manage receivables efficiently.
• Cross Functional Partnership: Communicate weekly with the sales team regarding account statuses, holds, and other important information.

Qualifications:

• Education: Bachelor’s degree in Accounting, Finance, Business Administration, or related field.
• Experience: Minimum of 10 years of experience in accounts receivable management, with at least 3 years in a managerial role. Experience in the cannabis industry is highly preferred.
• Knowledge: Strong understanding of accounting principles and practices, particularly related to accounts receivable. Familiarity with cannabis industry regulations and compliance requirements.
• Skills:
• Microsoft Office Suite.
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Ability to work in a fast-paced, regulated environment.
• Detail-oriented with strong organizational skills.
• Leadership and team management abilities.

Desired Attributes:

• Regulatory Knowledge: In-depth understanding of cannabis industry regulations and compliance standards.
• Proactive: Ability to anticipate issues and take proactive steps to address them.
• Integrity: High level of integrity and ethical standards.
• Adaptability: Ability to adapt to changes in the regulatory environment and industry practices.



Jetty is committed to providing reasonable support (called accommodations) in our recruiting processes for candidates with disabilities, long term conditions, mental health conditions, sincerely held religious beliefs, or who are neurodivergent or require pregnancy-related support. If you need support, please reach out to people@jettyextracts.com