Treasury and Risk Manager - New York, NY

Job Posted
Nov 18, 2022
Employment Type
Time Commitment
Required Licenses
Company & Role Overview


At TerrAscend, we are on a mission to shape the future of the cannabis industry by creating leading marijuana-based therapies for patients and developing premium products for legalized adult recreational use. We are one of the largest and fastest growing multi-state, vertically integrated cannabis operators in North America. We're on a roll and are just getting started!

It's a Joint Effort

We believe that How We Work Together Matters. Our priority is to assemble a team that believes not just in what we do but how and why we do it. Our most successful team members know that being of service to our patients, our customers, and each other is what separates us from other organizations. Our continued success is dependent upon bringing together the brightest minds in business with best-in-class cultivation and elevated patient and customer experiences, so we continue to set the standard for the industry.

Sound like weed be a good fit?

Here's where you come in.

Our next Treasury and Risk Manager will play a critical role to support our treasury and risk programs across the enterprise. In this role you will be a hands-on manager who will support the business' growth and oversee treasury functions alongside leadership. You will also be a consistent liaison between external vendors and internal stakeholders.

One minute you will be leading the setup and rollout of our stock & equity platform.

The next minute evaluating banking structure of a newly acquired company.

And the next minute you will be working to negotiate an insurance renewal contract.

Regardless of the task, it's critical you have strong situational awareness and EQ as you'll work will be working with stakeholders, external vendors, and multiple internal departments within the organization.

Essential Functions:

Cash Management - 25%
  • Execute and continuously improve daily treasury operations including cash management, treasury systems and, processes and controls
  • Monitor and ensure compliance with policies, procedures, and SOX controls
  • Prepare consolidated weekly cash report
  • Evaluate banking structure and opportunities for process improvement

Financial Risk Management - 25%
  • Monitor covenant compliance and reporting deadlines including calculating required ratios and analyzing impacts of change due to strategic decisions made by Senior Leadership (i.e., financing decisions, acquisitions, etc.)

Stock & Equity Administration - 25%
  • Ensure that the Company's equity awards are properly administered and processed, including granting of awards, RSU vesting and options exercised
  • Help maintain the Company's equity administration databases, including updating information, running monthly/quarterly reports and other ad-hoc reports as necessary.
  • Oversee the relationship with the Company's third-party equity administration vendor
  • Track and ensure the accuracy of the Company's Capital table and Shareholder movements
  • Work closely with shareholders and the Company's transfer agent regarding equity-related requests such as share conversions, share issuances and warrant exercises
  • Prepare and facilitate execution of documents in connection with equity-related requests
  • Support the accurate and compliant accounting, taxation and reporting of employee stock based compensation and other equity grants
  • Assist with the monthly, quarterly, and annual share reconciliation between Accounting and the Company's transfer agent
  • Participate in special projects and/or ad-hoc requests as they arise, including process and procedural reviews and other enhancements

Insurance - 25%
  • The Manager will be a subject matter expert with experience in managing all aspects of the enterprise corporate insurance policy programs
  • Assist accounting team with billing, refunds, and annual budgeting of insurance premiums and claim settlements
  • Coordinate with brokers and internal businesses to obtain required underwriting data for placement or annual renewals of enterprise insurance policies
  • Partner with insurance brokers to review new contracts for related insurance compliance and accuracy, negotiate contractual insurance terms, and ensure contract compliance
  • Work closely with business units and departments, collaborating, building trust, and allowing for effective exchange of information necessary to deliver required support
  • Manage assigned insurance programs and various risk management projects as they arise
  • Assist with preparation of annual insurance budget, insurance schedules, and cash planning
  • Oversee all aspects related to issuance of certificates of insurance including connecting with business contacts to verify contractual insurance requirements and ensuring requirements are met
  • Facilitate claims management process with insurer and business units for settlement of complex claims, partner with brokers claim representative

Experience and Educational Requirements:
  • Bachelor's degree in Finance or relevant area
  • Minimum of 8 years' professional experience in a Treasury and/or Risk Management role
  • Minimum of 3 years' experience in managing global equity plans for a public company
  • Exposure to insurance/risk management for a public company.
  • Strong vendor management skills
  • Ability to maintain strict confidentiality

Minimum Skills, Knowledge and Ability Requirements:
  • Analytic problem solving
  • Strong written and verbal communication skills
  • Strong interpersonal skills
  • Quickly adaptable to support changing priorities
  • Effectively and professionally communicate and engage with project teams, SMEs, learners and other stakeholders.

The Salary range for this role is $120,000 - $160,000 not including annual bonus.

*** Background Check Requirement ***

As a condition of employment, a complete background investigation will be conducted based on the rules of the specific State in which the employee is hired. Typically, the state investigative process includes a state and federal background check.

EEO Statement

At TerrAscend, employees and applicants are evaluated based on their qualifications, skills, and ability to perform the duties and responsibilities of the position. TerrAscend is committed to assuring equal employment opportunities to all employees and applicants.

TerrAscend is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination based on race, color, religion, creed, gender, pregnancy or related medical conditions, age, national origin or ancestry, physical or mental disability, genetic information, sexual orientation, to include gay, lesbian, bisexual, transgender and gender identity, or any other consideration protected by federal, state or local laws. Our commitment to equal opportunity employment applies to all persons involved in our operations and prohibits unlawful discrimination by any employee, including supervisors and coworkers.


This job description is not an employment agreement or contract. Management has the exclusive right to alter this job description at any time without notice. The list of job responsibilities, skills, duties, requirements, and the like is not exhaustive, rather it is illustrative of the current essential functions required for the position.

This organization participates in E-Verify.

This employer participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. If E-Verify cannot confirm that you are authorized to work, this employer is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so you can begin to resolve the issue before the employer can take any action against you, including terminating your employment. Employers can only use E-Verify once you have accepted a job offer and completed the Form I-9. E-Verify Works for Everyone For more information on E-Verify, or if you believe that your employer has violated its E-Verify responsibilities, please contact DHS.

Esta Organización Participa en E-Verify.

Este empleador participa en E-Verify y proporcionará al gobierno federal la información de su Formulario I-9 para confirmar que usted está autorizado para trabajar en los EE.UU.. Si E-Verify no puede confirmar que usted está autorizado para trabajar, este empleador está requerido a darle instrucciones por escrito y una oportunidad de contactar al Departamento de Seguridad Nacional (DHS) o a la Administración del Seguro Social (SSA) para que pueda empezar a resolver el problema antes de que el empleador pueda tomar cualquier acción en su contra, incluyendo la terminación de su empleo. Los empleadores sólo pueden utilizar E-Verify una vez que usted haya aceptado una oferta de trabajo y completado el Formulario I-9. Para más información sobre E-Verify, o si usted cree que su empleador ha violado sus responsabilidades de E-Verify, por favor contacte a DHS.


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About TerrAscend

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