Cresco Labs

Director, Equity Compensation

Job Description

Posted on: 
May 12, 2022

2.1 __Quick Apply Full-time4 hours ago

Full Job Description

COMPANY OVERVIEW

Recently named one of Entrepreneur magazine's Top 100 Cannabis Leaders, Cresco Labs is one of the largest vertically-integrated multi-state cannabis operators in the United States. Cresco is built to become the most important company in the cannabis industry by combining the most strategic geographic footprint with one of the leading distribution platforms in North America. Employing a consumer-packaged goods ("CPG") approach to cannabis, Cresco's house of brands is designed to meet the needs of all consumer segments and includes some of the most recognized and trusted national brands including Cresco, Remedi and Mindy's, a line of edibles created by James Beard Award-winning chef Mindy Segal. Sunnyside*, Cresco's national dispensary brand is a wellness-focused retailer designed to build trust, education and convenience for both existing and new cannabis consumers. Recognizing that the cannabis industry is poised to become one of the leading job creators in the country, Cresco has launched the industry's first national comprehensive Social Equity and Educational Development (SEED) initiative designed to ensure that all members of society have the skills, knowledge and opportunity to work in and own businesses in the cannabis industry.

MISSION STATEMENT

At Cresco, we aim to lead the nation's cannabis industry with a focus on regulatory compliance, product consistency, and customer satisfaction. Our operations bring legitimacy to the cannabis industry by acting with the highest level of integrity, strictly adhering to regulations, and promoting the clinical efficacy of cannabis. As Cresco grows, we will operate with the same level of professionalism and precision in each new market we move in to.

JOB SUMMARY

Cresco is looking for a Director of Equity Compensation to join the Cresco Human Resources team. This role will be responsible for the company's employee equity programs. Cresco's employee equity program is a vital part of our compensation strategy and our core values as an organization.

CORE JOB DUTIES

Assist with the design and implementation of the company's employee equity compensation strategy

Partner with the Accounting and Legal teams to ensure the equity program operates within compliance and regulatory regimes in the United States and Canada

Lead vendor management for the company's employee equity administration platforms including the company employee equity management system

Lead the company employee equity communication strategy including employee education and answering day to day questions of Cresco's employees

Maintain the company's equity ledger and equity documentation for all share-based compensation and support the audit of these programs as needed.

Lead the share-based compensation tax administration in conjunction with Accounting, Payroll and the Human Resources function to ensure income is recognized and employees understand the tax implications of share-based compensation.

Responsible for approving equity actions including options exercises and restricted stock vesting within the company's policies and procedures.

REQUIRED EXPERIENCE, EDUCATION AND SKILLS

Bachelor's degree in business administration, economics, accounting, or related discipline

7 - 9 years in equity compensation experience

Able to clearly communicate equity topics and issues to wide audiences with various levels of understanding of equity compensation

Deep experience with stock options and restricted stock units and other equity administration such as employee stock purchase plans

Understanding of valuation methods, accounting, and tax ramifications of equity vehicles

Knowledge of Canadian and international currency impact on equity plans

COVID-19 REQUIREMENTS

Cresco Labs requires that all corporate employees be fully vaccinated against the COVID-19 virus on or before September 30, 2021. If you are offered and accept a position, you will be required to prove your vaccination status prior to when your employment begins. If you require a medical or religious accommodation with regard to vaccination, please let us know once you receive an offer of employment (if applicable).

BENEFITS

Cresco Labs is proud to offer eligible employees a robust offering of benefits including, major medical, dental and vision insurance, a 401(K)-match program, FSA/HSA programs, LTD/STD options, life insurance and AD&D. We also offer eligible employees paid holidays and paid time off. Other rewards may include annual discretionary bonuses, stock options as well as participation in our employee discount program. Benefits eligibility for permanent positions may vary by full-time or part-time roles, location, or position.

ADDITIONAL REQUIREMENTS

Must be 21 years of age or older to apply

Must comply with all legal or company regulations for working in the industry

Cresco Labs is an Equal Opportunity Employer and all applicants will be considered without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.

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