Financial Compliance Analyst/Auditor

Virginia Information Technologies Agency•Henrico, Virginia, VA

20h•$73,142 - $84,114

About The Position

The Financial Compliance Analyst/Auditor supports financial compliance and regulatory oversight of cannabis businesses. The role interprets and applies state cannabis regulations, financial requirements, and industry-specific compliance mandates; monitors license conditions, regulatory reporting, and internal financial policies; conducts compliance reviews; and assesses alignment with approved accounting standards and cannabis industry audit principles. The position plans and performs internal, regulatory, desk, and onsite audits. It evaluates financial controls, cash management, seed-to-sale records, financial statements, point-of-sale data, inventory records, ledgers, and supporting documentation. The analyst identifies risks, anomalies, diversion risks, and potential fraud indicators, prepares audit findings and recommendations, communicates requirements to operators and stakeholders, and tracks corrective actions. The role also maintains audit-ready records and regulatory documentation; supports reporting to state agencies and oversight bodies; and uses financial systems, cannabis tracking systems such as METRC, audit software, spreadsheets, dashboards, and reporting tools. It includes maintaining data integrity and confidentiality, facilitating training, building collaborative stakeholder relationships, and performing other assigned duties. The employee must follow workplace safety standards, report unsafe conditions and work-related incidents to a supervisor, and participate in accident investigations when requested.

Requirements

Knowledge of accounting principles, financial auditing, and internal controls.
Knowledge of state cannabis regulations, compliance standards, and regulatory frameworks.
Knowledge of risks and operational structures unique to cannabis businesses, including cultivation, processing, and retail.
Knowledge of fraud detection techniques and audit methodologies.
Knowledge of financial reporting frameworks such as GAAP or industry-specific standards.
Strong analytical and quantitative skills.
Proficiency with spreadsheets, financial systems, and cannabis compliance systems.
Clear, concise written and verbal communication skills.
Skill in report writing, documentation, and presentations.
Ability to evaluate complex financial and operational data and identify discrepancies.
Ability to interpret and apply cannabis regulatory requirements and policy guidelines.
Ability to manage multiple audits, deadlines, and competing priorities.
Ability to work independently and collaborate effectively with regulatory teams.
Ability to maintain confidentiality and exercise sound professional judgment.
Bachelor’s degree in Accounting, Finance, Business Administration, Public Administration, or a related field.
2–5 years of experience in auditing, financial analysis, compliance, or related oversight roles.
Experience conducting internal audits or compliance reviews.
Experience analyzing financial statements, ledgers, and supporting documentation.
Experience working with financial systems, audit tools, or data analysis platforms.

Nice To Haves

Professional certification such as CPA, CIA, CFE, CGAP, or similar.
Experience in cannabis industry compliance, regulatory auditing, or government oversight.
Familiarity with seed-to-sale systems such as METRC and enterprise financial systems such as Oracle, SAP, or Workday.
Experience developing or strengthening internal control frameworks.

Responsibilities

Interpret and apply state cannabis regulations, financial requirements, and industry-specific compliance mandates.
Monitor license conditions, regulatory reporting requirements, and internal financial policies.
Conduct compliance reviews of cannabis businesses to identify gaps, risks, or potential violations.
Ensure financial practices align with state-approved accounting standards and cannabis industry audit principles.
Perform internal audits, regulatory compliance audits, desk reviews, and onsite field audits of cannabis operators.
Develop audit plans, sampling strategies, and testing procedures tailored to cannabis business models.
Evaluate financial controls, cash management processes, seed-to-sale documentation, and supporting financial records.
Prepare written audit findings, compliance determinations, and recommendations for corrective action.
Analyze financial statements, POS system data, inventory records, ledgers, and supporting documentation.
Identify trends, anomalies, diversion risks, and potential fraud indicators specific to cannabis operations.
Assess financial and operational risk and recommend mitigation strategies for regulatory compliance.
Support continuous monitoring of financial performance, taxation compliance, and key cannabis compliance metrics.
Communicate audit results to cannabis business operators, leadership, and regulatory staff.
Provide guidance on financial compliance requirements and corrective action expectations.
Facilitate training on cannabis financial policies, internal controls, documentation standards, and best practices.
Build collaborative relationships with regulatory partners, auditors, and cannabis industry stakeholders.
Maintain accurate, organized, audit-ready records for each cannabis business audited.
Prepare detailed audit reports, compliance summaries, and regulatory documentation.
Track corrective action plans and verify their implementation by cannabis operators.
Support reporting requirements for state regulatory agencies or oversight bodies.
Use financial systems, cannabis tracking systems such as METRC, and audit software.
Extract, analyze, and validate financial and operational data from multiple platforms.
Maintain secure digital files and ensure data integrity and confidentiality.
Use spreadsheets, dashboards, and reporting tools to present findings.
Follow workplace safety regulations and applicable standards, processes, and programs.
Report unsafe work conditions and work-related incidents to a supervisor, and participate in accident investigations when requested.
Perform other duties as assigned.