September 26, 2022Chief Financial OfficerLos Angeles, CA

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Our client, a publicly traded company in the Cannabis Industry, is seeking a Chief Financial Officer to join their rapidly growing company in the Los Angeles area.

The CFO will be responsible for developing and executing the financial statements, accounting policies and process controls so that the company can meet their financial growth goals.

This individual will be working closely with the CEO and the other members of the Executive Management team to ensure that the financials are up to date and accurate for decision making and reporting.

The CFO must be detail oriented, efficient, with an understanding of GAAP. The ability to troubleshoot, manage relationships, and create systems is critical to this role.

Job Duties and Responsibilities:

  • Assume full responsibility for managing the company’s financial functions, including overseeing the remote accounting team and producing timely and accurate financial reports to the executive management team.
  • Represent the company and future financial performance to financial partners, including financial institutions, investors, auditors, public officials, etc.
  • Develop and lead financial strategy, goals, and objects for fast growing business lines.
  • Oversee long-term budgetary planning and cost management.
  • Participate in key decisions pertaining to strategic initiatives, operating model, and operational execution.
  • Prepare and maintain regular financial planning reports; Monthly profit and loss forecast by decision vs. budget; weekly cash flow forecast.
  • GAAP compliant financial statements
  • Assist in establishing yearly objectives and meeting agendas, and selecting and engaging outside consultants (accounting team, auditors, investment advisors)
  • Engage with the Executive management team in finance, audit, and investment committees around issues, trends, and changes in the operating model(s) and operational delivery.
  • Oversee cash flow planning and ensure availability of funds as needed. Manage cash flow providing short- and long-term cash flow planning.
  • Oversee cash, investment, treasury, and asset management effectively.
  • Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization's operations and business plans.
  • Implement and maintain appropriate internal controls and financial procedures
  • Manage investor relations
  • Ensure legal and regulatory compliance regarding all financial functions
  • Oversee preparation of month-end, quarter-end, and year-end financial statements
  • Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations and corporate/overhead cost allocation
  • Enhance and implement financial and accounting systems, processes, tools, and control systems
  • Serve as final point of escalation for Accounts Receivable/Accounts Payable issues
  • Develop and manage accounting staff as needed – locally or remote

Requirements:

  • Bachelor’s degree in Accounting or Finance required
  • CPA required, MBA a plus
  • 10+ years Senior Financial Leadership experience
  • Comfortable working with and presenting to Board of Directors
  • Experience in both traditional Retail and/or Agriculture a plus
  • Experience with multiple entities
  • Public and Private Accounting experience a must
  • Excellent written and oral communication skills
  • M&A, IPO experience is desired.
  • Demonstrated leadership ability, team management, and interpersonal skills.

Compensation:  Based on Experience plus Benefits and Equity Participation

If this sounds like the position you have been waiting for, please apply using the online application or the link below – all inquiries are strictly confidential. Our focus is to assist you to make your best next career move, and we will not use your information for any other purpose.

CannabizTeam is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status. TEAM400

www.cannabizteam.com

 

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