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CFO - Cannabis

CannabizTeam - Palo Alto, CA

Our client, a premium manufacturer, distributor and leading product innovator in the cannabis industry, is seeking a Chief Operating Officer to lead the finance efforts for the California market.

The CFO will be part of the company’s leadership structure and a business partner to the CEO, developing and assessing the organizational performance against both the annual budget and the Company’s long-term strategy.

This position requires a highly experienced financial professional with a history of leading top performing companies in related industries, able to develop tools and systems to provide critical financial and operational information to the CEO and make actionable recommendations on both strategy and operations.

Job Duties and Responsibilities:

  • STRATEGY: Develop and lead financial strategy, goals and objectives for fast growing consumer products company. Build financial department, systems, software and reporting.

  • MODELING: Participate in key decisions pertaining to strategic initiatives, operating model and operational execution

  • REPORTING: Prepare and maintain regular financial planning reports; Monthly profit and loss forecast by division (vs. budget); Weekly cash flow forecast

  • GOALS: Assist in establishing yearly objectives and meeting agendas, and selecting and engaging outside consultants (auditors, investment advisors)

  • ANALYSIS: Complete analysis of financial results; Develop recommendations (strategic and tactical). Develop and execute analysis of various business initiatives (e.g., new product launches, promotional programs, etc.) and develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans

  • AUDIT: Engage the board finance, audit, and investment committees around issues, trends, and changes in the operating model(s) and operational delivery, and coordinate audits and proper filing of tax returns

  • PLANNING: Oversee cash flow planning and ensure availability of funds as needed. Manage cash flow providing short and long-term cash flow planning and oversee long-term budgetary planning and costs management - including engaging the finance committee of the board of directors to develop short-, medium-, and long-term financial plans and projections, and ensure maintenance of appropriate internal controls and financial procedures

  • TREASURY: Oversee cash, investment, and treasury and asset management and oversee weekly cash management; Approve weekly payables; Execute check signing

  • BUDGETS: Coordinate the development and monitoring of budgets and participate in corporate policy development as a member of the senior management team

  • REPRESENTATION: Represent the Company to financial partners, including financial institutions, investors, auditors, public officials, etc. and ensure legal and regulatory compliance regarding all financial functions and serve as a key point of contact for external auditors; Manage preparation and support of all external audits

  • MANAGE: Oversee preparation of month-end, quarter-end, and year-end financial statements, and build and oversee accounting department to ensure proper maintenance of all accounting systems and function; supervise company

  • REVIEW: All month-end closing activities including general ledger maintenance, balance sheet reconciliations and corporate/overhead cost allocation

  • LEAD: Enhance and implement financial and accounting systems, processes, tools and control systems and serve as final point of escalation for Accounts Receivable/Accounts Payable issues

Education and Job Requirements:

  • Bachelor’s degree in Accounting or Finance required; MBA preferred

  • 10+ years of Finance and Accounting experience in a manufacturing and/or sales environment. Must have a strong cost accounting background.

  • Alcoholic beverage industry, food industry or consumer products industry preferred

  • Experience supporting a sales and marketing organization is preferred

  • 5+ years’ experience as a consumer products controller or similar role

  • 5+ years of experience in both FP&A and Reporting roles at a Corporate/Division. Experience in both traditional as well as entrepreneurial companies a plus

  • Excellent written and oral communication skills

  • Experience all Microsoft Products (Excel, Word, PowerPoint), preferred experience with Microsoft Dynamics. Previous work with ERP/Planning Systems.

  • Demonstrated leadership ability, team management, and interpersonal skills

  • Excellent analytical and abstract reasoning skills, plus excellent organization skills

  • Extremely well organized, data driven and comfort managing multiple projects/ stakeholders

Compensation: $150K+ Bonus

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. ind-123




Posted On: Monday, January 7, 2019
Compensation: $150K Plus Bonus

Tagged: CFO

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