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