Chief Financial Officer/CFO
Confidential · California, United States
Tailor my CV for this job — freeThis role in Southern CA has 4 must have requirements our client is asking for.Your resume will Not be considered unless all 4 are met- thanks for understanding.Must Haves:CPA3+ years in the Cannabis industry3+ years in a Publicly Traded companyLiving or willing to relocate to LA CountyThe CFO oversees finance and accounting, financial planning and analysis, treasury, tax, financial reporting, and internal controls. The role combines public company financial leadership with hands-on operating discipline across cultivation, manufacturing, wholesale, brands, and corporate functions, including financial oversight of joint ventures and other investments.DUTIES:● Develop and execute the financial strategy in alignment with the Company’s business objectives; advise the CEO and Board on growth, capital allocation, financing, and financial risk.● Lead annual budgets, multiyear plans, rolling forecasts, and scenario analysis; establish clear assumptions, accountability, and actions for addressing performance gaps.● Provide decision support for expansion, automation, infrastructure, product and channel strategy, organizational changes, and other significant investments.● Present financial results and recommendations to the Board and executive team.● Oversee accurate and timely monthly, quarterly, and annual closes, consolidated financial statements, management reporting, and financial disclosures under U.S. GAAP and applicable reporting requirements.● Oversee technical accounting, consolidation, joint venture and investment accounting, revenue recognition, inventory valuation, leases, equity compensation, and significant transactions.● Manage external audit relationships and audit readiness; resolve accounting issues promptly and communicate significant judgments and findings to the Audit Committee.● Lead the design, implementation, documentation, and ongoing evaluation of internal control over financial reporting and financial disclosure controls, including applicable Sarbanes-Oxley requirements.● Partner with cultivation, manufacturing, wholesale, and business leaders to improve visibility into production costs, inventory, yields, labor productivity, pricing, margins, and working capital.● Establish consistent cost accounting and actionable reporting across locations and business units, including cost per pound, unit economics, product profitability, and budget variances.● Evaluate cost of goods sold and operating expenses; drive sustainable efficiencies while protecting product quality, safety, compliance, and business continuity.● Assess capital project returns and monitor spending, execution, and benefits realized; challenge investment assumptions and recommend corrective action when needed.● Provide financial oversight of joint ventures and investments, including performance, funding commitments, reporting, and financial implications of changes in ownership or structure.● Oversee cash forecasting, liquidity, banking relationships, debt administration, covenant compliance, and working capital management.● Develop financing recommendations and lead financial execution of debt and equity transactions in collaboration with the CEO, Board, Legal, and external advisors.● Manage financial relationships with lenders and financing partners; anticipate funding needs and recommend appropriate responses to market and business changes.● Establish appropriate cash management and payment safeguards for a regulated cannabis business and maintain disciplined oversight of collections, disbursements, and financial exposures.● Oversee tax planning, provisions, filings, and payments with internal and external specialists, including federal, state, local, and cannabis-specific obligations.● Monitor the financial implications of changes in cannabis regulation and tax treatment, including Section 280E where applicable; model impacts and coordinate implementation with qualified advisors.● Partner with Legal and Compliance on financial recordkeeping and reporting obligations associated with licenses and regulated operations; support examinations and audits.● Lead financial evaluation, valuation, due diligence, and transaction structuring for acquisitions, divestitures, partnerships, and other strategic opportunities.● Oversee financial integration and reporting following transactions and evaluate whether anticipated financial benefits are achieved.Qualifications and Experience:● Active US CPA● 15 or more years of progressive finance and accounting experience, including at least five years in a CFO, divisional CFO, or comparable senior financial leadership role with enterprise-level responsibility.● Demonstrated public company experience, including U.S. GAAP, securities reporting, external audits, internal controls, and SOX implementation or oversight.● Experience in cannabis with the ability to learn and navigate cannabis-specific financial, banking, and tax complexities.● Demonstrated success improving cash flow, forecasting, cost visibility, financial processes, and team capabilities. Experience with joint ventures, acquisitions, and integration preferred.Salary Range: 350-400K+ Bonus