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Chief Financial Officer

employment with us
Los Angeles, CA Full Time
POSTED ON 3/4/2025
AVAILABLE BEFORE 5/4/2025

Location: Hybrid – Balance of On-Site and Remote Work
Department: Executive Leadership
Reports to: Chief Executive Officer (CEO)
Job Type: Full-Time
Industry: Cannabis, CBD, and Kratom

About Us:

We are a multi-entity organization operating in the cannabis, CBD, and kratom industries, providing centralized leadership and strategic oversight for a diverse portfolio of brands. Each entity maintains independent financial operations, while our corporate leadership ensures compliance, financial efficiency, and alignment across all brands. HR MGMT 10, LLC serves as the Employer of Record (EOR) handling payroll and employment services, but the CFO role will focus on high-level corporate financial oversight, strategy, and planning—not individual financial services for each entity.

Position Overview:

The Chief Financial Officer (CFO) is responsible for overseeing financial strategy, corporate planning, and compliance across multiple entities. This role requires a deep understanding of financial structuring in highly regulated industries, including cannabis, CBD, and kratom. The CFO will focus on multi-entity financial oversight, payroll funding management, cash flow strategy, risk mitigation, and investor relations, ensuring long-term financial stability without directly handling financial services for each brand.

This position will be hybrid, requiring on-site presence at key locations while also allowing remote work for strategic financial planning and reporting.

Key Responsibilities:

  • Corporate Financial Strategy & Oversight:

    • Develop financial strategies that support the growth and scalability of multiple entities.
    • Oversee corporate budgeting, forecasting, and financial reporting at the holding company level.
    • Ensure strong financial governance across all entities without direct control over their daily financial operations.
  • Payroll Funding & Cash Flow Management:

    • Oversee payroll funding strategies to ensure timely allocation across multiple brands.
    • Monitor and optimize corporate cash flow, working capital, and liquidity reserves.
    • Collaborate with HR MGMT 10, LLC to ensure payroll operations remain fully funded and compliant.
  • Regulatory Compliance & Risk Management:

    • Ensure corporate compliance with state and federal financial regulations, including cannabis-specific banking challenges.
    • Work closely with legal teams to navigate complex tax structures and financial risks.
    • Develop internal controls and financial policies to safeguard corporate assets.
  • Entity Structuring & Growth Strategy:

    • Support corporate structuring, acquisitions, and expansion planning.
    • Identify strategic investment opportunities and financial efficiencies across multiple entities.
    • Provide financial modeling and scenario planning to guide corporate decision-making.
  • Stakeholder & Investor Relations:

    • Present financial insights and performance updates to the CEO, board, and investors.
    • Lead discussions on capital funding, investment strategies, and long-term financial sustainability.
    • Foster relationships with financial institutions, private investors, and industry stakeholders.

Required Qualifications:

  • Bachelor’s degree in Finance, Accounting, Business Administration, or related field (MBA or CPA preferred).
  • 10 years of financial leadership experience, with at least 5 years in a CFO or senior finance role.
  • Experience working in a multi-entity corporate structure with shared oversight responsibilities.
  • Industry experience in cannabis, CBD, or other highly regulated industries is required.
  • Expertise in payroll funding strategies, cash flow management, and corporate financial planning.
  • Strong knowledge of banking compliance, tax structuring, and financial risk management in high-risk industries.
  • Ability to analyze financial data, present reports to executives, and drive strategic decision-making.

Preferred Qualifications:

  • Experience in financial structuring, M&A, or corporate tax strategy.
  • Strong relationships with banks and financial institutions in high-risk markets.
  • Familiarity with payroll systems and funding operations in multi-entity organizations.

Why Join Us?

  • Strategic leadership role in a fast-growing, multi-entity organization.
  • Competitive executive compensation, bonuses, and benefits.
  • Hybrid work environment with a balance of on-site engagement and remote flexibility.
  • Opportunity to shape financial strategy in the cannabis, CBD, and kratom industries.

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