Senior Vice President Finance

Leading Hemp Manufacturing and Distribution Company

Senior Vice President - Finance

We are seeking a Senior Vice President for Finance (SVP-F) to provide leadership and overall financial management of this fast-growing manufacturing and distribution company focused on the hemp and wellness industry. The SVP-F will become the company’s senior financial executive responsible for (i) building and managing the financial operations and personnel to support $250 million in annual revenue, and (ii) leading the effort to prepare the company for an initial public offering. 

The ideal candidate will have had responsibility and proven experience in understanding and managing the financial issues relating to early-stage, fast-growing organizations, including the development of policies, processes and people to build financial organizational culture and performance.  Most importantly, the ideal candidate will have proven and referenced experience working in successful collaboration with other senior executives and, in this instance, will be able to support and partner with the chief operating officer and the founder/chief executive officer.

The SVP-F will be eligible to become the Chief Financial Officer (CFO) upon their first anniversary after their successful performance in the position.

SVP- Finance Responsibilities

General

• Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.
• Communicate, engage and interact with the Board of Directors, CEO, COO and Executive Leadership Team.
• Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
• Select and engage consultants, auditors and investors, as needed.
• Recruit, interview and hire finance, accounting and payroll staff as required.
• Serve as a key member of executive leadership team.
• Participate in pivotal decisions as they relate to strategic and operational initiatives.
• Implement policies and processes as deemed appropriate by senior leadership team.

Accounting, General Ledger, Administration and Operations

• Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
• Ensure application of appropriate internal controls and financial procedures.
• Ensure timeliness and accuracy of financial and management reporting data for executive management and the board of directors.
• Oversee the preparation and communication of weekly, monthly and annual financial statements.
• Oversee the preparation and timely filing of all local, state and federal tax returns.
• Work with Human Resources to ensure appropriate legal compliance.
• Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
• Oversee preparation of monthly, quarterly and annual financial statements.
• Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
• Enhance and implement financial and accounting systems, processes, tools and control systems
• Hire, develop and manage accounting directors, managers and staff
• Manage the preparation and support of all external audits.

Financial and Cash Management

• Manage cash flow planning process and ensure funds availability.
• Advise on new business opportunities and their potential returns and risks.
• Support banking and investor relationships.
• Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.
• Oversee weekly cash management, including accounts payable (approve payables), and accounts receivable management.

Financial Analysis, Budgeting and Forecasting

• Prepare and present monthly financial reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
• Review and analyze monthly financial results and provide recommendations.
• Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
• Develop and maintain monthly operating budget and annual company operating budget.
• Manage the financial planning and analysis (FP&A) department. Supervise creation of reports, software implementation and tools for budgeting and forecasting.
• Assist in managing relationships with lenders, venders and significant customers/partners.

Finance and Accounting Team Management

• Mentor and develop a team of accountants, bookkeepers, and financial analysts, managing work allocations, systems training, performance evaluations, and the building of an effective and efficient team dynamic.
• Guide larger, cross-divisional teams across the company’ businesses.
• Assist in creating, communicating, and implementing the organization's vision, mission, and overall direction. 

SVP-Finance Requirements

• A superior ability to: (i) communicate ideas in a clear, concise manner, at all levels; (ii) plan, coordinate and implement strategies and tactics; (iii) work across functions to deliver and execute; (iv) collaborate with other senior executives across the organization; and (v) understand and manage changing regulatory environments and market conditions.
• A superior set of financial and organizational analytical and problem-solving skills; time management and prioritization skills; expertise in risk identification, control evaluation, testing and sampling methodologies, and key risk indicators, etc.
• A desire to help lead a small, fast-growing company with strong market positioning to 10x revenue growth through product expansion, market expansion and broadening strategic objectives to become a “best practices-focused” publicly listed company.
• Knowledge and understanding of GAAP, IFRS, SOX compliance and SEC reporting.
• A minimum of 8 years of financial leadership experience.
• A BA degree in accounting, business or related field.
• A CPA is preferred, but not required.
• Re-location to the company’s headquarters in Denver, Colorado.

The SVP-Finance will report to the Chief Operating Officer, the Chief Executive Officer and the Board of Directors.

Compensation and benefits are competitive and commensurate with the market

Please submit all inquiries to:  search@mcnutraceuticals.com

Tips: Provide a summary of the role, what success in the position looks like, and how this role fits into the organization overall.

Responsibilities

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Example: Determine and develop user requirements for systems in production, to ensure maximum usability

Qualifications

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Example: Excellent verbal and written communication skills