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Chief Financial Officer

Location: Honolulu
Posted on: January 27, 2023

Job Description:

The Chief Financial Officer (CFO) reports to the CEO and will be responsible for the overall financial management of Manoa Botanicals, LLC. This includes the day-to-day responsibility for planning, implementing, and managing all financial-related activities. This will include responsibility for accounting, finance, forecasting, budgeting, financial analysis, payroll, and financing. Works collaboratively with the Executive Team to identify opportunities to increase the value of Noa Botanicals. Drives the Company's yearly and long-term business planning process, conducts analysis, and provides strategic financial advice on the overall direction of the Company. As an entrepreneurial company, this person will need to be a "roll up your sleeves individual" collaborating with individuals at all levels of the organization.Operating as the largest licensee on O'ahu, with three dispensary locations & a full production center, we know how to have fun while working hard. Focusing in on our values that drive the goals we aim to achieve; we seek for the challenges and invest our efforts to becoming the low-cost provider of quality medicine. As a vertically integrated medicinal facility, we are gearing up for the day Hawai'i becomes a recreational use state, which will result in explosive growth opportunities.As a true business partner to the CEO, the CFO will assist in the company strategy and raising capital, develop financial forecasts/reporting as well as develop tools and systems to provide critical financial/operational information to the CEO and make actionable recommendations on strategy, operations, and expansion.CORE JOB DUTIES (includes but not limited to)

  • Represent the company to financial partners, including financial institutions, investors, auditors, public officials, etc.
  • Develop and lead financial strategy, goals, and objectives
  • Participate in key decisions pertaining to strategic initiatives, operating model, and operational execution
  • Prepare and maintain regular financial planning reports; monthly profit and loss forecast; weekly cash flow forecast
  • Oversee cash flow planning, ensure availability of funds as needed, and optimize cash position. Manage cash flow providing short and long-term cash flow planning
  • Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations and corporate/overhead cost allocation
  • Direct and maintain responsibility for the financial function of the organization, acting as the strategic business advisor including any contracts into which the company may enter
  • Maintain the integrity of the organization's financial practices, ensuring compliance with financial institutions, auditors, and government agencies, including State of Hawaii Department of Health
  • Evaluate the structure, tools, and processes of the finance group and identify needed changes or professional development opportunities to enable future success of the organization
  • Perform timely financial analyses to provide input on business transactions and strategic planning initiatives. Requires creating profitability and cost-benefit analysis reports as well as evaluating possible merger or acquisitions
  • Other duties as needed when operating as a resourceful, entrepreneurial organizationCORE COMPETENCIES
    • Experience in presenting to investors and raising capital
    • Strong technical accounting knowledge, including an understanding of GAAP, tax requirements of governmental agencies, and general auditing procedures
    • Excellent oral and written communication skills. Must be able to provide clear, precise, and well-substantiated explanations of financial events and trends, and establish credibility with peers, the CEO, and BOD
    • Experience working in a complex inventory environment
    • Possess the highest level of confidentiality and integrity, a trusted advisor with a strong work ethic and resilient mentality
    • Experience working in a team-oriented, collaborative environment Requirements EDUCATION AND BACKGROUND REQUIREMENTS
      • Working knowledge of State of Hawai'i laws, regulations and rules related to medical marijuana
      • Must be and remain compliant with all legal or company regulations for working in the cannabis industry
      • Bachelor's degree in accounting or finance or related field or equivalent work experience
        • MBA, CPA, CFA, M&A or Big 4 experience preferred
        • 10+ years of progressive responsibility in financial leadership roles
        • Experience with QuickBooks
        • Must pass DOH clearance and fingerprinting, per applicable requirements set forth under state statute
        • Years of experience with large corporate structures, and entrepreneurial endeavors
        • Cannabis industry experience preferred
        • Demonstrated success in any of the following positions: CFO, VP Finance, or other Senior level finance positions responsible for the duties listed in this job descriptionPHYSICAL REQUIREMENTS
          • Must be fully vaccinated against COVID-19
          • Prolonged periods sitting at a desk and working on a computer
          • Must be able to lift up to 30 lbs. at a time SUPERVISORY RESPONSIBILITY
            • Direct Reports: Finance and Accounting Managers, IT staff Summary Job Type: Exempt, Full-timeSalary & Bonus Plan (based on experience)Benefits include, employer paid health, dental & vision insurance, equity options, employee discounts, PTO, & paid holidays.

Keywords: GOEBEL FIXTURE COMPANY, Honolulu , Chief Financial Officer, Executive , Honolulu, Hawaii

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