Chief Financial Officer

4 weeks ago

Lemont Furnace, United States Penn Health Group Full time

Penn Health Group is an independent Pennsylvania-based medical cannabis grower deeply committed to providing patients with high-quality medicine at a fair price. We are looking forward to expanding our operations to medical dispensaries, as well as the potential of recreational usage being passed in the coming years.

Our mission is rooted in delivering exceptional products and putting the needs of patients at the forefront of everything we do.

Chief Financial Officer

The Chief Financial Officer (CFO) is accountable for the administrative, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

The CFO provides both operational and programmatic support to the organization, supervises the finance unit, and acts as the chief financial spokesperson. The CFO reports directly to the Chief Executive Officer (CEO) and collaborates with the executive team on strategic and tactical matters related to budget management, cost-benefit analysis, forecasting needs, and securing new funding.

Roles and Responsibilities

Planning

● Lead the formation of and direct the implementation of strategic business plans;

● Develop financial and tax strategies;

● Manage the capital request and budgeting processes;

● Assist in formulating the company's future direction and support and monitor tactical; initiatives that support the growth strategy; and

● Develop performance measures and a management reporting platform that supports the company's strategic direction

Operations

● Participate in key decisions as a member of the executive management team;

● Foster and maintain productive relationships with all members of the management team;

● Manage the finance, accounting, investor relations, legal, tax, and risk management departments, policies and practices;

● Manage all third parties to which functions have been outsourced;

● Oversee the company's transaction processing systems;

● Implement operational best practices; and

● Supervise acquisition due diligence and negotiate acquisitions

Financial

● Oversee the issuance of financial information, regulatory filings and reporting of financial results to third parties;

● Establish and monitor relevant financial controls;

● Understand capital structure and goals and cash management strategies; and

● Develop an industry presence and network of influencers to raise the profile and reputation of the company.

Risk Management

● Understand and mitigate key elements of the company's risk profile;

● Monitor all open legal issues involving the company, and legal issues affecting the industry;

● Construct and monitor reliable control systems;

● Maintain appropriate insurance coverage;

● Ensure that the company complies with all legal and regulatory requirements;

● Ensure that record keeping meets the requirements of auditors and government agencies;

● Report risk issues to the audit committee of the board of directors; and

● Maintain relations with external auditors and investigate their findings and recommendations

Funding

● Monitor cash balances and cash forecasts;

● Arrange for debt and equity financing; and

● Monitor and/or manage investment of available funds and other corporate assets

Third Parties

● Maintain banking relationships, and

● Represent the company with the investment community, investment bankers and investors

Desired Qualifications:

The CFO has a master's degree in accounting or business administration, or equivalent business experience and 10+ years of progressively responsible experience for a mid to large size high growth company or division of a large corporation. The CFO has experience in partnering with an executive team and have excellent written and oral communication skills.

Preference was given to Diverse candidates with an MBA in Finance and the Certified Public Accountant or Certified Management Accountant designations as well as those with prior experience and knowledge of the pharmaceutical regulatory environment.

Job Type: Full-time

Pay: From $120,000.00 per year

Benefits:

401(k)

401(k) matching

Dental insurance

Health insurance

Life insurance

Paid time off

Vision insurance

Schedule:

10 hour shift

12 hour shift

8 hour shift

Overtime

Weekends as needed

Work setting:

In-person

Ability to Relocate:

Lemont Furnace, PA: Relocate before starting work (Required)

Work Location: In person

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