Chief Financial Officer
3 weeks ago
Serotonin Enterprises LLC is an innovative franchisor in the health, wellness, medspa industries, currently expanding nationwide, nearing 100 locations committed in development. We specialize in promoting Health Optimization in a concierge style center through a scalable franchise model and are seeking a Chief Financial Officer (CFO) who is adept at navigating the complexities of franchise finance during this period of rapid expansion.
KEY RESPONSIBILITIES:
Strategically expand financial operations to support of franchise centers, leveraging financial technologies. Utilizing platforms such as QuickBooks and DaVinci, RedShift for optimal scalability.
Manage the accurate and timely accounting and reporting across all franchise operations, ensuring that financial systems are robust and compliant.
Administer vendor rebate programs and ensure that they are integrated into financial planning accurately.
Oversee the preparation and compliance of the annual Franchise Disclosure Document (FDD) audit, adhering to franchise laws and regulations.
Direct the strategic financial oversight of franchisees to ensure their profitability and compliance within our franchising model.
Lead the finance team in maintaining stringent financial policies and procedures that support operational scalability and compliance with multi-state sales tax and nexus laws.
Conduct financial modeling and risk management to navigate financial challenges and opportunities effectively.
Oversee Franchisee Back Office bookkeeping service.
Ensure strict compliance with financial and franchise laws, including handling state-by-state sales tax and navigating nexus complexities, to protect the company against potential financial and legal risks.
Qualifications
Strong finance-based analytical skills
7 - 10 years' of finance experience
CPA or MBA preferred but not required
Proven expertise in managing financial software such as QuickBooks and DaVinci.
In-depth knowledge of franchise financial laws and experience managing FDD audits.
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