Cannabis jobs at SystemsAccountants

VP Treasurer

New York, New York

From $200 to $250 per annum

Our NYC cannabis client is seeking an experienced finance & treasury professional to join as the organization's VP Treasurer. You will work directly with the CFO to ensure the company's financial strength, overseeing all treasury activities including: capital markets and financing, cash management and forecasting, short-term investing and liquidity management, financial risk management and risk/insurance program management.

Responsibilities:

• Define and develop an optimal capital structure through a comprehensive and actively managed financing strategy.
• Lead fund raising efforts in capital markets through either debt or equity finance, maintain relationships with lenders and investors, credit analysts and credit rating agencies. This includes arranging, negotiating, renewing, and maintaining credit facilities and other key sources of capital to create viable and accessible financing sources.
• Manage Treasury risks including interest rate, duration, foreign exchange, etc.
• Minimizing overall weighted average cost of capital
• Liaise across the organization to forecast cash requirements of the organization and manage short and long term liquidity requirements
• Manage Insurance risks and the overall insurance program with the company's broker.
• Work with the CEO/CFO and other key stakeholders (Chairman, IR, Bus Dev) to secure the confidence and support of investors and lenders.
• Manage collateral, funding and securitization of company assets.
• Liaise with banks and other capital providers to ensure that the company maintains continuous and flexible access to capital as needed to achieve its objectives.
• Manage the treasury shares, company equity and stock plans and assure compliance of all regulations in response to changing securities laws. Administer the Company Equity / Stock Plans by maintaining and reconciling controls. Responsible for the issuance of all Company shares and payment of dividends as declared by the Board.
• Monitor treasury metrics (except accounting) to ensure Company is always fully compliant with terms and covenants.
• Work with the CFO and other senior leaders to identify, assess and manage enterprise risks.
• Participate in M&A activities as required.
• Reporting - quarterly and annual reporting to the Audit Committee of the Board on Treasury-related activities.
• Work with the CFO to develop an annual budget for the Treasury function.
• Collaborate with Executive team to set and implement the company's strategic plan.
• Further build out the treasury function including, if required, the recruitment and development of a small team.
• Build strong relationships with relevant board members, executive team members and senior leaders in the business as necessary.

First year deliverables

• Ensure company is adequately funded through thorough assessment of sources and uses of cash
• Established a robust short and long-term cash flow management process.
• Established a risk management framework.
• Built a best-in-class treasury function as a first-time treasurer. Defined the function for the company.

Experience/Qualifications:

• 15+ years of relevant finance and treasury experience.
• Cannabis experience preferred given the unique nature of the capital markets and banking requirements/restrictions in the industry.
• Experience with financing arrangements, capital markets, and financial risk management strategies.
• Experience directly or indirectly managing insurance and risk programs
• Previous experience at a similar sized organization preferred.
• Experience as the lead Treasurer in an organization strongly preferred.
• Experience of successfully raising capital in challenging conditions preferred.
• An ability to marry a deep understanding of capital markets and related communities with an in-depth understanding of the company's business and operations to formulate a compelling financing strategy.
• A willingness and ability to take full ownership of (and accountability) for all facets of Treasury to create meaningful, risk-adjusted returns for the company.
• Track record of building strong relationships with banking and lending partners.
• Demonstrated ability to be proactive and innovative in ensuring liquidity, in changing market environments.
• Proven ability to think strategically and tactically.
• Investor Relations experience would be a bonus but is not a requirement.
• Credible and reliable professional with demonstrated ability to present sound recommendations supported by solid business cases.
• Collaborative - capable of building relationships and adding value for quality of advice.
• High level of ethics, values, and integrity.
• Strong interpersonal and communication skills with both internal and external stakeholders.
• Bachelor's Degree required. One or more of the following is preferred; MBA Finance, CA, CFA or equivalent.

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