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SalaryAbout Us
At 240L, our mission is to revolutionize the cannabis industry by providing a best-in-class technology stack that optimizes the supply chain from seed to sale. Our goal is to make the process of cultivating, distributing, and selling cannabis more efficient, cost-effective, and sustainable while maximizing cash flow and ensuring compliance with regulations and industry standards.
We are committed to delivering cutting-edge solutions that streamline the entire cannabis supply chain from cultivation, processing and packaging, distribution, and ultimately order to cash. Our platform leverages the latest advancements in supply chain management and technology to provide real-time data insights that enable growers, distributors, and retailers to make informed decisions—providing a valuable competitive advantage over their competition.
At 240L, we believe that our technology empowers our customers with the data, tools, and insights they need to optimize their operations and maximize profitability without sacrificing quality and service.
Job Summary
As the CFO of 240L, you will be responsible for providing strategic financial leadership and direction to drive our company's financial success and strategic partnerships. With a strong emphasis on operational excellence, you will be the executive leader across accounting & financial processes, risk management, operational optimization, strategic partnerships, and ensuring the overall fiscal health of our organization and complex portfolio of investments, including several wholly and partially owned entities, joint ventures, etc. You will work closely with our managing partners, and other key stakeholders to develop and execute financial strategies that support our growth and expansion goals.
This position will work onsite at our office in downtown Chicago, M-F.
Responsibilities
Financial Strategy: Develop and implement a comprehensive financial strategy aligned with the company's objectives, including optimizing capital allocation, fundraising, investor relations, and overall financial planning.
Operations Integration: Leverage your extensive operations experience to monitor business unit performance–driving efficiency improvements, cost reduction initiatives, and process optimization throughout the supply chain and financial operations.
Financial Planning & Analysis: Oversee budgeting, forecasting, and financial analysis to provide insights into the company's performance, opportunities, and risks. Partner closely with business unit leaders & department heads to provide visibility into cost center allocations and overall P&L performance.
Risk Management: Develop and implement strategies to mitigate financial and operational risks, ensuring compliance with industry regulations and standards.
Financial Reporting: Prepare and present accurate, timely, and transparent financial reports to the executive team and the board of directors, providing insights into financial performance and trends.
Capital Management: Manage the company's capital structure, including AP/AR, debts &, credit, and equity to support growth objectives while optimizing returns.
Team Leadership: Build and lead a high-performing finance & accounting team, providing mentorship, guidance, and professional development opportunities.
Mergers & Acquisitions: Evaluate potential mergers, acquisitions, and strategic partnerships, conducting due diligence and financial analysis as necessary. Oversee the implementation of joint ventures and other partnerships accordingly.
Compliance: Ensure compliance with financial regulations, reporting standards, and tax requirements in collaboration with legal and accounting teams.
Cost Control & Expense Reimbursement: Implement cost control measures and identify areas for cost reduction without compromising quality or service, including budgeting, expense reimbursement guidelines, etc.
Qualifications
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field; MBA or CPA preferred.
- Proven experience as a CFO or a senior finance executive in a supply chain or logistics company, cannabis experience a plus!
- Strong background in supply chain operations, with a deep understanding of logistics and distribution processes.
- Demonstrated ability to drive financial and operational improvements.
- Exceptional leadership and team management skills.
- Excellent communication and interpersonal skills.
- Analytical mindset with the ability to make data-driven decisions.
- Experience with mergers and acquisitions is a plus.
- Knowledge of relevant regulatory requirements and industry standards.
Benefits
- 401(k) matching
- Dental insurance
- Health insurance
- Vision insurance
- PTO
240L is an Equal Opportunity Employer and all applicants will be considered without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.
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