The Chief Financial Officer (CFO) serves as a key member of Lemnature AquaFarms Executive Leadership Team (ELT) and is an important strategic partner to the Chief Executive Officer. The CFO provides oversight for all financial planning and analysis, accounting, M&A, treasury, and tax activities. She/he will drive efficiency by analyzing company results, fine tuning, and monitoring KPI’s and determining forecasts and trends for the future. This individual has a strong strategic voice and will oversee activities including accounting, financial reporting, strategic planning, budgeting and financial planning, risk management and financial analysis. The CFO will work to optimize company performance and drive shareholder value through the achievement of Company long-term goals.

The CFO is a leader dedicated to delivering best-in-class results to support the company’s strategic plans and improving the financial health of Lemnature AquaFarms. This leader will assist in transforming the company’s capabilities to better serve customers, establish new business opportunities, reduce costs and working capital, enhance revenues and increase consumer equity. This role is a critical growth partner, expanding capacity, responsiveness, and reliability, while also focusing on longer-term strategies to enhancing quality, reducing costs, and improve capital efficiency.

The CFO is expected to be a decisive leader and strong communicator, who will work closely with the CEO, Board of Directors, Audit Committee, shareholders, investors, auditors, bankers, key vendors, and cross-functional peers to drive Lemnature AquaFarms business, while instilling operational rigor and accountability. She/he will assist in transforming the company’s capabilities to better serve customers, establish new business opportunities, reduce costs and operating capital, and enhance revenues. The CFO will help create a culture of continuous improvement and success by clearly communicating goals, expectations and facilitating accountability to exceed the company’s financial goals.

Primary Responsibilities:

Provide overall responsibility for financial management of the corporation, including treasury, asset/liability management, financial reporting, accounting and taxes, budgeting, financial planning, insurance, and investor relations. Specific needs revolve around business reporting, accounts receivable and payable management and revenue reporting. Immediate objectives will consist of:
- Driving cash flow and CapEx planning, management, and control.
- Creating decision-support tools, designing, and deploying scorecards/dashboards that track the financial drivers to better manage the business.
- Identifying and leading efficiency initiatives across the entire finance/accounting group related to both work processes and human capital.
- Evaluating and improving accounting and financial reporting capabilities throughout the entire organization.
- Instituting a dynamic management style within the financial group to promote a proactive orientation.
Provide leadership in the development of business and financial strategies and plans that will effectively support both short and long-term financial, as well as marketplace, performance.
Monitor ongoing performance against objectives; identify problems and initiate appropriate corrective action to keep the company on its target.
Prepare operating budgets and management reports; provide independent economic analysis of investment opportunities; and evaluate the financial impact of related actions being considered by the company.
Provide multi-year, forward-looking financial planning, and support non-financial strategy development.
Ensure financial transactions, policies and procedures meet company objectives/needs and regulatory compliance.
Provide leadership and guidance both to the finance staff and to management regarding the creation, expansion and maintenance of robust and effective financial systems required to support the company as it progresses through major growth milestones.
Recruit, retain and manage an effective financial organization, with a committed management team and staff, who endorse and support the values and mission of the company.
Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACH’s.
Supervise Accounts Receivable management and provide guidance relating to the collection process
Manage the preparation of tax and other required regulatory documents and ensure compliance with corporate governance regulations.
Evaluate and enhance internal controls, processes and procedures and implement a culture of continuous improvement.
Manage the Company’s relationship with external agents and advisors including auditors, lawyers, bankers, brokers, etc.
Manage human resource related activities including payroll and overall regulatory compliance.
Work in collaboration with HR on annual benefit negotiations and 401-k testing and compliance.

Requirements

Prior experience as the Chief Financial Officer of similarly situated company or seasoned finance executive at a public company. Experience with VC or PE-backed company preferred.
Strong experience in financial planning and analysis combined with a strong business building orientation with superior financial/analytical skills and astute business judgment.
Outstanding knowledge and understanding of GAAP, SOX compliance and SEC reporting.
Hands on ERP systems experience – NetSuite, and ADP experience.
Experience working with venture capital, private equity firms and investment banks.
Capital structure and capital market experience.
Excellent analytical, reasoning, and problem-solving skills
Ability to quickly develop trust and loyalty at all levels in the organization and be a culture builder.
Strong demonstrated leadership presence and skills to inspire staff and lead projects.
A degree in accounting, finance, business administration, business management or related field; MBA and/or CPA preferred.

Personal Attributes:

Positive and energetic leader with a strong business acumen, and high sense of urgency to drive and achieve business results.
An individual capable of becoming a true business partner and can be looked upon by others in the organization as one of the key decision makers and strategists.
A strong business orientation with the ability to “go beyond the numbers”, utilizes and focuses upon information not just data in helping to identify and exploit business opportunities for increasing revenue, improving productivity, and strengthening the company’s profit performance.
Natural leader, team builder and player coach, that invokes trust, collaboration, shared accountability, and continuous improvement at all levels in the organization.
Knows what excellence looks like and how to get there.
Ability to develop and implement strategy, with a high bias for execution and activation, comfort with getting hands dirty.
Demonstrated track record of problem solving and priority setting, with the ability to “think outside the box” to generate alternative solutions for consideration and provide comprehensive risk/benefit analysis of those alternatives.
A hands-on, sleeves-up team player who can operate autonomously and as an effective member of the senior executive leadership team; someone with superior interpersonal and communications skills who can also forge effective working relationships with the rest of the management team and interpret financial implications.

Lemnature AquaFarms

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Chief Financial Officer