Director of Financial Reporting

Who We Are: Schwazze (OTCQX:SHWZ | NEO:SHWZ) is building a premier, vertically integrated regional cannabis company with assets in Colorado and New Mexico. The parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale, Schwazze is committed to unlocking the full potential of the cannabis plant to improve the human condition. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices.

For more information, please visit our website: www.schwazze.com

Job Title: Director of Financial Reporting

Salary Range: $120,000 - $150,000 annually

Bonus Target: 20%

Type: Exempt, Salaried

Location: Denver, Colorado (On-Site, 865 N. Albion Steet, Denver, CO 80220)

Position Objective

The Director of Financial Reporting will serve as a key architect in sculpting the financial narrative of our organization, overseeing the meticulous preparation and strategic dissemination of periodic financial statements for external stakeholders. This role aims to establish a gold standard for financial reporting, ensuring precision, compliance with regulatory standards, and timeliness. By collaborating seamlessly with internal and external partners, the Director of Financial Reporting will play a pivotal role in upholding transparency, fostering trust, and supporting the organization's financial integrity in a dynamic and complex business landscape.

Major Functions

Financial Statement Oversight

• Direct the preparation and distribution of quarterly and annual financial statements in compliance with GAAP accounting principles and SEC rules.
• Ensure the accuracy and completeness of financial statements, footnotes, and MD&A.
• Lead the quarterly review process, actively engaging with audit teams to address queries and facilitate a seamless review process.
• Liaise with the tax team to ensure accurate calculation of tax provisions and annual tax requirements.

Compliance and Regulatory Adherence

• Monitor and implement internal controls, collaborating with internal auditors to enhance the control environment.
• Stay abreast of accounting and financial reporting rules and regulations, providing guidance on compliance issues.
• Collaborate with legal and CPA advisors to address securities matters and maintain compliance with relevant standards.
• Manage the submission of government reports, ensuring timely and accurate compliance.

Collaboration and Cross-Functional Engagement

• Work closely with internal accounting teams, legal, and CPA advisors, fostering a collaborative environment to address technical accounting issues and ensure seamless integration of financial data.
• Act as the main contact for external audits, addressing inquiries, and managing document requests (PBC).
• Collaborate with legal teams on securities matters, ensuring alignment between financial reporting and legal compliance.
• Foster a culture of open communication and knowledge-sharing, ensuring synergy between financial reporting and other organizational functions.

Education and Experience

• Bachelor's degree in accounting, finance, or related field.
• 8 years of relevant experience, including a combination of public accounting and corporate financial reporting for SEC registrants.
• Must be at least 21 years of age.
• Thorough knowledge of GAAP accounting principles, SEC rules, and experience with consolidations in complex entity structures.
• Strong collaboration and interpersonal skills, with a proven track record of working effectively across diverse teams.
• Advanced Microsoft Excel skills and familiarity with financial software systems.

A Plus, but Not Required

• Master's degree in accounting, finance, or related field.
• Familiarity with the following software:
  • Sage (ERP System)
  • Toppan Merril (SEC Reporting Software)
  • Occupier (Lease Accounting)
  • OptionTrax (Stock Option Tracker)
• Technical Knowledge:
  • Earnings Per Share
  • Weight Average Shares Outstanding
  • Preferred Dividends (PIK)
  • Stock Compensation
  • Option Tracking (ISOs, RSUs, PSUs)
  • Debt financing, accounting entries
  • Derivative Liabilities
  • Business Combinations; Purchase Price Accounting
  • Investment in Subsidiaries
  • Lease Accounting
  • Account Reconciliations

Working Conditions (Schedule, Environment, Travel)

• Schedule will vary depending on the needs of the business (Nights, Weekends, Holidays included).

Benefits

• 401(k) Employer Match
• Medical/Dental/Vision insurance
• Pet Insurance
• EAP Programs
• Flexible Time Off
• Paid Parental Leave
• Employee Discount at all Schwazze Retail locations

Schwazze is committed to fairness and equality of opportunity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.