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As Finance Manager, you will take a leading role in the financial accounting, reporting, forecasting, and compliance for Cheers. As Cheers continues to evolve, you will manage its existing accounting and financial reporting procedures. Moreover, you will improve upon these procedures and build out new processes to bring increased automation, completeness, and accuracy to these areas. Lastly, you will leverage the company’s financial data and positioning to help inform business decisions.
The role of Finance Manager will involve becoming intimately familiar with all revenue/expense generating activities of the business. You will work closely with the VP of Operations at the outset to gain a bottom-up understanding of the various arms of the business. From there, you will develop protocols with each respective department to streamline financial data collection. Moreover, as Cheers pursues new business initiatives, such as retail expansion, you will play an active role in developing the frameworks and systems by which we account for and measure the financial impact of these initiatives.
Lastly, Cheers partners with Wiss & Company’s WEST Growth program for early-stage companies. The services Wiss provides include monthly QuickBooks reconciliations and GAAP adjustments, CFO advisory services, and annual corporate tax filings. As Finance Manager, the Wiss team will support you in each of these areas and handle a portion of the associated recurring tasks.
The Finance Manager will report directly to the Vice President of Operations.
Starting AORs include, but are not limited to:
Cheers is a brand that exists at the intersection of alcohol and health. We have named this category "alcohol-related health." Our core belief is that alcohol is a good thing — and by creating products and sharing knowledge centered around your alcohol-related health, we can empower our customers to lead happier and healthier lives.
To our knowledge, Cheers is the most successful alcohol-related health company in the United States. Since officially starting Cheers in 2017, we're proud to have:
To date, Cheers has raised $2.3m from venture capital investors, and most recently raised an additional $1.8m from ~1,600 private investors through a Regulation Crowdfunding (RegCF) campaign. Since its launch in 2017, Cheers has driven $35m+ in revenue through cheershealth.com and amazon.com. In 2020, Cheers posted its first profitable year and covered all prior losses in the process. Currently, Cheers drives revenues of $8-10m annually with an operating margin of around 10-12%.
While Cheers is a digitally native brand, the next frontier for the company is retail expansion – aiming for Cheers to be available anywhere alcohol is sold.
We believe a thriving culture is about working alongside people with mutual respect & trust toward a common goal. Our culture is the main reason we consider ourselves a truly exceptional company, and it's our people who shape and grow it. We're proud to have assembled a team whose collective passion and ambition make no task seem too lofty and implement creative solutions to adapt to the changing DTC/retail landscape. We're always looking for people to join our team who have the same motivation to keep moving the ship forward and get excitement from learning new things and improving their skillset.