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Job Summary

  • Company: FOLIOfn
  • Location: McLean, Virginia (Metro DC area)

Job Description

Chief Financial Officer

FOLIOfn, Inc. is a financial services and technology firm. Through our wholly-owned subsidiary FOLIOfn Investments, Inc. (a self-clearing registered broker-dealer), we offer: the next generation of investing after mutual funds and Exchange-Traded Funds (ETFs) for retail investors; a state of the art separate managed account and TAMP platform; and one of the best platforms and offerings for independent registered investment advisors and introducing broker-dealers including securities clearing services. We also offer, through our wholly-owned subsidiary PROXY Governance, Inc., proxy advisory and voting services for institutional investors. We have a significant number of patents, including those relating to the process of investors’ economically creating and managing a diversified portfolio, what we call “FOLIOs”, and we own and have developed, and license our own brokerage trading technology.

FOLIOfn, Inc is seeking to hire a hands-on, strategic Chief Financial Officer (CFO) to lead the finance and accounting functions of the parent company and both subsidiaries. We are looking for a CFO with a deep securities clearing-brokerage background who also has experience managing accounting functions. Knowledge of brokerage accounting and series 7 and 27 licenses would be a plus, as would a broad-based knowledge of GAAP, including consolidations and inter-company relationships. An MBA or CPA is required. The successful candidate will be responsible for the following:

Strategic Corporate Finance:
• Financial analysis of key performance indicators within each channel and customer segment.
• Financial analysis of new products and services.
• Financial modeling and projections, including cost-benefit analysis, pro-forma P&Ls, balance sheet and cash flows.
• Financial control and cost containment efforts.
• Risk management.
• Treasury functions and investing.
• Sourcing financing for company capital expenditures.
• Sourcing financing for the company’s margin lending business.
• Sourcing possible acquisition candidates.
• Discussing appropriate pricing structures for key products and services.
• Vendor negotiation.

Consolidated Financial Reporting and Accounting:
• Overseeing accounts payable and receivables processes.
• Maintaining all financial ledgers.
• Working with auditors to provide supporting documentation and information as needed.
• Closing books for all entities, preparing eliminating entries and consolidated financial reports, and related analysis for parent and subsidiaries.
• Reconciling inter-company accounts and activity.
• Properly recording software development and other expenses and related revenue for licensing activities.

Brokerage Accounting:
• Regulatory reporting requirements standard to the brokerage industry, including filing FOCUS reports.
• Applying GAAP practices, preparing financials for the Brokerage.
• Responsible for all books and records of the Broker-Dealer.

Investment Relations:
• Preparation and presentation of financial information for Board of Directors.
• Preparation and distribution of materials to stockholder and other interested parties.
• Manage relationships with banking and financial institutions.
• Presentation of financial information to senior management and throughout the company.
• Maintain stock option plan records and security holders records.

Tax Reporting:
• Responsible for all corporate tax analysis and filings.
• Prepare tax analysis and calculation for external auditors.

General Accounting:
• Direct and oversee all financial and accounting activities.
• Supervise accounting group.
• Provide timely and accurate regulatory filings.
• Schedule and coordinate the company’s external audits.
• Responsible for risk management and maintenance of adequate insurance and additional measures to mitigate risk.
• Develop and implement finance, accounting, billing, and auditing procedures.
• Establish and maintain appropriate internal control safeguards.
• Interact with other managers to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
• Ensure records are maintained in accordance with generally accepted accounting principles and applicable regulatory requirements.
• Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems.

• Bachelors Degree in Accounting or Finance.
• 10+ years of relevant clearing-brokerage experience required, preferably including previous experience as CFO.
• SEC or other regulatory reporting experiences a plus.
• MBA and/or CPA.
• Require excellent written and verbal communication and interpersonal skills
• A willingness to work a flexible schedule.
• Preferably IPO experience and some public company experience, as company objectives include a public offering.
We are steadily growing and offer competitive salaries and benefits including: health insurance (medical, dental, vision), flexible spending accounts, LTD, Life insurances as well as a 401k.

FOLIOfn is proud to be an Equal Opportunity Employer M/F/D/V.

If you wish to apply for this position, please email your resume (in word format) to along with your salary requirements. Place the job title in the subject line of your email. For more information, please visit our site at


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