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CFO

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.

Requirements/Preferences:
• 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 recruiting@folioinvesting.com along with your salary requirements. Place the job title in the subject line of your email. For more information, please visit our site at www.folioinvesting.com.


**ONLY QUALIFIED CANDIDATES WITH 10+ YEARS OF RELEVANT WORK EXPERIENCE AT A SELF CLEARING BROKER/DEALER OR CLEARING FIRM WILL BE CONSIDERED. CANDIDATES WITHOUT THIS EXPERIENCE NEED NOT APPLY**

Candidates interested in applying to this role should e-mail recruiting@folioinvesting.com.

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