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; one of the best platforms and offerings for independent registered investment advisors and introducing broker-dealers; and securities clearing services to third parties.  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 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 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 recoding 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.

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.

·       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 or clearing firm exp a must) 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 generous 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@foliofn.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 .