Chief Financial Officer with Clearing Brokerage Experience

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 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 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 skillsA 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.