Software Engineer

New York, New York, United States

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$120,000 – $180,000Compensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Technology, Software DevelopmentIndustries

Requirements

Candidates should possess at least 4 years of software engineering experience, with a strong understanding of software engineering principles and proven ability to independently design, develop, and maintain backend systems. They should have experience with Python and AWS or similar modern technologies, and demonstrate comfort operating in a fast-paced environment.

Responsibilities

The Software Engineer will design and build scalable, maintainable, and correct backend services to support ModernFi’s core products and bank integrations, lead or contribute to technical initiatives, partner closely with Product to define requirements and ship impactful features, uphold and evolve engineering best practices, participate in design discussions, conduct code reviews, and contribute to technical decisions that scale with the business. They will also tackle challenging technical problems, help cultivate an inclusive engineering culture, and contribute to products that improve financial health nationwide.

Skills

Python

AWS

Backend Systems

Software Engineering Principles

Scalable Systems

Design

Development

Maintenance

Technical Initiatives

Product Requirements

Code Reviews

Technical Decisions

ModernFi

Advisory services for funding markets management

About ModernFi

ModernFi focuses on funding markets and asset liability management in the banking sector by allocating funds to FDIC-member banks. It serves institutional clients, providing insights and strategies to help them manage funding needs and optimize balance sheets. Unlike traditional banks, ModernFi does not offer deposits but simplifies complex financial processes through advisory services and educational materials. The company generates revenue through various fees, aiming to add value by helping clients navigate financial market complexities.

New York City, New YorkHeadquarters

2022Year Founded

$26.9MTotal Funding

SERIES_ACompany Stage

Fintech, Financial ServicesIndustries

11-50Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Company Equity

Risks

Increased competition from fintech companies may erode ModernFi's market share.

Technical challenges with Q2 integration could affect client satisfaction and adoption.

Regulatory scrutiny may increase compliance costs and operational challenges for ModernFi.

Differentiation

ModernFi offers a fully integrated, API-driven deposit network for financial institutions.

The company provides extended deposit insurance through program institutions, enhancing depositor security.

ModernFi's solutions simplify complex financial instruments for institutional clients, aiding compliance.

Upsides

Integration with Q2's platform enhances ModernFi's digital banking capabilities and client reach.

Partnerships with credit unions expand ModernFi's market presence and deposit network.

Recognition as a top fintech innovator boosts ModernFi's credibility and market appeal.

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