Software Engineer at ModernFi

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

Skills

Key technologies and capabilities for this role

PythonAWSBackend SystemsSoftware Engineering PrinciplesScalable SystemsDesignDevelopmentMaintenanceTechnical InitiativesProduct RequirementsCode ReviewsTechnical Decisions

Questions & Answers

Common questions about this position

What is the salary range for the Software Engineer position?

The salary range is $150K - $190K.

Is this Software Engineer role remote or onsite?

The position is onsite.

What skills are required for this Software Engineer role?

Key requirements include proven ability to independently design, develop, and maintain backend systems, strong understanding of software engineering principles with production-ready code experience, excellent communication skills, comfort in fast-paced environments, and 4+ years of experience ideally with Python and AWS.

What is the company culture like at ModernFi?

ModernFi fosters a talented and collaborative team environment with significant ownership, autonomy to build impactful solutions, and a culture of collaboration, learning, trust, and high performance. They value competence, drive, compassion, diverse backgrounds, and technical ability.

What makes a strong candidate for this Software Engineer position?

Strong candidates demonstrate independent backend system design and development, production-ready coding skills, experience with complex projects, excellent communication, comfort in fast-paced settings, 4+ years of experience ideally in Python/AWS, and a high level of empathy and integrity.

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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