General Counsel

Fora Financial, located in NYC, is a leading financial services company providing working capital to small and mid-size businesses nationwide.

Established in 2008, we support small businesses in need of financing to sustain or grow their enterprise by providing innovative, customized, and flexible working capital solutions. We operate through a consultative approach, listening to customers and providing what best meets their needs in an ever-changing financial market. To date, Fora Financial has delivered over $2 billion in working capital to over 25,000 customers.

Position Summary

The General Counsel and Chief Compliance Officer is a key member of the executive team and will manage the full suite of legal, regulatory and compliance responsibilities for the Company. This important role will report to Fora Financial’s President and will have high visibility to key company stakeholders including investors, lenders, vendors, and the Company’s Board. The ideal candidate will have experience across a wide range of legal practice areas and will bring both a strategic mindset and practical commercial approach to the legal function.

Key responsibilities include:

Advises the executive team and senior management on all company legal matters, leading the charge to maximize compliance efforts and mitigate legal risk within the context of the Company’s strategic and financial objectives.

Partners with leaders across the business across a wide range of commercial initiatives, including financings, contract negotiation, sales partner/vendor reviews, new product considerations, etc.

Serves as the internal company expert on all federal and state regulatory qualifications pertinent to small business lending, including licensing and disclosure requirements, commercial lending limits, information security and privacy considerations. Remains current on updated relevant legislative and regulatory rulings, briefing the executive team on any material changes and the potential impact to the business.

Maintains and updates the Company’s compliance program, developing and maintaining compliance best practices and ensuring these practices employed across the business with associated internal policies and procedures, training, and documentation.

Leads the process for assessing appropriate collections measures for non-performing customers consistent with internal best practices and applicable law, including litigation strategy and filing when appropriate. Works with the internal collections team and manages relationships with outside collections firms, optimizing cost effective usage of in house vs. outside personnel.

What You Have

JD Degree from an accredited law school

Active member of the NY state bar in good standing

10+ years of experience managing the legal function in a fast-paced and dynamic organization

Superior managerial, interpersonal and written/verbal communication skills, with impeccable ethics and integrity absolute musts

Demonstrated ability to recognize and weigh business and legal risks, lead strategically and advance innovative solutions.

Exceptional business and legal acumen; ability to identify and diagnose legal problems and articulate creative and practical solutions and alternatives.

Desire to work in a collaborative environment with a team of talented colleagues unified in our mission to achieve Fora Financial’s strategic objectives

The Benefits of Working for Fora Financial:

Competitive base salary and bonus potential

Comprehensive and cost effective medical, dental, vision coverage

401K Plan with company match

Life Insurance at no cost to employees

Flexible office/home work schedule

Generous time off plan, including rollover days