Chief Financial Officer

Overview

Join the NJEDA and help lead New Jersey to sustainable economic growth, fostering equitable opportunities and vibrant communities. We offer hybrid work, a supportive culture, and robust benefits, including health insurance, retirement plans, and extensive wellness programs. Make a tangible impact and shape New Jersey's future with innovative economic development at NJEDA.

The Chief Financial Officer (CFO) has overall responsibility for strategic planning and implementation of the financial sustainability of the NJEDA. The CFO also develops an annual fiscal plan to support the EDA’s operating plan and prepares financial projections that are presented to Executive Leadership, Audit Committee, and Board of Directors for consideration and approval. The CFO oversees the finance organization which includes two departments:
Accounting & Financial Reporting and Finance, responsible for all aspects of financial accounting, reporting, budgeting, financial operations, FP&A, treasury services, investment management, capital debt financing, state appropriation management, external reporting, and external audit. Drives the development and performance of the finance organization to partner effectively throughout the organization, delivering excellent, proactive, customer-oriented information, analysis, and services. Continuously evaluates and improves the finance function (people, process, and systems) and applies technology to maximize performance to support NJEDA’s mission.

$184,450 - $195,300

• Develop and implement financial management strategies and practices aligned with the broader organizational strategy and growth objectives
• Provide finance support to strategic initiatives and organizational needs. Continually assess financial strategies and policies to ensure they remain compliant with regulatory, operational, and legal changes.
• Enable cross-functional division and department-level decision making through relevant financial reporting and informative dashboards
• Ensure strong internal controls are in place through cash management and investment policies
• Partner with NJ Treasury - Office of Management & Budget and NJEDA executive management to coordinate annual budget appropriation requests and provide updates on existing funding status, spending, and outcomes
• Oversee the annual audit and ongoing controls of the organization. Manage communications and interaction with external auditors and oversee the production of financial statements and tax documents.
• Manage key contracts with external partners for auditing, actuarial, investment, and banking services
• Responsible for maintaining the Audit Committee Charter and ensuring compliance with its requirements
• Ensure departmental practices and processes are in compliance with NJEDA policies and guidelines and are consistently applied
• Lead, attract, manage, motivate, develop, and retain high performing talent/teams. Promote teamwork and communication to encourage an interactive, cooperative, collaborative, and customer-focused work environment among divisions, staff, and external customers.
• Create succession and development plans for all finance staff to ensure continuity of service and encourage employee growth.

• Serve as inter-departmental team leader/executive sponsor for financial driven special projects, and contribute to the solution of management, legal, or financial issues from an institutional perspective
• Oversee management of financial systems, including the periodic update, enhancement, or replacement of such systems
• Drive continuous improvement of the finance function with the assistance of project managers and finance staff
• Partner with other business units that manage systems that integrate with or have dependencies on the financial systems
• Evaluate current and proposed enhancements for financial review programs to support the management of NJEDA projects by performing:
  • Cash flow modeling
  • Financial information review
  • Operating expenditure and cost allocation review
  • Contract administration
  • Federal and State financial compliance
  • Review and processing of reimbursement requests