Special Advisor to CEO Project Finance

Special Advisor to the CEO Project Finance

US-NJ-Trenton

Job :

Type: Regular Part-Time

# of Openings: 1

Category: Executive

NJEDA

• 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.

• 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 Special Advisor to the CEO - Project Finance, serves as a part time senior strategic resource to the Chief Executive Officer on matters related to the New Jersey Economic Development Authority's (NJEDA) tax incentive programs and other real estate
• The Special Advisor operates at the intersection of policy, finance, and, in a more limited way, stakeholder management—providing independent analysis and recommendations to the CEO on edge cases that require nuanced judgment beyond standard project evaluation and underwriting procedures. This individual must balance rigorous analytical review of applicant and Authority work product with collaborative relationship-building, maintaining the confidence of internal teams while ensuring the Authority's incentive programs are administered with appropriate scrutiny and consistency.
• This position requires specific technical expertise in NJEDA tax credit programs, project finance, and institutional knowledge to evaluate complex, novel, or first-impression policy questions that arise in the administration of the Authority's incentive portfolio.

Salary: $90,000 - $100,000

Note: The NJEDA currently offers a hybrid work schedule for up to 2 days of telecommute work from home. To participate, you will be required to have high speed home internet access and a managers approval. This program does not supersede the "New Jersey First Act", which requires newly hired NJEDA employees to establish and then maintain a principal residence in the State of New Jersey.

• Assist staff with the creation of evaluation frameworks for novel tax incentive programs/program components.
• Provide independent evaluation and recommendations to the CEO on tax credit applications that fall outside the ordinary course of applications, including novel requests, first-impression policy questions, and applications involving unusual capital structures or subsidy requests. Identify potential precedent-setting implications and ensure consistency with statutory intent and Authority policy.
• Analyze requests from tax credit applicants seeking subsidies or interpretations that may exceed program parameters or standard practice. Conduct rigorous financial and policy analysis to determine whether requests are justified, permissible under program rules, and aligned with the Authority's economic development objectives.
• Work together with EDA teams to review internal decision-making processes, ensuring that staff feel confident when evaluating novel or complex applications.
• Evaluate complex pro formas and capital structures, particularly from real estate developers and projects with layered financing involving multiple funding sources (tax credits, debt, equity, grants, etc.). Assess financial feasibility, subsidy sizing, and appropriate Authority participation levels. Identify red flags or unsupported assumptions in applicant projections.
• Recommend policy clarifications, procedural improvements, or programmatic adjustments to the CEO. Help codify precedents from edge cases into guidance that can inform future decisions and reduce ambiguity in program administration.
• In consultation with New Jersey Treasury, develop and analyze ways to increase the value of…