Chief Financial Officer

About the role

The Chief Financial Officer (CFO) at NJEDA is responsible for the financial sustainability of the organization, overseeing the finance organization which includes Accounting & Financial Reporting and Finance departments. Key responsibilities include developing and implementing financial strategies, providing support to strategic initiatives, ensuring compliance with regulatory and legal changes, and managing the finance function.

Responsibilities

• 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
• 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
• 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
• 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
• Drive continuous improvement of the finance function with the assistance of project managers and finance staff
• Evaluate current and proposed enhancements for financial review programs to support the management of NJEDA projects
• Monitor and report on the revenue goals and expense targets of the annual and long-term strategic plans
• Collaborate with NJEDA business units to manage, report, and analyze the institution's investment portfolio, investment policy & OPEB trust
• Identify, review, and report on areas of potential institutional risk and propose mitigations

Qualifications

• 10+ years of progressive finance experience in a governmental, financial services, nonprofit, or similar environment
• 5 years management/supervisory experience, including 3 years as a CFO
• NJ State government experience preferred
• Proficiency in managing government grants and appropriations
• Strong early career finance training and foundational experience in a best-in-class finance organization (including public accounting firms and/or respected corporate finance training programs) preferred
• BS in Accounting/Finance/Economics required; MBA is highly preferred
• Advanced Microsoft Excel proficiency

Skills and Qualifications

• Working knowledge of both GAAP, GASB, and financial modelling
• Thorough knowledge of budgeting, analysis, financial modeling, cash and investment management, financial accounting, and financial systems/data
• Experience in planning, implementing, and testing new and upgraded solutions in a cloud-based, client-server, and PC-based environment
• Knowledge of general ledger systems and modules, including accounts payable, accounts receivable, fixed assets, and other sub-ledger systems; financial reporting software; and financial workflows
• Knowledge of loan management and banking payment systems is helpful and preferred

Benefits

Robust benefits including health insurance, retirement plans, and extensive wellness programs are offered. The position offers a competitive salary range of $184,450-$195,300.