Director of Finance, NJIT Foundation

Essential Functions

• Lead financial oversight of the annual $1M+ operating budget of the Foundation.
• Prepare and present financial reports to executive leadership, the board of directors, and external stakeholders.
• Ensure financial transparency and clarity to support data-driven decision-making.
• Develop and maintain sophisticated financial models to evaluate strategic initiatives, fundraising campaigns, impacts to the endowment portfolio, and long-term operational sustainability.
• Develop multi-year financial projections aligned with fundraising and endowment growth strategy to ensure long-term sustainability.
• Oversee development and maintenance of strong internal controls and adherence to financial reporting practices and all applicable federal and state regulations.
• Serve as the primary financial liaison between University Finance staff and leadership to understand the financial position of the Foundation as it relates to the University as a whole.
• Partner with Development and Advancement teams to evaluate complex gifts, manage donor-advised funds, and communicate financial impact.
• Lead coordination of the annual audit and preparation of the IRS Form 990, and ensure compliance with all federal, state, and local regulations, GAAP, GASB, IRS, and nonprofit accounting standards.
• Provide oversight of an endowment and investment portfolio in collaboration with the Investment Committee and OCIO.
• Develop and maintain a working knowledge of foundations, pooled asset investments, charitable giving opportunities and strategies, and structured noncash donations.
• Manage third-party vendor relationships and contract negotiations.
• May supervise staff as assigned.
• Support executive leadership in evaluating complex gifts and assets.
• Help craft compelling financial narratives for fundraising and strategic initiatives.
• Act as a visible ambassador of the Foundation’s mission.

  Prerequisite Qualifications

  • Bachelor’s degree in Accounting, Finance, Business Administration, or related field.
  • At least 6+ years of progressive financial leadership experience, ideally within a nonprofit, foundation, or similarly complex environment.
  • Demonstrated success in developing financial strategies and managing organizational change.
  • Strong leadership, interpersonal, and communication skills with the ability to engage non-financial stakeholders.

  Preferred Qualifications

  • Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), and/or Master’s degree (MBA, MPA, or similar).
  • Familiarity with foundations, donor-advised funds, and philanthropic finance structures.
  • Experience with board members, external auditors, compliance management, and regulatory oversight.

  Salary Information

  In compliance with the NJ Pay Transparency Law, the annual salary range for this position is $105,000.00-$110,000.00 (USD).

  Benefits

  To learn more about the comprehensive benefits NJIT offers for this position, please visit our benefits page: https://hr.njit.edu/health-benefits.

  FLSA

  Exempt