Chief Financial Officer

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Full Time Senior Management Lawrenceville, NJ, US

8 days ago Requisition

Salary Range: $ To $ Annually

The New Jersey Infrastructure Bank (I-Bank) is an independent State financing authority that plays a central role in advancing critical infrastructure investment throughout New Jersey. Working in partnership with State agencies, the I-Bank provides cost-effective financing to local governments and other eligible entities for water, transportation, and resilience projects that protect public health, strengthen communities, and support the State’s long-term economic vitality.

The I-Bank funds approximately $900 million (100-130 projects) of projects annually and manages a portfolio of approximately 1,500 loans equaling more than $5 billion. Through its financing programs, the I-Bank manages significant public funds, supports complex infrastructure endeavors, and helps deliver projects that improve drinking water systems, protect environmental resources, enhance transportation safety and mobility, and strengthen resilience across the State.

The New Jersey Infrastructure Bank (I-Bank) is seeking an experienced financial executive to serve as its Chief Financial Officer (CFO). Reporting to the Executive Director, the CFO serves as the I-Bank’s senior financial executive and provides strategic leadership for the I-Bank’s finance, accounting / financial reporting, budgeting, cash and investment management, audit, credit-risk, and debt-financing functions.

The CFO serves as principal advisor to the Executive Director and senior leadership on financial strategy and works closely with State and federal partners, borrowers, financial institutions, rating agencies, auditors, and professional advisors.

The CFO also plays a key role in modernizing financial systems and processes, including financial reporting and budgeting, and advancing the structure and administration of the I-Bank’s financing programs.

The ideal candidate is an accomplished financial executive and an effective change leader who can oversee the I-Bank’s core accounting and public finance responsibilities while modernizing financial systems and processes, optimizing the structure and administration of the I-Bank’s financing programs, and building sustainable procedures and reporting practices.

• Partner with the Executive Director and senior leadership peers to advance the financial and operational objectives of the I-Bank’s lending programs, including:
• Participating in the development and review of proposed financial, legal, operational, and compliance program changes;
• Establishing and enhancing finance-related policies, procedures, and standard operating procedures (SOPs) to strengthen consistency, accountability, internal controls, and the retention of institutional knowledge; and
• Providing financial leadership in the evaluation and development of program structures, financing strategies, and strategic initiatives.

• Lead the I-Bank’s accounting and financial reporting functions, ensuring accurate, timely, and reliable financial information and appropriate internal controls
• Lead the transition from legacy systems, including Microsoft Access-based processes, to modern financial and data-management solutions
• Evaluate and improve accounting processes, workflows, and controls to increase efficiency, accuracy, transparency, and scalability
• Identify and implement appropriate technology, applications, and professional services to modernize financial…