Chief Financial Officer

Overview Job Summary EDA 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.
• This position requires an experienced finance executive who demonstrates a good mix of operational/technical finance management, strategic financial leadership/partnership, and the ability to stay close to the details while also contributing at a broad level.

Salary Range- $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

• 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

• Partner with NJEDA business units to monitor progression and reporting related to the revenue goals and expense targets of the annual and long-term strategic plans
• Provide expert consultation with executive management and product owners on appropriateness of finance fee revenue levels to support ongoing operations to encourage NJEDA’s continued financial sustainability

• Ensure that revenue streams are budgeted, monitored, and tracked by creating and regularly…