Director of Finance Location Trenton, NJ Job Code 745 Apply Now (https://phh.tbe.taleo.net/phh03/ats/careers/v2/applyRequisition?org=NEWJERSH2&cws=40&rid=745) NOTICE OF VACANCY THE EXECUTIVE DIRECTOR OF THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY INVITES APPLICATIONS FROM QUALIFIED CANDIDATES FOR THE FOLLOWING: Job Title: Director of Finance Salary Range: 16 ($97,432 - $169,597) Division: Finance FL Status: Exempt Issue Date: 10/8/24 Closing Date: 12/10/24 Union Status: Non-Union, Exempt Employment Status: Full time JOB DESCRIPTION Under the supervision of the Chief Financial Officer, manage the overall accounting activities of the HMFA; plan, organize and direct the activities of the division; ensure that HMFA funds are monitored and invested according to HMFA policy and bond resolutions; maintain financial records; oversee the processing of contract and vendor payments; perform related duties as required. JOB RESPONSIBILITIES + Plan, organize and direct the activities of the division's operating units. Provide general supervision to subordinate staff; assign and instruct subordinates on work and performance. Review work for completeness, accuracy and compliance with generally accepted accounting principles. + Prepare quarterly and annual financial statements in accordance with Government Accounting Standards Board (GASB) pronouncements and Generally Accepted Accounting Principles (GAAP). Coordinate with external auditors on the annual financial audit and other compliance audits. + Plan and coordinate the development and implementation of administrative policies relative to the daily operation of the Division. Confer with managers to ensure the efficiency of programs. + Participate in bond financing working groups. Provide technical and administrative support to the division on bond resolutions, HMFA goals, policies and procedures. + Safeguard and utilize HMFA assets. Verify and monitor the adequacy of all reserves and required investment balances. Ensure that all funds are reconciled and invested per HMFA policy, bond resolutions and arbitrage certificates, consistent with the use of funds and projected financial market conditions. + Preparation of reports used for presentation to the Board of Directors. + Oversees and reviews the maintenance of financial records for the General Fund and Bond Resolutions, including multifamily and single-family mortgage accounting. Coordinate the administration of Federal Funds received for various programs and subsidies. + Direct the collection, analysis, and interpretation of information relevant to program planning and budget preparation. + Recommend establishing or revising administrative policies and develop Divisional structure and performance standards. + Promote working relationships with other Divisions and relevant external groups. + Perform special assignments for the Executive Director or other members of the Executive team as requested. MINIMUM REQUIREMENTS Education / Experience: Four (4) year degree in Accounting or Finance; extensive experience in accounting and financing; minimum of eight (8) years of supervisory experience; or an equivalent combination of education and experience that meets the required knowledge, skills and abilities. Performance as a specialist for planning, coordinating and performing a recognized administrative function. Work is assigned in terms of broad, general objectives. Completed work is reviewed only to ensure the attainment of objectives and compliance with HMFA policies and procedures. Skills: + Thorough knowledge of Government Accounting Standards Board (GASB) pronouncements and Generally Accepted Accounting Principles (GAAP). + Thorough knowledge of the principles and practices of housing finance mechanisms. + Knowledge of financial statement preparation, bond documents, capital budgeting and mortgage accounting. + Knowledge and understanding of tax laws affecting HMFA issuances, principles and practices of the financial market with respect to HMFA issuances and investments. + Ability to learn specialized housing finance-specific accounting software and knowledge of spreadsheets + Ability to effectively plan, develop and implement comprehensive administrative programs. + Ability to analyze budgets and financial statements. + Ability to accomplish multiple assignments simultaneously. + Ability to plan, organize and direct the work activities of subordinate staff. + Ability to establish and maintain effective working relationships, and communicate effectively orally, in writing and to listen actively. + Ability to communicate effectively orally, in writing and to listen actively. + Ability to work collaboratively on cross-functional teams and to work effectively with all levels of internal and external organizations. + Ability to deal tactfully and diplomatically with other HMFA, State and Federal officials, HMFA employees, professional/technical groups and the general public Physical Demands: Non-physical Working Conditions: General office environment BENEFITS NJHMFA provides a comprehensive benefit package which includes: - Medical, prescription, dental, vision & long term disability - FSA & HSA - Public Service Loan Forgiveness and Tuition Reimbursement - Public Employees' Retirement System (PERS) - Deferred compensation plans - Employee assistance services (EAS) - State employee discounts program - Paid personal, sick and vacation days - Paid holidays - Partial Telework Residency in the State of New Jersey is required of all employees with an agency of the State in accordance with the New Jersey First Act, N.J.S.A. 52:14-7 (L. 2011, Chapter 70). Employees must comply with the “New Jersey First Act” which requires employees hired after September 1, 2011 to reside in New Jersey. Non-New Jersey resident employees must relocate to New Jersey within one year of their date of hire and provide proof of residency to Human Resources. The NJHMFA is an Equal Opportunity Employer in compliance with all Federal, State and Local Regulations. NJHMFA provides equal employment opportunity to both individuals with veteran status and individuals with disabilities. Must complete an Outside Activity Questionnaire (disclosure of outside office or employment) on an annual basis. Back (https://phh.tbe.taleo.net/phh03/ats/careers/v2/searchResults?org=NEWJERSH2&cws=40) Share