Chief Financial Officer (CFO)

Newark, NJ (Hybrid - 3 to 4 Days In Office)
Compensation: Competitive / Commensurate with Experience
Public Sector / Economic Development / Nonprofit

About the Organization

A mission-driven economic development organization working in close partnership with municipal and public sector agencies to advance equitable economic prosperity in Newark. Operating at the intersection of public finance, economic development policy, and community investment, the organization manages a diverse portfolio of initiatives with an annual operating budget exceeding $10 million.

The Opportunity

We are seeking a strategic and experienced Chief Financial Officer (CFO) to serve as the organization’s senior financial executive. This is a highly visible leadership role responsible for financial stewardship, governance, compliance, and operational oversight within a public-sector or quasi-governmental environment.

The CFO will serve as a key advisor to the President & CEO, supervise a team of 3–4 professionals, and act as Treasurer to the Board of Directors.

Key ResponsibilitiesFinancial Leadership

Lead budgeting, forecasting, treasury, and cash management functions
Oversee stewardship of public, grant, and restricted funds
Ensure transparent financial reporting to the Board, funders, and public agencies
Develop long-range financial models and scenario analyses

Governance & Compliance

Serve as liaison to external auditors
Oversee audits, tax filings, and financial statements
Ensure compliance with federal, state, and local regulations
Support Board and audit committee functions

Capital & Fund Management

Oversee structuring and financing of real estate and economic development initiatives
Manage investment portfolios and capital allocation
Maintain relationships with government finance entities and lending institutions

Operations & IT Oversight

Supervise finance and operations team
Oversee office operations and vendor management
Provide executive oversight of IT strategy, budgeting, and cybersecurity compliance

Ideal Candidate Qualifications

Bachelor’s degree in Finance, Accounting, Economics, or related field (CPA, MBA, or CFA preferred)
Experience in public, nonprofit, or quasi-public financial leadership roles
Experience managing budgets of $10M+
Strong knowledge of grant accounting, public-sector compliance, and fund management
Experience working with Boards of Directors
Proven people leadership experience
Strong communication skills and comfort engaging public officials and stakeholders
Commitment to public service, equity, and community impact

Why This Role is Compelling

Executive oversight of a $10M+ public-impact organization
Opportunity to influence economic development strategy
Direct partnership with civic and government leaders
Hybrid work schedule (3–4 days onsite)
Competitive benefits including medical, dental, vision, 403(b) with employer match, and generous PTO

Job Type: Full-time

Pay: $170,000.00 - $180,000.00 per year

Benefits:

Dental insurance
Health insurance
Paid time off
Vision insurance

Ability to Commute:

Newark, NJ 07102 (Required)

Work Location: Hybrid remote in Newark, NJ 07102

Workonomics

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Chief Financial Officer