Chief Financial Officer

PRM Consulting Group, Inc. • Full-time • Trenton, NJ, US • 1d ago

PRM Consulting Group is conducting an executive search for a Chief Financial Officer (Executive I) on Behalf on the Police and Firemen's Retirement System of New Jersey (PFRSNJ).

Police and Firemen’s Retirement System of New Jersey (PFRSNJ)

The Police and Firemen’s Retirement System of New Jersey (PFRSNJ) is seeking a seasoned financial executive to serve as its next Chief Financial Officer (CFO) — the senior financial authority and principal advisor to the Board of Trustees and Executive Director.

This is a rare opportunity to lead the full financial and compliance enterprise of a major public retirement system serving New Jersey’s police officers and firefighters — safeguarding fiscal integrity, strengthening internal controls, and shaping the financial framework that supports sustainable retirement security across the State.

The position offers a comprehensive State of New Jersey benefits package.

🔹 The Role

Reporting directly to the Executive Director and functionally to the Board of Trustees, the CFO serves as:

Principal financial and compliance advisor to the Board and Executive Director
Lead authority on pension fund accounting, internal controls, and audit oversight
Strategic architect for budgeting, financial planning, and investment compliance
Director of actuarial coordination, operational due diligence, and vendor disbursement oversight
Supervisor of internal financial and compliance staff

This position carries executive-level responsibility for financial reporting, risk management, statutory and fiduciary compliance, investment-related oversight, and internal control frameworks — all conducted with independence from the Chief Investment Officer while collaborating to support overall investment strategy.

🔹 Core Areas of Leadership

Pension Fund Accounting & Financial Operations

Oversee the full scope of pension fund accounting, cash management, reconciliations, vendor disbursements, and custodial relationships. Ensure accurate recording and reporting of financial activity in accordance with GAAP and GASB standards applicable to public retirement systems.

Budgeting & Strategic Financial Planning

Lead the development, coordination, and execution of the System’s annual operating budget, ensuring statutory compliance, fiscal accuracy, and alignment with Board priorities. Conduct scenario modeling, long-term financial planning, and risk assessments to inform strategic decision-making.

Audit & Compliance Oversight

Serve as senior executive responsible for audit preparation, coordination, and resolution of findings, including the PFRSNJ Single Audit. Oversee the Compliance Unit and operational due diligence, ensuring adherence to statutory, regulatory, and fiduciary standards across all financial and investment operations.

Actuarial & Investment Financial Oversight

Coordinate actuarial valuations, funding analyses, and experience studies. Oversee investment-related financial operations, pre-trade compliance, trade settlements, and performance reporting to safeguard financial integrity.

Executive Financial Leadership

Supervise internal financial and compliance staff, establish and enforce financial policies, and manage key vendor relationships. Develop frameworks for risk management, internal controls, document retention, and operational efficiency.

🔹 Required Qualifications

Master’s degree in Accounting, Finance, Business Administration, or related field
Minimum 10 years of progressively responsible experience in public retirement system finance, accounting, or compliance, including pension fund operations, audits, and investment oversight
CPA, CFA, or equivalent professional certification

🔹 Preferred Experience

Direct experience with public pension systems, investment custodians, actuaries, and compliance programs
Proven leadership in financial planning, internal controls, and audit oversight
Experience providing executive-level financial advice to boards and senior leadership

🔹 Why This Role Matters

This is more than a chief financial officer position. It is a leadership role at the intersection of fiduciary stewardship, financial integrity, and public accountability.

The Chief Financial Officer ensures that the retirement promises made to New Jersey’s police officers and firefighters are managed with independence, precision, and transparency.

If you are a strategic financial leader with deep public sector experience and a commitment to prudent, principled financial stewardship, we invite you to apply.

Foreign Degrees:

Degrees and/or transcripts issued by a college or university outside of the United States must be evaluated for accreditation by a reputable evaluation service at your expense and must be included in your application submission by the closing date.

Residency:

In accordance with the New Jersey First Act, P.L. 2011, c.70, requires all employees to reside in the State of New Jersey, unless otherwise exempted under the law. If you do not live in New Jersey, you have one year from the date of appointment to relocate and maintain residence in New Jersey. For more information, visit: https://nj.gov/labor/lwdhome/njfirst/NJFirst.html.

Work Authorization:

Selected candidates must be authorized to work within the United States in accordance with United States Citizenship and Immigration Services and the Department of Homeland Security regulations.

The State of New Jersey does not permit nor provide sponsorships. Individuals on student visas such as F1, J1, CPT, OPT, CPT, and H1B visas are not eligible for employment.

Executive I | Reports to the Executive Director | Senior Advisor to the Board of Trustees

PFRSNJ is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other status protected by applicable federal law. This posting is an announcement of a vacant position under recruitment. It is not intended to replace the official job description. Job descriptions are available upon confirmation of an interview.