Title:

Director of Finance, NJIT Foundation

 

 

Department:

Development & Alumni Relations

  

 

Reports To:

Associate VP Development & Alumni Relations

    

 

Position Summary:

The Foundation at New Jersey Institute of Technology is seeking a strategic, mission-driven Director of Finance to lead the financial strategy and operations for a dynamic, student-focused nonprofit organization. As a key member of the Foundation’s leadership team, the Director will be a trusted advisor to the President of the Foundation, Senior Vice President for Finance and Chief Financial Officer of the University, Foundation Board of Directors, and senior staff—ensuring financial integrity, operational excellence, and sustainable growth while aligning resources to advance the Foundation’s mission.

Essential Functions:

Financial Management & Reporting:

• Lead financial oversight of the annual $1M+ operating budget of the Foundation.
• Prepare and present financial reports to executive leadership, the board of directors, and external stakeholders. Ensure financial transparency and clarity to support data-driven decision-making.
• Develop and maintain sophisticated financial models to evaluate strategic initiatives, fundraising campaigns, impacts to the endowment portfolio, and long-term operational sustainability.
• Develop multi-year financial projections aligned with fundraising and endowment growth strategy to ensure long-term sustainability.
• Oversee development and maintenance of strong internal controls and adherence to financial reporting practices and all applicable federal and state regulations.
• Serve as the primary financial liaison between University Finance staff and leadership to understand the financial position of the Foundation as it relates to the University as a whole.

External Relations & Fundraising Support:

• Partner with Development and Advancement teams to evaluate complex gifts, manage donor-advised funds, and communicate financial impact.
• Lead coordination of the annual audit and preparation of the IRS Form 990, and ensure compliance with all federal, state, and local regulations, GAAP, GASB, IRS, and nonprofit accounting standards.
• Provide oversight of an endowment and investment portfolio in collaboration with the Investment Committee and OCIO.
• Develop and maintain a working knowledge of foundations, pooled asset investments, charitable giving opportunities and strategies, and structured noncash donations.
• Manage third-party vendor relationships and contract negotiations.
• May supervise staff as assigned.
• Support executive leadership in evaluating complex gifts and assets.
• Help craft compelling financial narratives for fundraising and strategic initiatives.
• Act as a visible ambassador of the Foundation’s mission.

Prerequisite Qualifications:

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field.
• At least 6+ years of progressive financial leadership experience, ideally within a nonprofit, foundation, or similarly complex environment.
• Demonstrated success in developing financial strategies and managing organizational change.
• Strong leadership, interpersonal, and communication skills with the ability to engage non-financial stakeholders.
• Excellent judgment, organization, and communication; ability to manage multiple deadlines and stakeholders.

Preferred Qualifications

• Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), and/or Master’s degree (MBA, MPA, or similar).
• Familiarity with foundations, donor-advised funds, and philanthropic finance structures.
• Experience with board members, external auditors, compliance management, and regulatory oversight.

Compensation:

$105,000-$110,000

 

At the university's discretion, the education and experience prerequisites may be exempted where the candidate can demonstrate to the satisfaction of the university an equivalent combination of education and experience specifically preparing the candidate for success in the position.

        

 

Range:

Non-Aligned -10

        

 

NJIT considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as, market and organizational considerations when extending an offer. This pay range represents base pay only and excludes any additional items such as incentives, bonuses, or other items.

 

 

FLSA:

Exempt

        

 

Time Type:

Full time

        

 

Pay Rate:

Salary

        

 

Additional Information:

As an EEO employer NJIT is committed to building a diverse and inclusive teaching, research, and working environment and strongly encourages applications from individuals with disabilities, minorities, veterans, and women.

Employment at NJIT is subject to the provisions of New Jersey First Act which mandates new employees, who are not NJ residents, to establish primary residence in New Jersey within one year of their appointment to certain positions. The law does not apply to any individual employed at NJIT on a temporary or per semester basis as a visiting or adjunct professor, teacher, lecturer, researcher or administrator. For more information on the act please click here.

If special accommodations are needed in applying for a position, please visit the Department of Human Resources located in Fenster Hall, 5th Floor, University Heights, Newark, NJ 07102 or call (973) 596-3140. If you have questions, please email the Human Resources Department at [email protected].

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