Director of Finance, NJIT Foundation

Director of Finance, NJIT Foundation Department: SVP Advancement Reports To: Associate VP Development & Alumni Relations Position Type: Staff Position Summary The Foundation at New Jersey Institute of Technology seeks 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, the 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 to ensure transparency and support data‑driven decision‑making. Develop and maintain sophisticated financial models to evaluate strategic initiatives, fundraising campaigns, impact 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, ensuring 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. At the university’s discretion, the education and experience prerequisites may be exempted where the candidate can demonstrate an equivalent combination of education and experience specifically preparing them for success in the position. 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. Bargaining Unit Non‑Aligned Range/Band 10 Salary Information In compliance with the NJ Pay Transparency Law, the annual salary range for this position is $105,000.00‑$110,000.00 (USD). NJIT considers factors such as 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, Full‑Time EEO Statement New Jersey Institute of Technology (NJIT) is an Equal Employment Opportunity (EEO) employer committed to fostering a diverse, equitable, and inclusive environment across our teaching, research, and workplace communities. NJIT does not discriminate on the basis of race, color, national origin, sex, sexual orientation, gender identity or expression, disability, age, religion, ancestry, genetic information, military or veteran status, or any other characteristic protected by law. We strongly encourage applications from women, minorities, individuals with disabilities, and veterans, and are dedicated to ensuring access, equal opportunity, and reasonable accommodations for individuals with disabilities in all employment, programs, services, and activities. #J-18808-Ljbffr