DIRECTOR, OFFICE OF FINANCIAL MANAGEMENT
Career Family: DIRECTOR
Director, Office of Financial Management falls in New Jersey's unclassified service: an appointing authority hires for it directly, without a civil service exam.
It lists a master's degree as the baseline, with an experience-based path open to those who do not hold the degree. State payroll lists a single employee in the title, at Treasury.
How to get hired
- Director, Office of Financial Management is an unclassified title. It is filled by appointment rather than by examination, and it sits outside civil service tenure protection.
- Openings are made directly by the appointing authority, usually a department head, board, or elected official.
- Salary for unclassified roles is often set individually, so the published range is a guide rather than a fixed grade.
Read the official specification at NJ Civil Service Commission.
Who employs this title
State payroll records show 1 person working under this title. The median actual salary is $189,750. The agencies employing the most are:
- Treasury (1)
Counts from NJ YourMoney agency payroll. See statewide workforce analytics.
Official job specification
The text below is the official specification published by the New Jersey Civil Service Commission. The plain-language summary and analysis above are derived from it by NJ Civil Service Navigator.
Examples of work
- Establishes the mission and near-term objectives for the Office of Financial Management and the Public Finance, Cash Management, Escheats and Debt Service, and Receivables Management units in OFM.
- Develops policies, strategies, and procedures for the Public Finance, Cash Management, Escheats and Debt Service, and Receivables Management units in OFM.
- Manages the work operations and/or functional programs and has responsibility for employee evaluations and for effectively recommending the hiring, firing, promoting, demoting and/or disciplining of employees.
- Directs and is responsible for the planning, budgeting, organization, evaluation and administration of OFM programs, activities and staff.
- Develops periodic planning documents, budget and reports on past performance and current status of the State's financial programs reflecting OFM's mission and near-term objectives.
- Directs the preparation of reports and supervises the maintenance of files.
- Directs the administration of general obligation bond sales for new project and refunding purposes and issuance of certificates of participation to finance equipment purchases.
- Directs the coordination of financing activities with bond counsel, financial advisors, rating agencies, State departments and State Trusts and authorities.
- Acts as financial advisor to the State Treasurer by reviewing proposed legislation of the State's authorities, and the maintenance of the State's sound financial rating, and evaluating State financing needs.
- Directs the provision of financial services to certain State trusts and authorities, including administration of bond sales, coordination of financial activities, and development of monitoring, evaluation and accounting procedures, mechanisms and controls.
- Directs State cash management, assuring that the State has adequate cash to meet daily obligations; apprises the Division of Investment of surplus cash available on a daily basis.
- Directs the development of new cash mobilization and cash management techniques, responding to changing department needs.
- Directs the procurement of commercial banking services by developing specifications, soliciting and evaluating proposals, and monitors performance.
- Oversees the State's Escheats Programs, develops Escheat Audit Policy and strategy to ensure property holders comply with the State's escheat laws and that the State maintains a viable program to locate owners of unclaimed property.
- Directs activities ensuring timely and accurate payment of the State's General obligation debt, reconciling principal and interest payments to holders of State Obligations.
- Manages the recording, reporting, collection and/or write-off of the State's non-tax receivables by developing strategies in each area and establishing and administering policies and procedures in the receivables cycle.
- Directs the development of accounting procedures and financial control systems for receivables management, debt service, escheats management, and cash management.
- May be required to learn to utilize various types of electronic and/or manual recording and information systems used by the agency, office or related units.
- <b>REQUIREMENTS
- EDUCATION</b>
- Graduation from an accredited college with a Bachelor's degree.
Experience
Eight years of experience in the administration of a State, Federal or private financial management program, which shall have included responsibility in public finance and responsibility for financial, operations, cash management and debt service programs, including five years in a supervisory capacity.
Applicants who do not possess the required education may substitute experience as indicated above on a year for year basis.
A Master's Degree in finance may be substituted for one year of the indicated non-supervisory experience.
License
Appointee will be required to possess a driver's license valid in New Jersey only if the operation of a vehicle, rather than employee nobility, is necessary to perform the essential duties of the position.
Knowledge, skills and abilities
- Ability to learn to utilize various types of electronic and/or manual recording and information systems used by the agency, office or related units.
- Ability to read, write, speak, understand, or communicate in English sufficiently to perform the duties of this position. American Sign Language or braille may also be considered as acceptable forms of communication.
- Persons with mental or physical disabilities are eligible as long as they can perform the essential functions of the job after reasonable accommodation is made to their known limitations. If the accommodation cannot be made because it would cause the employer undue hardship, such persons may not be eligible.