Overview:
Job Summary
EDA Overview
- Join the NJEDA and help lead New Jersey to sustainable economic growth, fostering equitable opportunities and vibrant communities. We offer hybrid work, a supportive culture, and robust benefits, including health insurance, retirement plans, and extensive wellness programs. Make a tangible impact and shape New Jersey's future with innovative economic development at NJEDA.
Job Overview
- The Special Advisor to the CEO - Project Finance, serves as a part time senior strategic resource to the Chief Executive Officer on matters related to the New Jersey Economic Development Authority's (NJEDA) tax incentive programs and other real estate
- The Special Advisor operates at the intersection of policy, finance, and, in a more limited way, stakeholder management—providing independent analysis and recommendations to the CEO on edge cases that require nuanced judgment beyond standard project evaluation and underwriting procedures. This individual must balance rigorous analytical review of applicant and Authority work product with collaborative relationship-building, maintaining the confidence of internal teams while ensuring the Authority's incentive programs are administered with appropriate scrutiny and consistency.
- This position requires specific technical expertise in NJEDA tax credit programs, project finance, and institutional knowledge to evaluate complex, novel, or first-impression policy questions that arise in the administration of the Authority's incentive portfolio.
$90,000 - $100,000
Note: The NJEDA currently offers a hybrid work schedule for up to 2 days of telecommute work from home. To participate, you will be required to have high speed home internet access and a managers approval. This program does not supersede the "New Jersey First Act", which requires newly hired NJEDA employees to establish and then maintain, principal residence in the State of New Jersey.
Responsibilities:
Daily Tasks and Responsibilities:
- Assist staff with the creation of evaluation frameworks for novel tax incentive programs/program components.
- Provide independent evaluation and recommendations to the CEO on tax credit applications that fall outside the ordinary course of applications, including novel requests, first-impression policy questions, and applications involving unusual capital structures or subsidy requests. Identify potential precedent-setting implications and ensure consistency with statutory intent and Authority policy.
- Analyze requests from tax credit applicants seeking subsidies or interpretations that may exceed program parameters or standard practice. Conduct rigorous financial and policy analysis to determine whether requests are justified, permissible under program rules, and aligned with the Authority's economic development objectives.
- Work together with EDA teams to review internal decision-making processes, ensuring that staff feel confident when evaluating novel or complex applications.
- Evaluate complex pro formas and capital structures, particularly from real estate developers and projects with layered financing involving multiple funding sources (tax credits, debt, equity, grants, etc.). Assess financial feasibility, subsidy sizing, and appropriate Authority participation levels. Identify red flags or unsupported assumptions in applicant projections.
- Recommend policy clarifications, procedural improvements, or programmatic adjustments to the CEO. Help codify precedents from edge cases into guidance that can inform future decisions and reduce ambiguity in program administration.
- In consultation with New Jersey Treasury, develop and analyze ways to increase the value of State tax credits for the buyer, NJEDA, and the State (higher cents on the dollar). This includes bringing down the cost, or eliminating the need, for bridge loans.
Collaboration and Cross-Divisional Interaction:
- Work closely and constructively with Authority staff across multiple departments including tax incentive administration, underwriting, legal counsel, and executive leadership. Build credibility and trust with teams by demonstrating technical competence, institutional respect, and a solutions-oriented approach. Serve as a bridge between the CEO's office, program, and operational staff.
Reporting Structure:
- This position reports directly to the Chief Executive Officer of the New Jersey Economic Development Authority.
- Must complete annual self-assessment as required.
- Performs other duties and special projects, as assigned.
Qualifications:
Skills and Qualifications
Technical Skills:
- Comprehensive knowledge of NJEDA tax incentive programs, including program structures, statutory frameworks, underwriting standards, and administrative processes
- Expertise in project finance and financial modeling, with demonstrated ability to analyze complex capital stacks, pro formas, and development budgets
Soft Skills:
- Strong analytical and critical thinking skills, with the ability to identify issues, evaluate competing arguments, and make sound recommendations on matters of first impression
- Exceptional interpersonal and stakeholder management skills, including the ability to work collaboratively with internal teams, earn trust across organizational levels, and provide constructive challenge without creating defensiveness
- Understanding of public sector economic development policy, including the balance between catalyzing private investment and ensuring appropriate use of public resources
- Excellent written and verbal communication skills, with the ability to distill complex financial and policy issues into clear, actionable recommendations for executive decision-making
- Sound judgment and discretion in handling sensitive matters involving applicants, internal deliberations, and policy development
- Skill in influencing without authority, building consensus, and maintaining positive working relationships while upholding high standards.
Experience:
- At least 10+ years of industry related experience; prior experience working within or closely with the NJEDA, particularly in tax incentive program administration, underwriting, or policy roles
- Background in real estate development finance, particularly affordable housing or mixed-use projects with complex capital structures
- Legal, accounting, or public policy credentials relevant to economic development or public finance
- Experience working in senior advisory or chief-of-staff roles supporting executive leadership
- Familiarity with New Jersey's economic development landscape, including key industries, geographic priorities, and stakeholder ecosystem
- Advanced degree may be substituted for 1 year of experience
Education:
- Bachelor's degree in related field; Master’s degree preferred
Software/Tools Proficiency:
- NJEDA utilizes Microsoft as the core application platform and proficiency in the Microsoft Office Suite is preferred.
Additional Information
- Minimal physical demands and ability to work out normal business hours
- Travel expected when necessary for business operations
Certificates and Licenses Required
- Staff are required to possess a driver's license valid in New Jersey only if the operation of a vehicle, rather than employee mobility, is necessary to perform the essentials duties of the position.
Note
The examples of work for this title are for illustrative purposes only. A particular position using this title may not perform all duties listed in this job description. Conversely, all duties performed on the job may not be listed. This job description is intended to convey information essential to understanding the scope, general nature and level of work performed by job holders within this job. This job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.
Your employment at NJEDA is voluntary and subject to termination by you or NJEDA at will, with or without cause, or with or without notice, at any time. Nothing in this job description shall be interpreted to conflict, eliminate or modify the employment-at-will status of NJEDA employees.
This position is considered exempt and is excluded from minimum wage, overtime regulations, and other rights and protections afforded nonexempt workers under the FLSA.
NJEDA reserves the right to amend/revise this job description as necessary to meet current and changing business needs.
NJ SAME Program
In accordance with P.L. 2021, c. 465 and P.L. 2021, 466, the SAME program was established to enable New Jersey State agencies to hire, promote, retain, and advance qualified individuals whose physical or mental impairments impact their abilities to participate in the hiring and promotion process for non-competitive and unclassified titles within the State workforce.
The SAME program allows candidates, who identify as having a significant disability, to apply for non-competitive and unclassified positions through a fast track hiring process. This program uses a fast-track process that permits people who are eligible for the program to request that the State appointing authority schedule with them a good faith interview. For more information about the SAME program and the Fast Track Hiring program, please Click Here. If you have any questions, please email, or call the contact as indicated on the job vacancy announcement.
This posting open to eligible applicants regardless of SAME eligibility.
Equal Opportunity Employer
Position Requirements
Foreign degrees/transcripts must be evaluated by a reputable evaluation service at your own expense and must be submitted prior to a start date. If this cannot be provided within 21 days of an offer the offer will be rescinded.- Must comply with the “New Jersey First Act” which requires employees hired after September 1, 2011, to reside in New Jersey. Non-New Jersey resident employees must relocate to New Jersey within one year of their date of hire and provide proof of residency to Human Resources.
- Must complete an Outside Activity Questionnaire (disclosure of outside office or employment) on an annual basis.
- Must review the required NJ State Ethics Guidelines found on the state website.
- Selected candidates must be authorized to work in the United States per the Department of Homeland Security, United States Citizenship and Immigration Services regulations. Note: The State of New Jersey does not provide sponsorship for citizenship to the United States.
