Description
New Jersey Institute of Technology (NJIT) seeks an experienced and innovative financial leader to serve as its next Senior Vice President for Finance and Chief Financial Officer (SVP-CFO). This is a unique opportunity to shape the future of NJIT by guiding its financial strategy, supporting the implementation of a new decentralized budget model, and aligning resources with the ambitious goals of the NJIT Strategic Plan 2030. Applications, inquiries, and nominations are invited.
NJIT is the leading producer of technological talent and knowledge in New Jersey and is a nexus of innovation — a physical and intellectual focal point for innovative ideas, actions, and people. The Wall Street Journal ranks NJIT No. 26 nationally for alumni salaries, No. 30 for upward mobility and No. 50 for value. NJIT also is among the top 100 universities nationally for alumni earnings, according to Payscale, and is ranked No. 27 in the U.S. by The Princeton Review as a Best Value College, in addition to being rated among the top 50 public national universities and top 100 overall by U.S. News & World Report. NJIT also is the only university in the country that is designated by the Carnegie Classification as a top tier (R1) research university, a tech-focused university, and an opportunity college, which means that our students enjoy high career earnings and upward economic mobility.
With a total student body of 13,247 (fall 2024), generates a $2.8 billion annual economic impact in New Jersey and ranks as the third-highest public university in the state, according to the Wall Street Journal/College Pulse 2025 Best Colleges in the U.S. rankings.
Reporting directly to President Teik C. Lim, the SVP-CFO works collaboratively with senior academic and administrative leadership and the Board of Trustees to provide strategic advice designed to support the fiscal health and growth objectives of NJIT. The SVP-CFO will oversee a portfolio of $809 million and an endowment currently valued at $167 million. The SVP-CFO also supports and staffs the Board of Trustees' Finance and Audit Committee, Foundation Board of Directors Audit and Finance Committee, NJIT Joint Investment Committee, and the University Senate Committee on Finance.
While the new SVP-CFO must be an especially strong financial and operational leader and manager, the heart of this role lies at the strategic level as a collaborative partner and communicator within the broader university community. The successful candidate will be a thought leader who partners with the president and a strong senior leadership team in implementing an ambitious and forward-looking strategic plan that will guide the university through today's challenging higher education environment into an even stronger future. The SVP-CFO will represent the university's commitment to the transformative power of education and support, cultivating an environment of belonging. They will also be relationship-oriented and a collaborative leader with strong interpersonal skills and self-awareness.
The successful candidate will be a skilled and deeply experienced professional adept at change management, with the ability to advocate for and bolster a suite of university services, motivate and inspire colleagues, and manage complex and intersecting priorities while maintaining forward momentum. The new SVP-CFO will bring a distinguished record of seasoned senior leadership in finance and administration, with demonstrated accomplishments in developing and achieving strategic goals and objectives, preferably in higher education or a similarly complex organizational setting. The SVP-CFO will be a superb communicator with exceptional analytical skills who works and values collaboration with colleagues; supports calculated risk and innovation; and advances an environment of inclusive decision-making, student success, and best practices.
All applications, nominations, and inquiries are invited. Applications should include, as separate documents, a CV or resume and a letter of interest addressing the themes the leadership profile.
WittKieffer is assisting NJIT in this search. Applications will be received until the position is filled, however, we strongly encourage candidates submit their materials as soon as possible for full consideration.
Applications, nominations, and inquiries can be directed to Jessica Herrington, Jen Meyers Pickard, Ph.D. and Julia Bradley at NJITSVPCFO@wittkieffer.com
Compensation Range: $400,000-$425,000
DIVERSITY STATEMENT
As a Minority Serving Institution with designations as an Asian American and Native American Pacific Islander Serving Institution (AANAPSI) and Hispanic Serving Institution (HSI), NJIT is committed to embracing diversity, centering equity, and practicing inclusion with the goal of sustaining a culture of belonging. NJIT celebrates the diversity of our university community and recognizes the cultural and personal contributions each member of the community brings to NJIT. We strive to cultivate a campus culture that promotes inclusive excellence among our faculty, staff, students, and external partners. Sustaining and building upon our diverse community is critical to NJIT's continuing status as a premier research institution of higher education and a leading polytechnic university.
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