nj transit invites your interest in the position of … · the incoming cfo must be collaborative,...

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NJ TRANSIT INVITES YOUR INTEREST IN THE POSITION OF CHIEF FINANCIAL OFFICER

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Page 1: NJ TRANSIT INVITES YOUR INTEREST IN THE POSITION OF … · The incoming CFO must be collaborative, creative and flexible in his/her management style with a commitment to public service,

NJ TRANSIT INVITES YOURINTEREST IN THE POSITION OF

CHIEF FINANCIAL OFFICER

Page 2: NJ TRANSIT INVITES YOUR INTEREST IN THE POSITION OF … · The incoming CFO must be collaborative, creative and flexible in his/her management style with a commitment to public service,

ABOUT USCovering a service area of 5,325 square miles, NJ TRANSIT is the nation’s third largest provider of bus, rail and light rail transit, linking major points in New Jersey, New York and Pennsylvania.

We operate a fleet of 2,027 buses, 711 trains and 45 light rail vehicles on 236 bus routes, 12 rail lines, and 3 light rail lines statewide, providing nearly 233 million passenger trips each year.

Created by the Public Transportation Act of 1979, NJ TRANSITwas established to “acquire, operate and contract for transporta-tion service in the public interest.”

In 1980, NJ TRANSIT purchased Transport of New Jersey, the State’s largest private bus company at that time. Between theyears of 1981-85, the services of several other bus companieswere incorporated into NJ TRANSIT Bus Operations, Inc. On January 1, 1983, a second subsidiary, NJ TRANSIT Rail Opera-tions, Inc. was launched to assume operations of commuter rail in the State after Congress ordered Consolidated Rail Corporation (Conrail) to cease its passenger operations. A third subsidiary, NJ TRANSIT Mercer, Inc., was established in 1984 when the agency assumed operation of bus service in the Trenton/Mercer County area. In 1992, following a full reorganization, all three subsidiaries were unified and operations were significantly streamlined.

Our stakeholders, residents, are represented by an eight member Board of Directors appointed by the Governor. Seven members are voting members; four members are from the general publicand three are State officials. One non-voting member is recom-mended by the labor organization representing the plurality of the employees. The agency is structured to encourage broad public participation in the formation of transit policy for the State. NJ TRANSIT’s board meets monthly. The Governor can override board actions by vetoing the board meeting’s minutes.NJ TRANSIT Corporation’s Board selects an Executive Director to administer the entire agency. The Executive Director serves as President of all three subsidiaries (NJ TRANSIT Bus Operations, NJ TRANSIT Rail Operations, Inc. and NJ TRANSIT Mercer, Inc.).

Page 3: NJ TRANSIT INVITES YOUR INTEREST IN THE POSITION OF … · The incoming CFO must be collaborative, creative and flexible in his/her management style with a commitment to public service,

THE IDEALCANDIDATE

PUTTING DOWN ROOTS - IN THE GARDEN STATE

From the bustle of the city, to the peaceful dunes of the shore, or pastoral and historic towns found dotted throughout New Jersey; you can find the perfect setting for your life and pace. NJ TRANSIT is headquartered in Newark, the second largest city in the New York Metropolitan area. The office is a quick commute to and from just about anywhere on any one of our bus and rail lines. Newark is home to Rutgers, Seton Hall School of Law, New Jersey Institute of Technology, and the New Jersey Performing Arts Center. Sports in Newark include the NHL’s New Jersey Devils, who are proud to call the Prudential Center in Downtown Newark their home ice. The Red Bull Arena is across the Passaic from Downtown Newark, home stadium to Major League Soccer’s Red Bulls. And, if you like football, it’s a quick trip to enjoy the NFL’s Jets, Giants or Philadelphia Eagles.

If sports are not your forte’, New Jersey has more to offer. The New Jersey Performing Arts Center in Newark, PNC Bank Arts Center in Holmdel, and a host of other venues across the state bring international artists of every variety to the Garden State.

And it is indeed still the Garden State. Agriculture is a leading industry in New Jersey,and agri-tourism has become an important part of the scene here. From the rolling hills and horse country of Hunterdon County, to the cranberry bogs of the Pine Barrensand seafood harvest of the Atlantic and Delaware coasts, there’s more to New Jerseythan meets the eye. Historically, New Jersey is the crossroads of the revolution andboasts many historic districts in addition to small towns and villages that are an antique aficionado’s dream!

If you like the outdoors, explore miles of dedicated cycling trails, walk or run miles of beaches, or just play in the water with all the Atlantic Ocean coastline has to offer. New Jersey is a wonderful place to live, work and play.

NJ TRANSIT is seeking a dynamic Chief Financial Officer and Treasurer. The ideal candidate possesses a bachelor’s degree in Finance, Business Administration, Accounting or Public Administration with 10 years of public sector experience in increasingly responsible leadership roles at an agency with managing an operating budget of at least $50M. CPA desirable.

S/he will have experience in gatheringand analyzing financial information anddeveloping actionable, well-reasoned recommendations to the Executive Director and senior leadership. S/he must be a systems thinker, and a proactive business partner in a multi-business-line agency.The incoming CFO must be collaborative, creative and flexible in his/her management style with a commitment to public service, and customer-focused outcomes. We’re looking for a CFO who can hit the ground running to find new ways to increase funding streams, decrease expenses and develop new business processes, redefine organiza-tional structure, and improve technology to drive revenue.

Page 4: NJ TRANSIT INVITES YOUR INTEREST IN THE POSITION OF … · The incoming CFO must be collaborative, creative and flexible in his/her management style with a commitment to public service,

COMPENSATION TO APPLY:If you are interested in this exceptional opportunity, please visit our website at www.njtransit.com:

All resumes will be screened in accordance with the qualifications for the position. Phone screens will take place following the closing date. The most qualified candidates will be invited in for a personal interview.

NJ TRANSIT is an Equal Opportunity Employer

The salary for the Chief Financial Officer iscompetitive dependent upon qualificationsand experience of the successful candidate.NJ TRANSIT offers a competitive totalcompensation package which includes:

• A generous health, dental and vision insurance plan • Retirement – 6% contribution of salary to your 401(a) • Up to 20 days of vacation (pro-rated first year based on hire date), plus 9 Scheduled Holidays, 3 Floating Holidays and 10 Sick Days per year • Disability and Life Insurance • 401(k) Plan with employer match of 50%, up to a maximum of 3%

The State of New Jersey has a residency law, must be willing to relocate.