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About the New Jersey Green Bank
The State of New Jersey leads the nation in clean energy and energy efficiency policy, green building development, clean energy generation, and public investment to fight climate change. The New Jersey Green Bank is a new independent agency (established as a subsidiary of the New Jersey Economic Development Authority in May 2024) with the charter to use public capital to leverage and accelerate private sector investment to reduce greenhouse gas emissions and advance the State’s sustainability and resiliency goals.
The NJ Green Bank’s purpose is to attract private sector funding to advance the State’s goals of advancing clean energy and reducing greenhouse gas emissions. NJ Green Bank financing will enable private capital to fill gaps by reducing real and perceived risk, absorbing transaction costs, and providing private investors the chance to learn about new market opportunities with the security of government partnership. An institutional goal is to accelerate the deployment of low‐carbon technologies by mitigating upfront costs, leveraging private investment, and increasing the catalytic impact of public dollars. The NJ Green Bank is in its start‐up phase and along with this role will be supported via an initial staff, a 5‐member board of directors and the supporting infrastructure via a MOU with the New Jersey Economic Development Authority. The current initial capital is approximately $200 million.
Job Summary
The NJ Green Bank seeks its inaugural Executive Director to launch this cutting‐edge, mission‐driven organization. The Board of Directors welcome applications from visionary, experienced, and resourceful leaders ready to roll up their sleeves and build an organization from the ground up that builds out the bold visions of the State.
Reporting to the Board of Directors, the Executive Director will have overall strategic and operational responsibility for the NJ Green Bank’s staff, programs, expansion, and execution of its mission. In addition, the individual will serve as the public face of the NJ Green Bank with key partners and stakeholders. Importantly, as the inaugural Executive Director, the selected candidate will provide strategic leadership and guide the organization through its critical start‐up phase and initial growth, including managing the recruitment of additional staff, and owning responsibility for the successful deployment of the organization’s first financial offerings and securing additional funding.
The Ideal Candidate
Candidates must have significant experience in public and/or private investments financing commercial projects across various technologies. Ideal candidates must have a background in clean energy and/or climate finance, blended finance, and the ability to design and deliver effective financial programs or other offerings. A commitment to engage and partner with relevant stakeholders, especially under‐served communities, is also important in order to successfully deploy and mobilize third‐party capital to catalyze low‐carbon and resilient projects and programs in the State. They will likely have connections within and experience collaborating across the non‐profit, financial, energy, and public sector industries.
As a leader, the ideal candidate will be an experienced manager with a demonstrated ability to coach staff, and develop and manage high‐performance teams, especially in a start‐up environment. They will have experience setting and achieving strategic objectives with a talented Board and garnering and organizing staff and organizational resources to support those objectives.
A successful candidate will be able to seamlessly work across the strategic, operational, and administrative aspects of the role. They will be willing to take on additional responsibilities to fill in the needs of the NJ Green Bank, including but not limited to marketing, public relations, communications and fundraising; procurement, hiring, and contracting; training, outreach, and education.
The NJ Green Bank Executive Director will have the vision, leadership, and genuine commitment to developing a successful public-private start‐up that will dramatically scale investment in clean energy, sustainability, and greenhouse gas reductions in the State. They will demonstrate a genuine personal and professional commitment to tackling climate change issues at a local level for global impact, a commitment to equity, and a drive to bring their full entrepreneurial, creative, and leadership talent to scale the opportunity the NJ Green Bank represents for the State and beyond.
$159,300 – $194,700
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 manager’s 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.
Essential Duties and Responsibilities
The Chief Executive Officer will administer, manage, and direct the affairs and activities in accordance with the policies, control, and direction of the Board. The CEO will execute the mission and vision of the NJ Green Bank, consistent with its charter.
Financial Management
Capital Deployment
Outreach and Business Development
Education and Experience
Advanced degree or industry specific certification may be substituted for 1 year of experience
Physical Demands
Travel
Certificates and Licenses Required
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.
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