Senior Compliance Officer - Bonds

Location US-NJ-Trenton | US-NJ-Newark | US-NJ-New Brunswick | US-NJ-Camden
Job ID
Bond Compliance


Job Summary


Independently manages bond-related post-closing matters including bond modifications; handles compliance efforts and inquiries on closed tax-exempt bonds to identify and control reputational and financial risk associated with NJEDA conduit bond issues. Mentors and trains less experienced staff.  Serves as subject matter expert.


$76,206 - $84,673


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.


Essential Duties and Responsibilities


  • Independently reviews and drafts routine and complex bond modification requests for NJEDA board or delegated approval. Obtains and evaluates information needed for modifications, including bond counsel opinion and/or DAG review, determines level of approval required, and prepares approval memo to department standards. Ensures accurate documentation and collection of required fees.
  • Attends Committee and/or Board meetings to present projects and respond to questions from Board Members regarding modification submissions and general compliance requirements
  • Independently manages tax compliance agreements for large state-backed bonds, coordinating with bond counsel, Treasury and Schools Development Authority, and other state agencies as necessary. Prepares annual summary reports to the Authority's designated Tax Compliance Officer (i.e., President and COO). Identifies and attends required bond compliance training.
  • Independently tests/audits the conduit bond portfolio. Develops and sends borrower questionnaires, researches and analyzes borrowers' documentation and responses to questionnaires. Identifies and elevates areas of possible non-compliance and collaborates with DAG's or bond counsel as necessary.
  • Independently manages timely and appropriate responses to IRS bond audits. Works with borrowers and DAG's office to engage counsel as needed, coordinates and oversees the preparation of responses to IRS information documentation requests, and Tax-Exempt Bond Voluntary Closing Agreement Program (VCAP) filings, monitors negotiations between the borrowers and IRS; once finalized, ensure corrective actions (redemptions, fees/interest payments, etc.) are made by borrowers as necessary.
  • Responds to inquiries/notices from bondholders, trustees, borrowers, insurers, credit enhancers and others in connection with closed bonds, assists with OPRA requests, locates and provides requested documents to OPRA officer.
  • Mentors, trains and coaches other bond officers and/or staff and interns. Oversees the work of other bond officers and/or interns including correspondence, customer service and bondholder inquiries, document and records management, and submission to the IRS by the routine post- closing IRS filings (8038 CPs, 1097 BTCs, etc.),
  • Ensures staff's timely and accurate completion of arbitrage rebate reports and filings. For state­ backed bonds, requisitioning and managing arbitrage rebate consultants, overseeing timely report, IRS filings and rebate payments.
  • Meets with existing customers including senior executives, bond counsel, banks and trustees, to discuss bond compliance matters.
  • Reviews and recommends updates based on guidance from IRS and industry best practices of all processes, policies and procedures in the Policy Manual. Responsible for implementing new or expanded technologies, collaborating with IT as needed.
  • Promotes teamwork and communication to encourage an interactive, cooperative, collaborative and customer focused work environment among division, EDA staff and external customers.
  • Performs other duties and special projects, as assigned.
  • Must complete annual and semiannual self-assessment as required.


Required Skills and Abilities


  • Ability to understand complex bond documents, IRS publications, NJ statutory and EDA regulatory guidelines
  • Demonstrated understanding of conduit bond and state-backed bond programs
  • Ability to communicate effectively both verbally and in writing; proficient in grammar, spelling and editing; and foster communications with business professionals and EDA staff
  • Ability to prioritize workload, must be highly organized, detail-oriented, handle various tasks simultaneously and work independently within limited time constraints with little or no supervision
  • Must be able to maintain confidentiality and deal effectively and diplomatically with business professionals and EDA staff
  • Demonstrates respectful behavior and promotes teamwork and communication to encourage an interactive, cooperative, collaborative and customer focused work environment among division, EDA staff and external customers. 
  • Proficient in Microsoft Office Suite and the ability to learn new software packages

Required Qualifications


Education and Experience Requirements:

  • Bachelor's Degree and/or equivalent professional experience
  • Seven years experience in finance, accounting or investment banking; minimum 2 years bond compliance experience
  • Thorough understanding of tax-exempt bond rules, tax compliance and related legal documentation


Advanced degree or industry specific certification may be substituted for 1 year of experience


Physical Demands

  • Minimal
  • Ability to work outside normal business hours, as needed



  • As necessary to events, meetings, businesses, etc.


Certificates and Licenses Required

  • License: 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.




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.


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.




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