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Montclair hires new CFO

Montclair hires new CFO

Friday, December 29, 2006

By ERICA ZARRA
The Montclair Times

Montclair has a new director of finance and chief financial officer.

Effective Feb. 5, Gordon L. Stelter will replace Dianne Marus, who retires from the position next Monday, Jan. 1. Stelter will assume the CFO post on a part-time basis effective Jan. 1. Township Controller Anthony Blasi will serve as acting director of finance from Jan. 1 through Feb. 5, according to a municipal release.

Marus has described the position as “the custodian of all the funds in town.”

Stelter will supervise an 18-member department responsible for all financial and accounting functions of the mu-nicipality, including the offices of tax collector and tax assessments. He will earn $122,160 per year.

Township Manager Joseph Hartnett called Stelter “one of the most highly qualified individuals I have ever seen in the field of municipal finance.”

Hartnett indicated that Stelter’s knowledge of information technology and skills “fits very well with this admini-stration’s aggressive approach to utilizing technology for improved efficiency and service. In addition to his academic work, he is proficient in five different accounting software packages, including what we now use here in Montclair, and other financial software as well.”

Stelter, a certified municipal finance officer and a registered municipal accountant, has also worked in private in-dustry as a professional accountant.

Since September 2003, Stelter has been the chief financial officer in Fairfield. His résumé also includes serving as a manager for the accounting firms, Smolin, Lupin & Co. in Fairfield, and Eisner LLP in Manhattan and Florham Park. He has worked as an auditor at Samuel Klein and Co. in Newark, where one of his accounts was Montclair, according to the release.

Stelter is a Rutgers University graduate, where he majored in accounting and earned a minor in computer sci-ence.

All of New Jersey’s 566 municipalities are required by law to have a CFO and specific other positions that are licensed and certified by the state. Municipal CFOs are also subject to state regulators and independent auditors.

As Hartnett previously noted, the post of chief financial officer is a “highly scrutinized” position.

Contact Erica Zarra at zarra@montclairtimes.com.
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northjersey.com - Montclair Times Community

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