Roger Anderson last week stepped down as executive director of the New Jersey Educational Facilities Authority after serving there nearly eight years.

The NJEFA will select an acting executive director tomorrow at a special board meeting.

Anderson’s last day was Friday. He will begin Aug. 2 as vice president for finance and chief financial officer at Centenary College, according to Annamaria Lalevee, the school’s director of public relations.

Centenary is a private liberal-arts institution located in northwestern New Jersey. The college serves roughly 1,952 undergraduates and 710 graduate students, according to a 2008 handbook. Full-time undergraduate tuition for the 2010-11 school year is $26,854, according to Centenary’s website.

Centenary College’s last borrowing was in late January 2003. The NJEFA issued $14.7 million of tax-exempt bonds on behalf of the school to help finance a new residence hall and also refinance prior debt, according to the preliminary official statement.

Anderson joined the authority as executive director in October 2002. He had worked in the U.S. Treasury Department from 1996 to 1999 as deputy assistant secretary of federal finance, according to NJEFA’s website.

He has also served as deputy comptroller of finance for New York City and also as clerk to the chief judge of the U.S. Court of Claims.

In the private sector, Anderson was executive vice president at Elmrock Capital Inc., a firm that invests in emerging structured-finance assets.

He has a degree from the University of Chicago Law School and received his BA in history from Cornell University. Anderson sits on the the Government Finance Officers Association’s debt committee.

The NJEFA issues debt on behalf of colleges and universities throughout New Jersey to help finance capital projects and refinance prior debt.

During its 44 years as a conduit issuer, the authority has sold $10.3 billion of debt in more than 413 transactions, according to its website.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.