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NMIRF surprised at CDA’s hiring of its staff
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Posted on Jun 07 2005
The NMI Retirement Fund was surprised over the Commonwealth Development Authority’s reported decision to hire its own comptroller, Noel Soria.
“I’m surprised. I don’t know about it. Nor is the board aware of it,” said Fund administrator Karl T. Reyes yesterday.
The CDA, which held a board meeting on Monday, said it would hire Soria at a starting salary of $55,000 a year. CDA, which has been without a comptroller for two years now, said Soria would be offered a three-year contract, with an initial six-month probation.
Soria stands to have his salary raised to $60,000 a year when he completes his first year of employment and obtains a “certified management accountant” status.
Soria confirmed that he did turn in an application to CDA but only learned of the reported CDA decision after reading it in the Saipan Tribune.
“I’m surprised, too, to read about it,” he said, smiling.
He said he would discuss the matter with his bosses. He said his employment contract with the Fund is set to expire by September this year. He said he would make his decision following his talks with both the Fund and CDA.
“I love the Retirement Fund. …And yes, I did apply to CDA. I would have to make a decision,” he said.
Soria began working for the NMI Retirement Fund in 1991, initially as accountant then as investment technical analyst. In September 2002, he became the agency’s comptroller.
