Manager of Capital Budget

ABOUT THE ROLE

The Manager of Capital Budget reports to the Assistant City Manager/Fiscal Affairs and supports the development and implementation of the City's long-range capital investment plan. The ideal candidate will have strong leadership, organizational, and communication skills, and possess a strong knowledge of capital projects budgeting and financing in the public sector. The City's five-year capital plan of $700 million supports a portfolio of capital infrastructure projects including street and sidewalk reconstruction, water and sewer infrastructure, and municipal and school buildings improvements.

KEY RESPONSIBILITIES:

Capital Budget Planning & Strategy

• Collaborate with senior leadership and department directors to develop/update the City's long-range capital budget strategy.
• Conduct analyses using historical and projected data to frame issues and identify potential solutions.
• Develop and maintain a long-range capital budget planning model to monitor progress against established debt management and financial benchmarks.
• Implement best practices in capital planning processes, tools, and systems to drive efficiencies.
• Create presentations for City leadership, City Council and other public meetings.

Capital Budget Development and Oversight

• Coordinate the annual capital budget process.
• Monitor capital expenditures and prepare detailed reports on capital budget performance.
• Work closely with project managers, department heads, budget and financial analysts to support capital budget requests, track capital project progress and ensure budget compliance.

Debt Management

• Maintain information and data related to debt issuance, including arbitrage requirements, project level authorized and issued debt, and ensure compliance with terms of debt agreements.
• Collaborate with project managers and department heads to develop detailed financing and bonding plans for capital projects on the multi-year plan.
• Coordinate the annual rating agency presentation process and documentation required for bond sales in collaboration with the Budget Dept.
• Identify financial risks and recommend necessary actions to mitigate any potential impact on the capital budget.
• Ensure compliance with internal financial policies and external regulations related to capital budgeting, and debt requirements. Update policies as needed to reflect best practices.

MINIMUM REQUIREMENTS:

Education:

Bachelor's degree in Finance, Accounting, Business Administration, or a related field. A Master's degree in business or public administration is preferred.

Experience:

• 7 years of experience in professional level budget, financial and analytical experience in public sector or large organization
• 5 years of experience managing teams and/or complex financial processes.
• Experience with capital budgeting and financing of public infrastructure projects.

Knowledge, Skills, and Abilities:

• Proficiency in financial management software and budgeting tools.
• Knowledge of capital budgeting methodologies and financial analysis, and project management principles.
• Expert quantitative analysis and critical reasoning skills
• Excellent communication and interpersonal skills.
• The City of Cambridge's workforce, like the community it serves, is diverse. Applicants must have the ability to work and interact effectively with individuals and groups with a variety of identities, cultures, backgrounds, and ideologies

SUMMARY OF BENEFITS:

Competitive benefits package including:

• Competitive health, dental, and vision insurance
• Vacation and Sick leave eligible
• Sick Incentive Pay Eligible
• 3 Personal days
• 14 Paid Holidays
• Management Allowance, $2700 year
• City employee transportation benefits (T-Pass reimbursement, Bluebikes membership, EZRide Shuttle)

REQUIRED DOCUMENTS:

Please upload the below documents to complete your application:

• Resume
• Cover Letter