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