<p>ABOUT THE ROLE</p> <p>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.</p> <p>KEY RESPONSIBILITIES:</p> <p>Capital Budget Planning & Strategy</p> <ul> <li>Collaborate with senior leadership and department directors to develop/update the City's long-range capital budget strategy. </li><li>Conduct analyses using historical and projected data to frame issues and identify potential solutions. </li><li>Develop and maintain a long-range capital budget planning model to monitor progress against established debt management and financial benchmarks. </li><li>Implement best practices in capital planning processes, tools, and systems to drive efficiencies. </li><li>Create presentations for City leadership, City Council and other public meetings. </li></ul> <p>Capital Budget Development and Oversight</p> <ul> <li>Coordinate the annual capital budget process. </li><li>Monitor capital expenditures and prepare detailed reports on capital budget performance. </li><li>Work closely with project managers, department heads, budget and financial analysts to support capital budget requests, track capital project progress and ensure budget compliance. </li></ul> <p>Debt Management</p> <ul> <li>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. </li><li>Collaborate with project managers and department heads to develop detailed financing and bonding plans for capital projects on the multi-year plan. </li><li>Coordinate the annual rating agency presentation process and documentation required for bond sales in collaboration with the Budget Dept. </li><li>Identify financial risks and recommend necessary actions to mitigate any potential impact on the capital budget. </li><li>Ensure compliance with internal financial policies and external regulations related to capital budgeting, and debt requirements. Update policies as needed to reflect best practices. </li></ul> <p>MINIMUM REQUIREMENTS:</p> <p>Education:</p> <p>Bachelor's degree in Finance, Accounting, Business Administration, or a related field. A Master's degree in business or public administration is preferred.</p> <p>Experience:</p> <ul> <li> <p>7+ years of experience in professional level budget, financial and analytical experience in public sector or large organization</p> </li><li> <p>5+ years of experience managing teams and/or complex financial processes.</p> </li><li> <p>Experience with capital budgeting and financing of public infrastructure projects.</p> </li></ul> <p>Knowledge, Skills, and Abilities:</p> <ul> <li>Proficiency in financial management software and budgeting tools. </li><li>Knowledge of capital budgeting methodologies and financial analysis, and project management principles. </li><li>Expert quantitative analysis and critical reasoning skills </li><li>Excellent communication and interpersonal skills. </li><li>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 </li></ul> <p>SUMMARY OF BENEFITS:</p> <p>Competitive benefits package including:</p> <ul> <li>Competitive health, dental, and vision insurance </li><li>Vacation and Sick leave eligible </li><li>Sick Incentive Pay Eligible </li><li>3 Personal days </li><li>14 Paid Holidays </li><li>Management Allowance, $2700 year </li><li>City employee transportation benefits (T-Pass reimbursement, Bluebikes membership, EZRide Shuttle) </li></ul> <p>REQUIRED DOCUMENTS:</p> <p>Please upload the below documents to complete your application:</p> <ul> <li>Resume </li><li>Cover Letter </li></ul>