Manager of Capital Budget

Kinsley Power Systems; Cambridge (MA); On-site; USD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a skilled Manager of Capital Budget to lead the development and implementation of a comprehensive capital investment plan. This role involves collaborating with senior leadership to strategize and execute a long-term capital budget, overseeing capital expenditures, and ensuring compliance with financial regulations. The ideal candidate will have a strong background in public sector budgeting, excellent leadership and communication skills, and a passion for driving efficiencies in capital planning processes. Join a dynamic team dedicated to enhancing community infrastructure and making a significant impact in public service.

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Vacation Leave

Sick Leave

Personal Days

Paid Holidays

Management Allowance

Transportation Benefits

Qualifications

• 7+ years of experience in budget, financial and analytical roles in public sector.
• 5+ years managing teams and complex financial processes.

Responsibilities

• Develop and implement the City’s long-range capital budget strategy.
• Coordinate the annual capital budget process and monitor expenditures.
• Ensure compliance with financial policies and regulations related to capital budgeting.

Skills

Leadership Skills

Organizational Skills

Communication Skills

Quantitative Analysis

Critical Reasoning

Education

Bachelor’s degree in Finance, Accounting, Business Administration

Master’s degree in Business or Public Administration

Tools

Financial Management Software

Budgeting Tools

Job description

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.