Salary : $84,991.02 - $135,985.05 Annually
Location : City of Roanoke - 215 Church Ave SW, Roanoke, VA
Job Type: Full-Time
Job Number: 03498
Department: Department of Finance
Division: Dept of Management & Budget
Opening Date: 10/15/2026
Closing Date: 11/18/2026 11:59 PM Eastern
Description
DEPARTMENT OF FINANCE
JOB SUMMARY
The Capital Improvement Program (CIP) Finance Manager is responsible for the planning, oversight, monitoring, and reporting of the City of Roanoke's capital projects. This position ensures capital projects are managed in alignment with City Council priorities, financial compliance, and best practices in project and debt management. The CIP Finance Manager will collaborate with City departments, Finance staff, and external partners to ensure capital resources are strategically allocated, projects remain on schedule and within budget, and financial and regulatory documentation is properly maintained.
This is an exempt position.
Examples of Duties
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Oversee the progress of capital projects planned and appropriated, monitoring milestones, budgets, and timelines.
Track project status, costs, and change orders throughout the lifecycle of each project.
Collaborate with City departments to develop future project plans that align with City Council priorities, life-safety needs, cost efficiency, and timeliness.
Partner with Finance staff and external advisors (e.g., Davenport) to plan project funding strategies and ensure all financial documentation is accurate and current.
Manage arbitrage concerns and coordinate project timing with the City's vendor to ensure compliance with federal and state regulations.
Serve as a member of the Budget Committee, contributing to annual CIP planning and integration with the City's operating budget.
Monitor CIP-related debt to ensure compliance with Council appropriations and proper utilization of funds, maintaining records within the City's ERP system (Oracle).
Conduct financial analysis and modeling of various funding strategies to make recommendations on the viability of projects for funding.
Manages, administers and provides oral and written communication to the Budget Committee, Executive Leadership Team, City Council, and community stakeholders, as required.
Prepare clear, accurate, and comprehensive written documentation, including reports, analyses, and correspondence.
Coordinate and participate in reporting to the Virginia Department of Transportation (VDOT) related to capital projects.
Assist with debt issuance activities, including documentation, compliance, and reporting requirements.
Oversee preparation and inclusion of the CIP Plan as part of the City's Annual Budget Document and the Annual Consolidated Financial Report (ACFR).
SUPERVISORY RESPONSIBILITIES
This job may have supervisory responsibilities.
KNOWLEDGE, SKILLS AND ABILITIES
Strong knowledge of municipal budgeting, debt management, and capital improvement planning.
Ability to interpret and apply federal, state, and local laws, policies, and procedures related to CIP and debt financing.
Analytical and problem-solving skills to evaluate funding strategies and project outcomes.
Exceptional organizational skills with attention to detail and accuracy.
Ability to establish and maintain effective working relationships with City staff, consultants, external partners, elected officials, and the public.
Excellent written and verbal communication skills.
Typical Qualifications
EDUCATION and/or EXPERIENCE
Bachelor's degree from an accredited college or university in Finance, Accounting, Business Administration, Public Administration, Economics, or a closely related field.
Five (5) years of progressively responsible experience in capital project management, financial management, municipal budgeting, or related areas.
Experience working in or with government finance or public sector organizations preferred.
Preferred Qualifications
Master's degree in Finance, Public Administration, Business Administration, or related discipline.
Certified Public Finance Officer (CPFO), Certified Government Finance Officer (CGFO), or related professional certification.
Demonstrated experience with capital planning, debt issuance, arbitrage management, and large-scale project funding.
Proficiency in ERP systems (e.g., Oracle) and financial modeling tools.
Strong presentation skills with the ability to effectively communicate financial and technical information to diverse audiences, including elected officials and the public.
Supplemental Information
LANGUAGE SKILLS
Ability to read, analyze, and interpret journals, financial reports, or governmental regulations. Ability to respond to inquiries or complaints orally and in writing. Ability to communicate effectively with management, public groups or employees of organization.
MATHEMATICAL SKILLS
Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions
REASONING ABILITY
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written or oral form.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee frequently is required to stand and sit. The employee is occasionally required to walk. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include ability to adjust focus.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually quiet.
This is a job description and not an individualized position description. A job description defines the general character and scope of duties and responsibilities of all positions in a job classification, but it is not intended to describe and does not necessarily list the essential job functions for a given position in a classification.
Overview of Benefits for Full-Time Employees:
Paid leave is time off from work available for use by an employee upon approval by supervisor. The first 24 consecutive leave hours for any illness must be charged to paid leave with additional time charged to extended illness leave. Paid leave for employees of the city shall accrue as follows:
Years of Service Hours Per Month Fire 24-hr shift Employees
0 - 4 12 19.75
5 - 9 14 22.75
10- 14 16 25.50
15 - 19 17 26.75
20 - 24 18 28.75
25 + 20 32
Extended Illness Leave: shall accrue at the rate of six (6) hours per month. Fire suppression employees shall accrue extended illness leave at nine (9) hours per month.
Funeral Leave: for family, up to three consecutive days.
Military Leave: Twenty-one work days per Federal fiscal year.
Holidays: The City provides 96 hours of annual paid holiday time.
Mental Health & Well-Being Leave: Employees receive 24 hours (Fire Suppression receives 34 hours) of Mental Health & Well-Being Leave upon hire. Certification of mental health diagnosis is not required and leave will not be paid out upon separation.
Shared Leave Bank (effective 1/1/2023): Voluntary membership for full-time Employees who will be out for an extended period of time and has exhausted all other forms of leave. Members are required to provide 8 hours of their Extended Illness per fiscal year and at least 8 hours per assessment. Assessments will be limimted to 4 times per fiscal year (max of 40 hours per fiscal year).
Health Insurance: Four coverage types are available: Employee only, Employee + 1 Child, Employee + Spouse and Family. Coverage is available through payroll deduction.
Additionally, the city offers the following three Aetna Health Plan Options:
PPO 750 - Provides 100% coverage for preventive care; lower deductible and out-of-pocket maximums than other medical plans; and has higher employee premiums. This is comparable to the current insurance program.
PPO/HRA 1500 - Provides 100% coverage for preventive care; has higher deductible and out-of-pocket maximum than the PPO 300 plan; has lower employee premiums than the PPO 300 plan; and the employer makes contributions to an account through a Health Reimbursement Arrangement (HRA). The City of Roanoke contributes $500 for employee only coverage and $1,000 for all other tiers. Contributions are pro-rated dependent upon enrollment date.
PPO/HDHP-HSA - Provides 100% coverage for preventive care; has higher deductible and out-of-pocket maximum than other medical plans; has lower employee premiums; and both the employer and the employee make contributions to a Health Savings Account (HSA) to pay for medical expenses which apply to the deductible. The City of Roanoke contributes towards the Health Savings Account (HSA), $1,600 for employee only coverage and $3,100 for all other tiers. Contributions are pro-rated dependent upon enrollment date.
Optum RX (Pharmaceutical Benefits Manager) - Manages pharmacy benefits, processes employee pharmacy claims and answers employee pharmacy benefit questions.
Aetna Health Plan 2026 Monthly Rates
PPO 750
Employee Only: $81.94
Employee + Child: $306.26
Employee + Spouse: $718.38
Family: $785.44
PPO/HRA 1500
Employee Only: $53.06
Employee + Child: $260.06
Employee + Spouse: $660.64
Family: $669.94
PPO/HDHP-HSA
Employee Only: $25.10
Employee + Child: $195.72
Employee + Spouse $547.88
Family: $550.56
Dental Insurance: Four coverage types are available: Family, Employee and Spouse, Employee and Child, and Employee only. Coverage is available through payroll deduction.
Delta Dental 2026 Monthly Rates
Employee: $2.80
Employee/Child: $18.88
Employee/Spouse: $18.88
Family: $49.36
Life Insurance: Paid by the City at no cost to employees. Coverage is equal to the annual salary rounded to the next highest thousand and then doubled. For an accidental death, the coverage would be twice this amount.
Optional Life Insurance: Paid by the employee. Various amounts of coverage, including family members, available through payroll deduction.
Long Term Disability Insurance: Designed to provide a monthly benefit to assist employees with bills and maintaining a standard of living when disabled as a result of a covered sickness or injury. Coverage is available through payroll deduction. Annual cost is your annual salary multiplied by .00255. This amount is half of the total premium and the City pays the other half.
Retirement: Employees contribute 5% of salary and choose between participating in a traditional defined benefit plan or a hybrid program. Employees vest in the employer component of either plan upon completing five (5) years of service.
Defined Benefit Pension Plan: Normal retirement after 55th birthday, and when combination of age and creditable service equals 85; or, 65th birthday if completed at least five years of creditable service. For sworn officers in Police and Fire/EMS, normal retirement after 50th birthday, and when combination of age and service equals 75; or, 65th birthday or older with 5 years of creditable service. An annual retirement benefit equals 2.0% of salary (based on an average of the highest five years) times the number of creditable years with a maximum of 63%. Early retirement options are available and reductions may apply based on age and service.
Hybrid Program: Provides the characteristics of the traditional pension plan with that of a deferred compensation plan. The pension plan provides an annual benefit equaling 1% of salary (based on an average of the highest five years) times the number of creditable years with a maximum of 63%. The deferred compensation component provides for the employee contribution to be deposited in an account directed by the member. The combination of the two components is structured to provide approximately the same actuarial benefit as the Defined Benefit Pension Plan. International City Management Association - Retirement Corporation (ICMA-RC) provides the third party administration of this deferred compensation plan for participating employees.
Sheriff's Department Employees are covered b the Virginia Retirement System (VRS). Previous service covered by VRS may be portable to the Roanoke Ret
