Elements and Performance Criteria
- Plan approach to financial management of specific work area
- Access financial requirements, organisation requirements, mandatory reporting formats and requirements
- Clarify financial requirements with relevant personnel to ensure mandatory and organisation outcomes are achievable
- Negotiate with relevant personnel any changes to be made to proposed approaches and plans
- Prepare and document budgets for specific work
- Define expenditure and revenue items relevant to objectives
- Link budget elements to goals, objectives and strategic directions of the organisation
- Conduct discussions and negotiations with stakeholders where required in a respectful manner that promotes goodwill and ongoing cooperation
- Provide support to team members to ensure performance of required roles associated with management of budgets and finances
- Identify performance indicators and include in budget documents
- Break down annual budgets into reporting periods in line with organisation's operating approach
- Present data in formats that are easily understood and appropriate to budget reporting
- Analyse project, program or operational plans
- Conduct discussions and negotiations with stakeholders to identify elements to be addressed in the planning documents
- Identify project work or work programs required to achieve identified project and/or operational objectives
- Identify budget requirements to achieve identified objectives
- Identify and analyse financial issues related to achievement of identified objectives
- Identify objectives, process timelines, resources and mandatory reports
- Monitor and control finances
- Develop processes for monitoring actual expenditure and income for project, program or work area
- Implement reporting of expenditure, income, assets, stock, consumables and equipment for project, program or work area
- Monitor expenditure on a cyclical basis to identify cost variations and expenditure overruns
- Develop contingency plans for endorsement if required
- Prepare processes, reports and documents to support mandatory audit processes where required
- Review and evaluate financial management processes for project, program or work area
- Collect, collate and analyse data on the effectiveness of financial management processes and review with the appropriate person
- Identify potential improvements and make recommendations to relevant authority
- Implement and monitor endorsed improvements in line with the organisation's goals, objectives and mandatory reporting requirements