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Elements and Performance Criteria

1. Develop linkages between strategic planning outcomes and financial management processes
   • Provide financial management authority and autonomy within organisational and program structures to enable outcomes to be achieved.
   • Structure financial processes to ensure manageable linkages to program outputs while retaining internal controls.
   • Organise activities to be funded or managed into programs and subprograms to reflect logical groupings of organisational objectives that address current government policy and strategy.
   • Develop linkages to outputs and outcomes in accordance with the organisation’s business and longer term plans.
2. Establish and maintain a financial risk management strategy
   • Identify and measure current and potential risk exposures, including alternative profiles.
   • Implement and monitor cost effective policies and procedures for minimising and managing exposures.
   • Document and review financial risk management policies and practices.
   • Identify and resource learning, development and support needs to assist staff to effectively manage risk.
3. Establish and maintain a taxation strategy
   • Determine exposure to applicable state or territory and federal taxes and develop a strategy to increase taxation awareness within the organisation.
   • Seek, provide and use strategic taxation advice in the development of the strategy.
   • Establish and maintain a cost-effective strategy to capture, quantify, minimise and pay taxation liabilities in accordance with law.
4. Establish resource requirements in financial terms
   • Determine physical asset and human resource requirements in accordance with program requirements.
   • Use financial analysis techniques to evaluate and approve alternative and new resource allocation proposals.
   • Establish processes to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans.
   • Establish service delivery requirements.
   • Develop and maintain a strategic asset plan and submit it for approval.
5. Develop financial bids and estimates
   • Cost organisational initiatives and prepare bids and/or estimates in accordance with budgetary processes and requirements.
   • Link bids and/or estimates to organisational priorities, based on substantiated information and logical assumptions, taking account of resource constraints and organisational needs.
   • Develop bids and/or estimates to reflect outstanding liabilities and receipt collections and prepare to meet critical submission dates.
   • Prepare supporting documentation to justify bids and/or estimates.
6. Develop linkages between strategic planning outcomes and financial management processes
   • Provide financial management authority and autonomy within organisational and program structures to enable outcomes to be achieved.
   • Structure financial processes to ensure manageable linkages to program outputs while retaining internal controls.
   • Organise activities to be funded or managed into programs and subprograms to reflect logical groupings of organisational objectives that address current government policy and strategy.
   • Develop linkages to outputs and outcomes in accordance with the organisation’s business and longer term plans.
7. Establish and maintain a financial risk management strategy
   • Identify and measure current and potential risk exposures, including alternative profiles.
   • Implement and monitor cost effective policies and procedures for minimising and managing exposures.
   • Document and review financial risk management policies and practices.
   • Identify and resource learning, development and support needs to assist staff to effectively manage risk.
8. Establish and maintain a taxation strategy
   • Determine exposure to applicable state or territory and federal taxes and develop a strategy to increase taxation awareness within the organisation.
   • Seek, provide and use strategic taxation advice in the development of the strategy.
   • Establish and maintain a cost-effective strategy to capture, quantify, minimise and pay taxation liabilities in accordance with law.
9. Establish resource requirements in financial terms
   • Determine physical asset and human resource requirements in accordance with program requirements.
   • Use financial analysis techniques to evaluate and approve alternative and new resource allocation proposals.
   • Establish processes to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans.
   • Establish service delivery requirements.
   • Develop and maintain a strategic asset plan and submit it for approval.
10. Develop financial bids and estimates
    • Cost organisational initiatives and prepare bids and/or estimates in accordance with budgetary processes and requirements.
    • Link bids and/or estimates to organisational priorities, based on substantiated information and logical assumptions, taking account of resource constraints and organisational needs.
    • Develop bids and/or estimates to reflect outstanding liabilities and receipt collections and prepare to meet critical submission dates.
    • Prepare supporting documentation to justify bids and/or estimates.

Performance Evidence

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.

interpreting organisational information in financial terms

adjusting communication to suit different audiences

preparing strategies and reports requiring precision of expression

undertaking financial analysis

costing and preparing bids and estimates

accessing information and legislation electronically or in hard copy

applying environmental and work health and safety procedures relating to working in the public sector

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Knowledge Evidence

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

public sector legislation including work health and safety and environment, policies and processes relating to public sector finance

ethics/codes of conduct

operational planning processes

financial risk management

applicable state/territory and Commonwealth taxes

government budget cycle including budget and additional estimates, budget processes and guidelines

Senate committee hearings

appropriation structure/funding mechanisms (including those including Commonwealth/state/territory relationships)

costing policies and procedures

principles of accrual accounting

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