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Financial Management*

The acumen to make smart decisions with an overall understanding of the financial factors and implications of those decisions.

*This competency is part of the Management and Leadership Competencies at UF

Behavior Statements

Proficiency Level 1 - Basic understanding

Explains basic financial and accounting concepts and terminology.

States local financial tracking and reporting requirements.

Explains basic practices for financing projects; gives examples.

Describes the purpose of basic financial reports.

Proficiency Level 2 - Working experience

Uses finance and accounting systems, procedures and practices.

Resolves questions about finance and accounting policies and practices.

Works with general ledger accounts.

Differentiates between capital investments and expenses.

Interprets profit and loss statements, balance sheets and financial forecasts.

Proficiency Level 3 - Extensive experience

Demonstrates in-depth knowledge of cost accounting and reporting practices, tools, and procedures.

Provides build-buy-lease analyses for major expenditures.

Documents financial interdependencies within the organization.

Coaches others on how to quantify costs and benefits for major expenditures.

Develops and applies cost/benefit analysis or ROI as part of business decisions.

Explains cost/benefit analysis, financial analysis and modeling, organizational practices.

Proficiency Level 4 - Subject matter depth and breadth

Designs financial analysis approaches and modeling specific to the business.

Ensures adherence to organization's and industry's financial requirements and practices.

Designs and implements customer and product profitability systems and practice.

Reviews key financial and performance indicators used by the corporation.

Coaches others in the use of financial management practices and tools.

Monitors marketplace for developments in tools or approaches to financial management.

Interview Questions

  • Tell me about a time that you had to audit your organization's financial records for compliance with a specific policy or regulation.
  • What are some common financial analyses or accounting principles used in your industry or market? How did you become familiar with these concepts?
  • What was your role in the organization's finance or accounting functions?
  • Tell me about a time when there was an internal dispute regarding which finance or accounting approach was most appropriate for the organization. How was this "resolved?"
  • Tell me about a time that you provided financial information that contributed to a major financial decision.

Titles with Shared Competencies

Assistant Dean Assistant Dean, Student Affairs Assistant Director, Academic Advising Assistant Director, Academic Support Services Assistant Director, Accounting Assistant Director, Administrative Services Assistant Director, Admissions Assistant Director, Analytic Services Assistant Director, Business Services Assistant Director, Career Services Assistant Director, Child Development Assistant Director, Clinical Research Assistant Director, Communications Assistant Director, Conferences Assistant Director, Data Management Assistant Director, Education or Training Programs Assistant Director, Emergency Management Assistant Director, Environmental Health & Safety Assistant Director, Facilities Operations Assistant Director, Finance Assistant Director, Florida Agricultural Experiment Station Assistant Director, Health Care Administration Assistant Director, Human Resources Assistant Director, Marketing Assistant Director, Multipurpose Facility Assistant Director, Museum Operations Assistant Director, Operations Assistant Director, Physical Security Assistant Director, Procurement Assistant Director, Public/Governmental Relations Assistant Director, Real Estate Assistant Director, Research Administration Assistant Director, Safety & Security Assistant Director, Student Affairs Assistant Director, Student Financial Aid Assistant Director, Technology Licensing Assistant Director, University Budgets Assistant Director, University Housing Assistant Director, University Housing Operations Assistant Director, University Housing Residence Life Assistant Director, University Press Assistant University Registrar Associate Dean, Administrative Affairs Associate Dean, Student Affairs Associate Director, Academic Advising Associate Director, Academic Support Services Associate Director, Accounting Associate Director, Administrative Services Associate Director, Admissions Associate Director, Analytic Services Associate Director, Business Services Associate Director, Career Services Associate Director, Child Development Associate Director, Clinical Research Associate Director, Communications Associate Director, Data Management Associate Director, Education or Training Programs Associate Director, Environmental Health & Safety Associate Director, Facilities Operations Associate Director, Finance Associate Director, Health Care Administration Associate Director, Human Resources Associate Director, IT Associate Director, Marketing Associate Director, Museum Operations Associate Director, Operations Associate Director, Procurement Associate Director, Public/Governmental Relations Associate Director, Research Administration Associate Director, Safety & Security Associate Director, Student Affairs Associate Director, Student Financial Aid Associate Director, Student Legal Services Associate Director, Technology Licensing Associate Director, University Housing Associate Director, University Housing Operations Associate Director, University Housing Residence Life Associate Director, University Press Associate University Registrar Chief Information Security Officer Controller Director, Academic Advising Director, Academic Support Services Director, Accounting Director, Administrative Services Director, Admissions Director, Analytic Services Director, Audits Director, Business Services Director, Campus Human Resources Director, Campus IT Director, Career Services Director, Child Development Director, Clinical Research Director, Collaborative Initiatives Director, Communications Director, Education or Training Programs Director, Environmental Health & Safety Director, Facilities Operations Director, Finance Director, Health Care Administration Director, Human Resources Director, Investigations Director, IT Director, Marketing Director, Multipurpose Facility Director, Museum Operations Director, Operations Director, Procurement Director, Public Records Director, Public/Governmental Relations Director, Real Estate Director, Research Administration Director, Safety & Security Director, Sales & Marketing Director, Student Affairs Director, Student Financial Aid Director, Student Legal Services Director, Sustainability Director, University Budgets Director, University Housing Director, University Housing Operations Director, University Housing Residence Life Director, University Press Director, Utilities/Energy Thermal Production Executive Director Financial Officer, SIP Manager, Academic Support Services Manager, Accounting Manager, Assets Manager, Benefits Manager, Box Office Manager, Clinical Research Manager, Employee Relations Manager, Farm Manager, Finance Manager, Genetic Counseling Manager, Health Care Administration Manager, Health Information Manager, Hotel Manager, Human Resources Manager, Human Resources Processing & Records Manager, Immigration Services Manager, Internal Audits Manager, IT Manager, Marine Facilities & Operations Manager, Operations Manager, Postal Services Manager, Procurement Manager, Public/Governmental Relations Manager, Transportation Manager, University Records Manager, Warehouse/Stores Senior Director, Facilities Operations Senior Director, IT Senior Director, Student Affairs Superintendent, Custodial Superintendent, Grounds Superintendent, Maintenance University Architect University Registrar