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Managing Expenses And Finances

Knowledge of and ability to use the functions, tools and processes needed to manage financial assets and liabilities throughout the organization.

Behavior Statements

Proficiency Level 1 - Basic understanding

Describes the basic concepts behind the financial resource management process.

Names major responsibilities of the financial management staff.

Uses the basic tools necessary for managing expenses, budgets and investments.

Lists key financial management reports and their use.

Proficiency Level 2 - Working experience

Works with at least one of the organization's expense management processes.

Examines the role of various expense management guidelines within the organization.

Utilizes one or more cash management tools and methods.

Explains basic financial management reports.

Analyzes the varying approaches to expense and budget management.

Proficiency Level 3 - Extensive experience

Oversees an organization's expense management processes and units.

Anticipates the relative positive and negative impact of each and every aspect of financial management.

Utilizes a number of diverse expense management tools and methods.

Designs, prepares, summarizes and presents expense management reports.

Evaluates differing expense management alternatives and makes recommendations.

Facilitates proper documentation and compliance with established standards and regulations.

Proficiency Level 4 - Subject matter depth and breadth

Consults on the full spectrum of expense management processes.

Advises organizational leaders on approaches to financing large-scale expenses.

Champions the use of new and innovative expense management tools and methods.

Designs and implements reports that monitor various components of expense management.

Creates expense management processes and alternatives used throughout the industry.

Leads organization-wide money management initiatives with positive bottom line impact.

Interview Questions

  • Tell me how your financial management activities saved your organization money.
  • How did you select the best measure from multiple cost-benefit measures?
  • What factors did you consider when developing your organization's cash management strategy?
  • Tell me about your experience managing an organization's finances.
  • Tell me about your past experience in preparing and presenting expense management reports.

Titles with Shared Competencies