Upload
benjamin-spencer
View
217
Download
1
Embed Size (px)
Citation preview
Outline
External Environment and Expectations Career Model Financial Management Executive
Snapshot Thoughts on Leadership It’s about You
External Environment
Financial Management is changing President’s Management Agenda FMLOB BFELOB Business Process Reengineering FFMIA and A-123 Appendix A
Demands for Financial Information are Changing Performance Budgeting Business Intelligence Decision Support
Expectations
Transaction based skill sets replace by new Competencies
Workforce demographics adding pressure Rate of technology change affects
everyone What does a “Knowledge Worker” look
like?
OPM Competency Standards Accountants
The account functions vary by level, but may include the following:
Reviews, analyzes and presents financial data, including revenue projections and expenditure reports, to determine funding requirements.
Prepares financial statements, reports of operations, expenditure reports, statistical data, and other information concerning financial requirements; assists in gathering and reviewing data for preparation of budget work programs.
Maintains various ledgers, journals, registers and other fiscal records; allocates revenues to appropriate functions; classifies expenditures and posts to various accounts as required.
Reviews and processes expense vouchers, invoices, and other fiscal documents for payment; reconciles various financial reports and other data concerning fiscal operations.
Determines payroll requirements; maintains payroll data; prepares and processes monthly payrolls.
JFMIP Core Competencies
Accountant (510)
• 27 core competencies, aligned into 7 categories: -- General Accounting – GAAP -- Federal Accounting – Federal GAAP and Reporting;
appropriations law-- Basic Government Accounting/Operations – Mission,
functions, and organization of central and program agencies; agency
accounting policies; financial laws and regulations; audits and formal reviews; and management controls
-- Planning, Budgeting, and Accountability Business Practices – GPRA; budget process and A-11
JFMIP Core Competencies
Accountant (510), continued
-- General Management – basic techniques; performance measures and analysis; contracts and grants; business process
improvement -- Information Technology – basic concepts and personal
computer applications; federal financial management systems
-- General/Leadership Skills – written and oral communication; leadership skills
GS-5 SESTime / Roles
Te
chn
ical
Ma
na
gerialComplexity
Where are you?Where are you going?
Career Model
DOC Financial Management Executive Snapshot
Six questions survey to 24 DOC executives (20 responded)
How many years of Federal service? How many different career fields? Masters Degree? If so, what discipline? What job best prepared you for your current job? When you began your career, did you aspire to
be an executive in budget or finance?
The Results
Average service 23 years (shortest - 1, longest – 42)
8 did not have Masters (2 CPAs) 11 have at least 1 (three have 2) Most are in related fields but – Education,
MIS, International Relations, Systems Mgmt included
Career Fields of Executive Financial Managers
0
2
4
6
8
10
12
14
Budge
t
Accou
nting
Admini
strat
ion
Financia
l Man
agem
ent
Finance
Progr
am A
nalys
is
Auditin
g
Milit
ary
Offic
er
Info
rmat
ion
Techn
ology
Varie
d, 2
insta
nces
Varie
d, 1
insta
nce
Management AnalysisLocal GovernmentStrategic PlanningPolicy AnalystAcquisitionEconomistEngineer
Convention Center ManagerDevelopment & Marketing
Operations ResearchState GovernmentProgram Manager
Housing ReferralLegislative Staff
Cost AnalysisClerk TypistCollections
67%
33%
Aspiration and Preparation
55%45%
Did you aspire to an executive position in budgeting or financial management?
Yes, I did aspire to an executive position in the field
No, I did not aspire to an executive position
in the field
What job best prepared you for your current job?
A single job
A single job
All my jobs
All my jobs
Executive Aspiration and Career DiversityA
vera
ge N
umbe
r of
Car
eer
Fie
lds
(ran
ge o
f fie
lds
durin
g c
are
er:
1 –
8)
8 7 6 5 4 3 2 1
I did not aspire to an executive career in the field
I did aspire to an executive career in the field
3.5
5
Thoughts on Leadership
Leadership and Accountability are the Foundation of Good Financial Management
If You Don’t Do It, Who Will?
It’s About You
Think about your goals and objectives Understand your environment Have a flexible plan for your development Seek out leadership opportunities Take responsibility for your career
This presentation draws substantially from :
21st Century Federal Financial Managers: Are New Competencies Required?Research sponsored by Management Concepts, Inc.John D. Webster, CPA, CGFM, June 21, 2006
JFMIP Core Competencies
Mgmt. Analysts/Fin. Spec. (343/501)
• 18 core competencies, aligned into 4 categories: -- Basic Government Operations – Mission, functions, and
organization of central and program agencies; financial laws and regulations; appropriations law
-- Planning, Budgeting, and Accountability – GPRA, budget and accounting process; agency financial and budget systems; congressional appropriations process-- General Management – Basic techniques of financial
mgmt, economic analysis, internal controls, auditing, and program evaluation; contracts and grants; business process improvement
-- General – Oral and written communication; basic computer applications; stress and time mgmt.
JFMIP Core Competencies
Budget Analyst (560)
• 20 core competencies, aligned into 3 categories: -- Budget Concepts and Processes – Basic budget process
and A-11; appropriations law; congressional process -- Budget Presentation and Justification – Agency mission
and functions; laws and regulations; basic techniques of budget, financial and economic analysis
-- General – GPRA; mathematics and statistics; oral and written communication; information technology; stress and time management
Army Core Competencies
Multi-Disciplined Fin. Analyst (501)
• 17 core competencies, aligned into 3 categories: -- Financial Stewardship – Accounting; auditing; budgeting;
fiscal law; managerial fiscal responsibility; resource and program management
-- Financial Decision Support – Acquiring and contracting; business process and practices; cost and operations research analysis; information
technology management and application; management services; organizational performance measurement; project management
-- Leadership and Organizational Mgmt. – HR mgmt.; interpersonal skills; leadership and mgmt.development; strategic vision