Proficiency Level 1
Explains concepts of P&L, budgets, capital vs. operating expenses, expense tracking, etc.
Articulates the value proposition for one or more of the organization’s products or services.
Demonstrates prudence in the use of company property and resources.
Describes how the organization makes money and the values in doing so.
Proficiency Level 2
Adheres to organization’s business practices.
Assists in budget creation and tracking, expense reporting, other routine business processes.
Explains company’s business model and financial goals.
Alerts supervisor to financial problems that may arise promptly.
Assists in cost justifying or preparing ROI analyses for relatively simple business initiatives.
Proficiency Level 3
Questions the validity of the business drivers for the organization and own unit.
Prepares cost justification or ROI analysis for major business initiatives.
Develops buy vs. lease vs. build scenarios where appropriate.
Ensures upper management is informed of actual/potential financial problems in timely manner.
Create and manage budgets while dealing promptly with variances and other budget issues.
Seeks out and cuts business waste (needless or excessive expenditures).
Proficiency Level 4
Subject Matter Expert
Plays an active role in organization’s decisions on management of business assets.
Establishes a climate that values a business approach, avoids waste, and actualization of results.
Champions the prompt, timely reporting of unwelcome financial news and risk.
Advocates importance of cost containment and rigorous financial management across the organization.
Consults with executives on needs and opportunities for improving financial management.
Monitors financial world for best practices and emerging ideas related to financial management.