Financial management
Financial management involves planning, organising and monitoring financial resources.
Levels
- 1. Awareness
You can:
- understand the financial impact of the work you do and how cost and budgets are created
- 2. Working
You can:
- balance cost versus value
- consider the impact of user needs
- report on financial delivery
- monitor cost and budget
- understand how and when to escalate issues
- 3. Practitioner
You can:
- negotiate, influence or set budgets in complex environments
- write or input into business cases and can communicate business-value propositions
- 4. Expert
You can:
- influence or create complex budgets across an organisation, programme or product view
- manage the budget you are given and make it work
Contains public sector information from the UK Government Digital and Data Profession Capability Framework (https://understand-digital-data-roles-skills.service.gov.uk/), licensed under the Open Government Licence v3.0. © Crown copyright.
Closest ESCO skills
Contains ESCO v1.2.1 data (https://esco.ec.europa.eu/). © European Union. Reuse authorised under Commission Decision 2011/833/EU.
Role levels that expect this skill
| Role level | Role | Band | Expected level |
|---|---|---|---|
| Associate delivery manager | Delivery manager | 5 | Awareness |
| Delivery manager | Delivery manager | 7 | Working |
| Senior delivery manager | Delivery manager | 8a | Practitioner |
| Head of delivery management | Delivery manager | 8c | Practitioner |
| Trainee financial accountant | Financial accountant | 5 | Awareness |
| Financial accountant | Financial accountant | 6 | Working |
| Senior financial accountant | Financial accountant | 7 | Practitioner |
| Financial accounting manager | Financial accountant | 8a | Practitioner |
| Head of financial accounts | Financial accountant | 8b | Expert |
| Financial controller | Head of finance | 8c | Expert |
| Deputy director of finance | Head of finance | 8d | Expert |
| Director of finance | Head of finance | 9 | Expert |
| Director of procurement and commercial | Head of procurement | 9 | Expert |
| Trainee management accountant | Management accountant | 5 | Awareness |
| Management accountant | Management accountant | 6 | Working |
| Programme delivery manager | Programme delivery manager | 8b | Expert |
| Senior programme delivery manager | Programme delivery manager | 8c | Expert |
| Project manager | Project manager | 6 | Working |
| Senior project manager | Project manager | 7 | Practitioner |
| Lead project manager | Project manager | 8a | Practitioner |
| Head of project management | Project manager | 8b | Practitioner |