Category: Strategy and architecture

Subcategory: Financial and value management

Financial management - FMIT

Managing the effective use and control of financial resources to support business strategies, compliance and risk mitigation.

Levels:

Level 4:
Description: Monitors and maintains financial records to ensure compliance and audit requirements are met. Provides general support in financial planning and budgeting by compiling and reporting on financial data. Supports decision-making by collating and summarising financial information at a high level. Collaborates with business units to gather financial data and understand operational needs.

Level 5:
Description: Provides general advice and guidance on financial planning, budgeting and accounting using recognised practices and standards. Develops high-level financial plans and forecasts to guide organisational strategies and plans. Monitors expenditure to ensure alignment with budgetary goals. Contributes to financial control frameworks and supports strategic decision-making by summarising expenditure trends and variances.

Level 6:
Description: Develops organisational policies, standards and guidelines for financial management to support strategic business goals. Promotes financial governance and drives adherence to financial policies and standards. Collaborates with senior leaders and business unit heads to ensure financial strategies support overall business objectives. Oversees the setting and management of financial budgets and targets at a strategic level. Leads high-level reviews of financial performance and implements improvements to align budget usage with organisational priorities.