Career map for budgeting, financial analysis and reporting

• Analyzes and develops forecasts and recommends options to maximize resource utilization
• Develops and calendarizes the annual budget in accordance with Ministry and Treasury Board requirements
• Assesses changes in spending patterns and priorities and recommends budget reallocations
• Monitors operations for adherence to financial policies and assess the effectiveness of internal controls
• Ensures changes to Chart of Accounts, paylists, project codes, linkages etc. are incorporated and recommends changes to structure
• Develops standard reports

• Analyzes and develops forecasts and recommends options to maximize resource utilization
• Develops, calendarizes and consolidates multiple program submissions in accordance with Ministry and Treasury board requirements
• Recommends budget reallocations, and adjustments to achieve a balance between often competing needs of various business areas
• Analyzes proposed changes to programs to quantify financial impacts and recommend solutions
• Monitors operations for adherence to financial policies and assess the effectiveness of internal controls

• Consolidates information required for budget development
• Develops budget briefing materials for executive including Treasury Board presentation materials
• Plans and conducts activities within critical deadlines and communicates budget instructions, policies and procedures
• Identifies variances from planned expenditures and resource utilization and provides explanations to facilitate timely decisions and corrective action
• Provides advice and training to managers and staff on budgeting, financial analysis and reporting
• Advises senior decision makers on financial policies and assess the effectiveness of internal controls

• Develops financial control policies, procedures, and systems
• Works with clients in design and maintenance of Charts of Accounts, ensuring alignment to programs and activities
• Manages a timetable of critical deadlines and a budget preparation accountability framework
• Oversees production and distribution of executive financial reports and briefing materials
• Represents the Ministry on corporate financial projects
• Advises other financial analysts in Ministry on best practices and problem resolution
• Provides financial advice throughout the development of Treasury Board Submissions
• Typically supervises staff or leads project teams

Financial analysis for large and financially complex organizational area.

Incorporates knowledge of business with financial expertise to advise senior decision makers.

To: more senior levels in general finance and administration roles, budgeting, accounting or program administration

From: clerical positions in financial services or general office management areas (career map: office administration (DOC))

From: direct entry from educational institutions

To: more senior levels in general finance and administration roles, budgeting, accounting or program administration

From: direct entry from educational institutions

To: manager – finance and administration roles, more senior roles in budgeting, analysis and reporting or accounting

From: supervisor of finance and administration roles

To: corporate financial policy roles, manager – finance and administration roles, management roles in budgeting or accounting

From: supervisor of finance and administration roles

Secondary school graduation, plus one of the education and experience combinations, listed below:

• No formal accounting education PLUS 4 years directly related experience
• Completion of 3 to 4 post-secondary accounting or finance courses PLUS 2 years directly related experience
• Level 1 of the Financial Management Certificate Program PLUS 1 year directly related experience
• Diploma in finance, economics, business administration PLUS 1 year directly related experience

Secondary school graduation, plus one of the education and experience combinations, listed below.

• Preferred: actively enrolled in an accounting designation program
• Completion of 3 to 4 post-secondary accounting or finance courses PLUS 4 years directly related experience
• Level 1 or 2 of the Financial Management Certificate Program PLUS 2 years directly related experience
• Level 3 of the Financial Management Certificate Program PLUS 1 year directly related experience
• Diploma in finance, economics, business administration PLUS 2 years directly related experience
• Degree in finance, economics or business administration PLUS 1 year directly related experience
• Completion of post-secondary accounting or finance courses equivalent to level 2 of a recognized professional accounting program (CA,CGA,CMA) PLUS 2 years directly related experience

Secondary school graduation, plus one of the education and experience combinations, listed below.

• Preferred: actively enrolled in an accounting designation program
• Level 1 or 2 of the Financial Management Certificate Program PLUS 4 years directly related experience
• Level 3 of the Financial Management Certificate Program PLUS 3 years directly related experience Diploma in finance, economics, business administration PLUS 4 years directly related experience
• Degree in finance, economics or business administration PLUS 3 years directly related experience
• Completion of post-secondary accounting or finance courses equivalent to level 2 of a recognized professional accounting program (CA,CGA,CMA) PLUS 4 years directly related experience
• Completion of a recognized professional accounting program (CA, CGA, CMA) PLUS 3 years related experience

Secondary school graduation, plus one of the education and experience combinations, listed below:

• Preferred: actively enrolled in an accounting designation program
• Level 3 of the Financial Management Certificate Program PLUS 5 years related experience
• Degree in finance, economics, business administration PLUS 5 years directly related experience
• Completion of a recognized professional accounting program (CA, CGA, CMA) PLUS 5 years related experience

• Experience coordinating the assembly of financial data for budget preparation
• Experience developing and analyzing financial reports, spreadsheets and working documents
• Experience using computerized financial systems
• Experience using a variety of standard computer applications and software including the Microsoft Office Suite (Word, Excel, PowerPoint, Access, Outlook)
• Prefer experience and/or training in contract administration

• Experience in financial analysis, including budget development, monitoring and reporting through the full budget cycle
• Experience conducting financial forecasts, analysis and reconciliation to support budget evaluation processes for business areas
• Experience analyzing financial and accounting reports and recommending budget reallocations
• Experience explaining financial information to managers
• Experience using computerized financial systems including using query and reporting tools
• Experience using a variety of standard computer applications and software including the Microsoft Office Suite (Word, Excel, PowerPoint, Access, Outlook) and Oracle
• Prefer experience and/or training in contract administration

• Experience in supporting the budget process for a large organization with multiple business lines.
• Experience in analyzing accounts to identify irregularities and variances and to determine their cause and implications to recommend budget reallocations
• Experience in researching, compiling and analysing complex information and conducting financial forecasting in support of budget planning, development and review
• Experience interpreting and applying financial legislation and International Financial Reporting Standards
• Experience communicating complex financial information orally and in writing to staff and senior management, including making formal presentations
• Experience using computerized financial systems including query and reporting tools
• Experience using a variety of computer applications and software including the Microsoft Office Suite (Word, Excel, PowerPoint, Access, Outlook), Oracle
• Experience leading projects
• Experience providing training, work direction and advice to financial staff

• Experience in supporting the budget process for a large organization with multiple business lines
• Experience in researching, compiling and analysing complex information and conducting financial forecasting in support of budget planning, development and review
• Experience interpreting, advising on and applying financial legislation and International Financial Reporting Standards
• Experience communicating complex financial information to senior management, including making formal presentations and developing briefing materials
• Experience using computerized financial systems including query and reporting tools
• Experience using a variety of computer applications and software including the Microsoft Office Suite (Word, Excel, PowerPoint, Access, Outlook), Oracle
• Experience leading project teams
• Experience supervising staff

• Basic principles and practices associated with sound financial administration
• Working knowledge: reconciliation of general ledger accounts, Chart of Accounts, budgeting and accounting policies, procedures and practices, financial systems and procedures.
• Working knowledge of financial controls and expenditure management
• Working knowledge of contract management

• Basic knowledge of the International Financial Reporting System.
• Knowledge of the capitalization of asset policies and procedures
• Knowledge of Chart of Accounts, accounting principles, standards and financial controls
• Knowledge of computerized financial management and expenditure systems
• Knowledge of operating and capital budget development, forecasting, monitoring and reporting
• Knowledge of expenditure and commitment control processes
• Working knowledge of contract management

• Working knowledge of the International Financial Reporting System
• Knowledge of the capitalization of asset policies and procedures
• Knowledge of Chart of Accounts, accounting principles, standards and financial controls
• Knowledge of computerized financial management and expenditure systems
• Knowledge of operating and capital budget development, forecasting, monitoring and reporting
• Knowledge of expenditure and commitment control processes
• Working knowledge of contract management
• Working knowledge of project management techniques and tools

• Comprehensive knowledge of the International Financial Reporting System
• Comprehensive knowledge of financial principles, standards and controls.
• Knowledge of computerized financial management and expenditure systems
• Excellent knowledge of operating and capital budget development, forecasting, monitoring and reporting
• Knowledge of standard project management techniques and tools

• Ability to interpret policies and regulations
• Ability to compile and evaluate financial information
• Ability to analyze and reconcile accounts
• Ability to identify and report upon trends and variances
• Ability to communicate financial information effectively, both orally and in writing
• Strong organizational skills, including the ability to prioritize and meet deadlines
• Accuracy and attention to detail
• Proficiency with standard office applications
• Proficiency with Excel, including ability to create financial formulas

• Ability to interpret policies, regulations and complex financial information
• Ability to gather, compile, evaluate and summarize financial data in order to make recommendations
• Ability to analyze and reconcile accounts to determine irregularities and their cause
• Ability to communicate complex financial information orally and in writing to management
• Ability to identify trends and changes in spending patterns, determine their implications for operations and recommend budget reallocations
• Ability to work effectively with other staff on projects
• Ability to organize work to meet competing deadlines and changing priorities
• Proficiency with standard office applications
• Proficiency with Excel including the ability to create basic financial formulas

• Ability to interpret policies, regulations and complex financial information
• Ability to present financial information to senior management
• Ability to identify trends and changes in spending patterns, determine their implications for operations and determine courses of action
• Ability to build an understanding of the business objectives of the organization in order to provide effective management support and advice
• Ability to lead staff on project teams
• Ability to organize and delegate work to meet competing deadlines and changing priorities
• Proficiency with standard office applications
• Proficiency in Excel, including the ability to create advanced financial formulas, graphs and pivot tables

• Ability to provide specialist financial advice to financial staff across the organization
• Ability to develop costing models for new initiatives or major business changes
• Ability to develop policies, procedures and financial controls to ensure effective financial management
• Ability to represent the organization on cross organization projects or committees
• Ability to interpret policies, regulations and complex financial information
• Ability to present financial information to senior management
• Ability to identify trends and changes in spending patterns, determine their implications for operations and determine courses of action
• Ability to build an understanding of the business objectives of the organization in order to provide effective management support and advice
• Ability to lead staff on project teams
• Ability to organize and delegate work to meet competing deadlines and changing priorities
• Proficiency with standard office applications
• Proficiency in Excel, including the ability to create advanced financial formulas, graphs and pivot tables

• Teamwork and cooperation
• Problem solving and judgement
• Flexibility
• Initiative
• Concern for order

• Teamwork and cooperatio
• Problem solving and judgement
• Flexibility
• Initiative
• Concern for order

• Teamwork and cooperatio
• Problem solving and judgement
• Flexibility
• Initiative
• Concern for order

• Teamwork and cooperatio
• Problem solving and judgement
• Flexibility
• Initiative
• Concern for order

• Governance – level 100
• Budgeting – level 100

• Governance – level 100
• Budgeting – level 100/200

• Governance – level 200
• Planning and Decision Support – level 200
• Budgeting – level 200

• Governance – level 200
• Planning and Decision Support – level 300
• Budgeting – level 200

• Gov 101: Government Essentials
• Ethics for Everyone
• FM 121: BC Government Budgeting Fundamentals
• FM 201 Financial Management
• FMCP (Optional) – additional level 100 FM courses
• CFS application courses
• FM 111: BC Government Expense Authority Fundamentals

• Gov 101: Government Essentials
• Ethics for Everyone
• FM 121: BC Government Budgeting Fundamentals
• FM 201 Financial Management
• FMCP (Optional) – additional level 100 and 200 FM courses
• CFS application courses
• FM 111: BC Government Expense Authority Fundamentals

• Ethics for Everyone
• FM 201 Financial Management
• FM 210: Governance in Practice
• FM 220 Planning and Budgeting Applications
• Supervising in the BC Public Service
• Supervisor Essentials
• Meeting Online in Virtual Environment
• FMCP (Optional) – additional level 100, 200 and 300 FM courses
• FM 111: BC Government Expense Authority Fundamentals

• Promoting Ethics in the BC Public Service
• FM 310 Enhancing Organizational Governance
• FM 320 Guiding the Planning and Budgeting Process
• Supervising in the BC Public Service
• Supervisor Essentials
• Meeting Online in Virtual Environment
• FM 111: BC Government Expense Authority Fundamentals

• Develops budgetary control systems and procedures for the ministry
• Coordinates the preparation of annual budget plans and short-term financial forecasts.
• Analyses financial performance; develops options and prepares reports and recommendations for Executive
• Monitors monthly, quarterly, and annual forecasts, budget allocations and the control of expenditures throughout the year
• Provides strategic advice on the development of Treasury Board submissions
• Manages a team of financial analysts.

• Develops and executes the financial management strategies and financial service delivery framework for the organization
• Leads the financial operations according to financial principles, policies, legislation. regulations and ministry service plans and government strategic plans
• Establishes the financial structure, processes, controls, and reporting for the organization to ensure finances are managed according to relevant, legislation, policies, procedures and generally accepted accounting principles
• Directs and coordinates the planning and preparation of annual and long-term budgets for executive approval
• Directs and prepares financial analysis of operations for guidance and to build commitment with executives to establish the financial objectives that support the organizations’ business needs
• Directs and oversees the preparation and presentation of timely and accurate financial reports for both internal executive and central agency submission
• Leads a multi-disciplinary team (such as financial, budgeting, reporting) of directors and/or senior managers and translates the vision for the team to define clear business goals and objectives
• Collaborates with ministry program areas, Treasury Board Staff, the Office of the Comptroller General, and the Office of the Auditor General to identify and resolve emerging issues
• Exercise delegated authority and responsibility for the ministry’s system of financial management administration and is subject to the functional direction and guidance of the Comptroller General in matters related to the government's system of financial management and administration
• Prepares short and long-term business plans to direct operational changes that enhance efficiency, strengthen controls, reduce costs and achieve business outcomes
• Builds and fosters partnerships with a diverse range of senior leaders (such as minister, deputy minister, ministry executive members, partner/peer CFO’s) to ensure the financial and organizational goals are achieved

• Manages the budgeting functions for the ministry
• Compensation targets differ according to the size of the organization

• Accountable for the financial services for a ministry
• Compensation targets differ according to the size of the organization

To: chief financial officer; corporate financial governance

From: manager, finance and administration roles

To: executive leadership

From: budget manager, manager financial services

BENCHMARK (BM) Job Profiles

• BM 202 Budget Manager BAND 2 (PDF)
• BM 309 Regional Director Capital Planning BAND 3 (PDF)
• BM 316 Tax Audit Manager BAND 3 (PDF)
• BM 401 Director Financial Operations BAND 4 (PDF)

• Chief Financial Officer Benchmark (BM) 500 (PDF)
• Chief Financial Officer (DOC)

• Preferred: actively enrolled in an accounting designation program

• Professional accounting designation CPA/CA, CGA, CMA, issued by a Canadian Accounting Association (note: if your designation was obtained from outside of Canada, you will need to confirm it has been assessed for equivalency through an applicable Canadian Accounting Association)
• Considerable experience in progressively more challenging leadership roles directing a wide range of activities including 2 or more of infrastructure change; business systems and controls; or policy; or budgeting; or accountancy; or performance management; or corporate risk; and/or legislative compliance Establishing collaborative relationships with executives, senior financial leaders and senior managers associated with managing financial activities and/or leading financial management change
• Leading and coaching multi-disciplinary financial teams

• Progressively responsible experience in budget development and financial analysis
• Experience in drafting and providing input for Treasury Board submissions
• Experience in the leadership and supervision of staff

• Experience establishing collaborative relationships with executives and senior financial leaders
• Experience leading financial management change for a complex public sector organization
• Experience leading and coaching multi-disciplinary, professional teams
• Experience in progressively challenging leadership roles directing a wide range of activities

• Advanced knowledge of the International Financial Reporting System
• Advanced knowledge of financial principles, standards and controls
• Excellent knowledge of operating and capital budget development, forecasting, monitoring and reporting

• Knowledge of financial management and control frameworks, accounting and practices
• Knowledge of strategic planning, procurement, risk management and negotiation strategies
• Knowledge of government priorities and operating environment including government’s decision-making process and central agencies

• Excellent communication, presentation/ facilitation skills
• Excellent analytical, judgement, persuasion and consensus building abilities
• Ability to develop and maintain productive relationships at various levels
• Ability to manage multiple priorities and produce results within aggressive deadlines
• Demonstrated leadership ability

• Leadership, change management and influence management skills
• Analytical and interpretive skills to deal with complex information, processes/systems, and projects
• Ability to solve and communicate complex issues, in both written and verbal formats
• Ability to build and foster effective and collaborative relationships with senior leaders
• Ability to mediate, negotiate, consult and manage issues to achieve financial objectives and business needs

• Business acumen
• Managing organizational resources
• Holding people accountable
• Leadership

• Promoting empowerment
• Vision and goal setting
• Creating and managing change
• Solving problems creatively
• Building strategic alliances
• Executive presence: review Core Competencies for Strategic Leaders (PDF, 402KB)

• Governance – level 300
• Budgeting – level 300
• Planning and decision support – level 300

• Governance – level 400
• Planning and decision support – level 400
• Budgeting – level 400
• Financial systems and controls – level 400
• Reporting – level 400

• FM 111 Expense Authority
• Promoting Ethics in the BC Public Service
• FM 310 Enhancing Organizational Governance
• FM 320 Guiding the Planning and Budgeting Process
• Managing in the BC Public Service
• Building a Respectful and Inclusive Workplace
• Present Your Best
• Leading Virtual Teams
• Meeting Online in a Virtual Environment
• Briefing Notes – Writing Good Briefing Notes (taped webinar of a live meeting)

• FM 111 Expense Authority
• Promoting Ethics in the BC Public Service
• Managing in the BC Public Service
• Coaching Approach to Conversations
• Fierce Conversations
• Presenting Your Best with Impact
• Meeting Online in a Virtual Environment
• Briefing Notes – Writing Good Briefing Notes (taped webinar of a live meeting)