By Clearleft

Support and manage the financial health of the business.

Level 1

(Beginner) Can demonstrate a theoretical understanding of budgets and financial reporting.

    Level 2

    (Novice) Is learning the practice of how to effectively track and provide feedback on project finances, with support and guidance from colleagues.

      Level 3

      (Intermediate) Can create budgets, monitor spend, manage invoicing & payments, and produce updates on the financial status of projects.

      • Checks status of client payments in the accounting system.

      • Sets up invoices in the accounting system.

      • Reports on project spend, including projected delivery dates and/or burndown.

      • Monitors spend throughout the project.

      • Creates and maintains a budget report from project initiation.

      Level 4

      (Expert) Is adept at continuously monitoring, reporting on, and improving the financial impact of projects and teams with senior stakeholders.

      • Suggests, co-ordinates and executes on financial improvements to processes.

      Level 5

      (Master) Optimises the financial success of the organisation's business model, leading performance improvements that measurably enhance efficiency, productivity and profitability.

      • Communicates both the company’s expected and actual financial performance.

      • Translates the operational metrics into measures for financial performance, using tools such as the balanced scorecard.

      • Establishes, maintains and updates accounting policies and procedures.

      • Oversees the budget process, including collecting the inputs, and comparing the company’s actual performance against estimates in the budget.

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