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FINANCIAL
POLICY
FUNCTION
DESCRIPTION
The
purpose of this function is to develop, interpret, and
implement financial policies and practices.
Typical
activities include:
Financial
Policy Development
- Identify
need for policy/practice in order to satisfy the requirements
of the Financial Administration Act and establish specific
internal control requirements, while optimizing business
processes.
- Research
corporate government policy/practices, legislative and
regulatory requirements.
- Develop
and write the policy/practices.
Financial
Policy Advice/Interpretation
- Interpret
department or government policy and provide advice to
clients and stakeholders concerning the applicability.
Implementation
- Provide
presentations/training to department staff concerning
new or existing policy.
- Disseminate
the policy/practices throughout department (update manuals
or provide electronically).
POSITIONS
| Senior
Manager |
Heads
up a large branch. |
| Manager |
Heads
up a smaller branch or unit. |
Finance
Level
1 - 4 |
Interprets
and develops complex policies/practices, may provide
supervision and guidance to more junior staff; interprets
and develops basic policies/practices. |
Budget
Officer
1 - 3 |
Interprets
and develops basic policies/practices. |
CLIENTS/STAKEHOLDERS
Internal
Stakeholders:
- Department
Program (Line) - Administrative Staff through Managers
- Deputy
Minister
- Executive
Committee Members
External
Stakeholders:
- Vendors
- may require explanation of government payment policy
or interest payment policy.
EXPERTISE
REQUIRED
- Extensive
understanding of government legislation, regulations,
accounting policies/practices, generally accepted accounting
principles, Public Sector Accounting Recommendations,
and internal controls.
- Strong
research, analytical and written communication skills.
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