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Financial-Legal Core Competencies

Financial-Legal Core Competencies Core Attribute: The mid-level manager has skills to run and manage a highly functioning department. Domain Behaviors that Demonstrate Competency Financial Skills • Maximizes available resources and finances by gathering budget-related information, managing resources, and monitoring revenues and expenses. Standards and Regulations • Implements federal, state and local standards and regulations for long-term services and supports. • Educates staff about processes that are dictated by standards and regulations. • Institutes proactive strategies to meet and exceed standards. • Ensures that ongoing compliance standards are met. 3 This guide refers to all recipients of long-term services and supports as “individuals.” Mid-Level Manager Competency Development Guide 15 Checklists Financial Skills Maximizes available resources and finances by gathering budget-related information, managing resources, and monitoring revenue and expenses.  Gathers budget-related information and/or creates budgets to meet department objectives. Justifies budget requests to the organization’s leaders.  Develops and manages expenses and revenues that meet departmental or organizational objectives and financial parameters. Uses financial metrics to drive and track the organization’s success. Manages budget variances, makes revisions and takes corrective actions.  Delegates and holds staff accountable for efficient use of resources.  Manages the procurement process—including purchasing and requests for proposals and quotes—with vendors, where applicable. Back to Financial-Legal Core Competen