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Roles and Opportunities as an FI in the Financial Management Advisor
Presentation to the FMI Professional Development Session
By: Lionel Lobo, CGA
February 27th, 2014
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Purpose / Key Considerations
Overview of my Roles Financial responsibilities Stakeholders involved Communication Skills People Skills Challenges Opportunities Questions
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Overview of my Roles
Financial Advisor to the Information Science and Technology Branch (ISTB) at the CBSA.• ISTB has a budget of over $350M, many projects, and 1,400 FTEs• Support three out of eight directorates• Manage FIs • Analyze the financial status of the directorates on a monthly basis• Lead on the Financial Status Report for the Vice President • Review Dashboards on projects / initiatives• Report to Corporate Finance
Financial Responsibilities
Analyze budgets, forecasts, and plans Use various financial systems, i.e. SAP Provide financial input into the Memoranda to Cabinet,
Treasury Board Submissions, and costing templates Integrated Business Plans Business cases, and pressure reports ARLU, Capital Year Plans, etc…
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Stakeholders involved with a FMA
VP Director Generals Directors Managers Administrative Staff Finance Colleagues
• Other FMAs• Internal Reporting• TB Submissions• Financial Systems• Policies
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Communication Skills
Who is your audience? Finance is a language Listen carefully to your clients Problems – followed by solutions, and recommendations Speak confidently Be careful of what you say and write Get right to the important matters when dealing with the
senior executives
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People Skills
Let the clients know that you are there to help them Be approachable Encourage staff to engage face to face with the clients Give hands on training, and be patient Build a trust in the relationship with the clients
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Challenges
Financial Management roles are expanding Understand the clients business Two bosses - clients and manager Be accountable for your actions, and follow through on
commitments Short deadlines Delegate work Managing the staff and their work you are responsible for Be a mentor to your employees, continuous learning i.e.
CGA/CMA, language, etc… Values and ethics – serving with integrity and respect
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Opportunities
Clients must be satisfied with the service they are provided by with a FMA
Build trust in your relationship with the clients Engagement - opportunities to work on changes in the finance
community, brainstorm with colleagues Thinking things through - think outside the box, and share
your ideas to make improvements Excellence – delivering results through your own work,
relationships, and responsibilities
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Questions?
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