Financial Acumen

Maintains and applies a broad understanding of financial management principles to ensure decisions are fiscally sound and responsible.

Key Behaviors:

  • Demonstrates broad understanding of financial management principles to direct organizational actions
  • Sets organizational priorities by aligning organizational finances with NIH strategic goals
  • Uses cost-benefit thinking to set priorities
  • Identifies cost effective approaches
  • Prepares, justifies and/or administers the budget for the program area
  • Monitors the overall performance of the organization and adjusts allocation of finances based on progress against goals
  • Fosters an environment that encourages fiscal responsibility

Developmental opportunities for this competency are available from the NIH Training Center.