Financial Acumen

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

Key Behaviors
  • Identifies cost effective approaches.
  • 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.
  • 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.

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