Category: Results

Competency: Working with Financial Information

Competency Definition: The ability to interpret financial data, manage financial approvals, and ensure compliance to support informed decisions and promote transparency.

Abbreviation in Louisiana Jobs: WFI - 26


Working with Financial Information

Competency Behaviors: Specific, observable actions demonstrating the competency

Forming


Struggles to demonstrate the competency; needs guidance and practice.
  • Struggles to understand how financial data informs business decisions
  • Struggles to interpret financial statements and make informed decisions based on financial data
  • Struggles to apply relevant laws, rules, or policies to ensure financial compliance
  • Struggles to prepare accurate financial statements; lacks attention to transparency and stakeholder needs
  • Struggles to follow financial approval processes; may cause delays or compliance risks

Improving


Shows growth and increasing confidence but not yet consistently independent

Successful


Demonstrates the competency independently and reliably in routine situations
  • Understands how financial data informs business decisions
  • Interprets financial statements to make and support informed decision-making
  • Applies financial policies, rules, and regulations correctly to ensure compliance with established procedures
  • Prepares accurate financial statements that promote transparency and meet stakeholder needs
  • Verifies that financial approvals align with applicable policies, controls, and regulatory requirements

Exceeds


Applies the competency independently in challenging or high-impact situations, adding value or insight

Exceptional


Demonstrates subject-matter expertise, serves as a role model, and elevates standards.
  • Identifies and addresses potential areas of financial risk before they impact operations
  • Interprets complex financial statements, forecasts financial outcomes, and makes informed decisions based on financial
  • Interprets and applies overlapping or nuanced financial requirements to ensure compliance and reduce risk
  • Uses financial reporting to anticipate stakeholder questions, surface key insights, and inform strategic decisions
  • Ensures financial approvals support budget goals, align with compliance standards, and reflect strategic priorities