Elements and Performance Criteria
- Evaluate and plan retail financials.
- Access and accurately interpret budgetary and financial plans of the business.
- Measure financial results, identifying patterns and trends, including variances from budget and financial plans.
- Identify factors that could improve financial performance and limit variances from budget and financial plan.
- Identify contingency actions to be adopted if financial circumstances change.
- Clarify and negotiate, with relevant personnel, changes required to the budget and financial plans.
- Monitor and control financials.
- Monitor financials regularly to accurately identify actual results against budget and financial plans.
- Identify trends and patterns including variances from budget and financial plans, and take prompt corrective action within work role where significant deviations occur.
- Review variable and semi-variable costs to highlight opportunities.
- Complete workplace documentation and other records of budget performance and expenditure, and report to relevant personnel.
- Recommend, and implement within work role, activities that improve business financial performance and limit variances from budget and financial plan.
- Positively impact the financials.
- Consult relevant internal personnel, including work team, on ways to increase productivity and reduce labour spend.
- Identify and document strategies to increase productivity and reduce labour spend.
- Promote the strategies adopted to improve productivity and financial profitability, including advising the work team on their roles in improving business financials.
- Monitor implementation of strategies, and support team to improve sales results.
- Identify changes to strategies to improve uptake and outcomes.
- Delegate responsibilities and accountabilities relevant to budget and financial achievement in accordance with organisational policies.