Policy Advice Division

Forecasting Competency Model  Financial Analyst – General Competencies D ESCRIPTION S ELF M ANAGEMENT   Copes effectively with work related demands and consequent stress Manages own work load effectively to meet external time constraints Presents cogent views in meetings Gives effective presentations within the Division Writes clear precise forecasts, costings, reports, memos, requiring only final review by manager C OMMUNICATION S KILLS - ORAL - WRITTEN    I NTERPERSONAL    Is honest and respectful with others Displays positive assertiveness and self confidence Builds and maintains comprehensive external and internal partnerships Works effectively as team member Contributes to teamwork Contributes to group forecasting discussions Shares information and resources openly Displays a willingness to assist others Presents arguments which persuade others Uses informal network to diffuse potential conflicts T EAM SKILLS      N EGOTIATION AND C ONFLICT R ESOLUTION P ROBLEM S OLVING     Recognises and resolves problems Implements strategies to avoid and minimise problems Applies key quality concepts to work C USTOMER O RIENTATION  24/06/2009 FORECASTING/COMPETENCIES/1 Forecasting Competency Model  Financial Analyst – Contextual Competencies D ESCRIPTION I NLAND REVENUE AWARENESS  Knows the roles and responsibilities of IRD Forecasting, Crown Revenue and Strategic Finance, and understands how own work fits into this  Understands how IRD Forecasting interacts with PAD Policy Units and Treasury Budget Management Branch  G OVERNMENT / P ARLIAMENT AWARENESS C OMMERCIAL AWARENESS T REATY OF W AITANGI U NDERSTANDING / B ICULTURAL AWARENESS EEO AWARENESS Understands the machinery of Government (Parliament, Cabinet, the Public Service) and the Budget process  Understands the constitutional conventions  Understands how the private sector operates   Understands and applies partnership principles Understands the policy issues and concerns of Maori communities  Understands and takes into account issues and concerns of the key target groups (Women, Maori, Pacific Islanders & other Ethnic Minorities, People with disabilities) 24/06/2009 FORECASTING/COMPETENCIES/2 Forecasting Competency Model  Financial Analyst – Technical Competencies DESCRIPTION The work undertaken by individual staff will dictate which competencies will be required E CONOMIC ANALYSIS    Understands and uses the major principles and concepts of economics Develops empirical and theoretical arguments Comprehends and appraises issues accurately F INANCIAL AND ACCOUNTING ANALYSIS  Able to analyse forecasting and costing issues from both accrual and cash accounting perspectives  Able to identify which of IRD’s accounting systems and databases are likely to provide information for the analysis of tax and social proposals  Able to interpret financial statements  Able to access and analyse a range of FIRST systems data with ease   L EGAL ANALYSIS Able to interpret tax legislation Knows and understands the tax legislation and case law relevant to areas of forecasting responsibility C OMPUTER P ROGRAMMING F ORECASTING  Able to write complex programmes in SAS, and other languages as needed  Understands and is able to apply a variety of independent forecasting methods in areas of responsibility  Knows and applies information from all key sources of data relevant to the areas of forecasting responsibility  Produces forecasts which meet all timeliness and quality requirements  T AX AND SOCIAL P OLICY C OSTING Understands how economic, fiscal, accounting and legal analyses combine in tax policy and practice  Understands the implications of area of work on other areas of tax and social policy and practice  Understands and applies PAD code of practice concerning requests for Party Political Costings    P OLICY D EVELOPMENT Knows and applies the GTPP Relates policy issues to economic and fiscal analysis Recognises the political reality of proposals 24/06/2009 FORECASTING/COMPETENCIES/3 Forecasting Competency Model  Senior Financial Analyst – General Competencies D ESCRIPTION S ELF M ANAGEMENT    Prioritises own workload Displays positive reaction to change Manages own career development Effectively leads meetings Competently represents Inland Revenue at external meetings Effectively presents to external groups of specialists C OMMUNICATION S KILLS - ORAL    I NTERPERSONAL    Mentors more junior staff Maintains internal and external networks Is willing and able to take the initiative to help others Conducts effective meetings Interacts with other professionals at an effective personal and technical level An ability to find common ground and build rapport Anticipates problems and implements effective strategies to avoid them Makes timely decisions Seeks out feedback about customer relationships Understands and applies quality principles T EAM SKILLS    P ROBLEM S OLVING   C USTOMER O RIENTATION   24/06/2009 FORECASTING/COMPETENCIES/4 Forecasting Competency Model  Senior Financial Analyst – Contextual Competencies D ESCRIPTION G OVERNMENT AND P ARLIAMENT AWARENESS Has thorough understanding of the Government’s requirements in relation to tax forecasts and tax and social policy costings  Has thorough understanding of the Minister’s requirements in reporting on tax revenue forecasts and outturns  Has thorough understanding of constitutional processes and practices  Has thorough understanding of IRD obligations to the Government and Parliament   C OMMERCIAL AWARENESS Has thorough knowledge of the issues and concerns of the private sect 24/06/2009 FORECASTING/COMPETENCIES/5 Forecasting Competency Model  Senior Financial Analyst – Technical Competencies DESCRIPTION The work undertaken by individual staff will determine which competencies will be required and to what extent these will need to be demonstrated in practice E CONOMIC ANALYSIS     Has comprehensive knowledge at either macro or micro levels Has a thorough understanding of a number of sub specialties Knows major theoretical and empirical arguments Formulates both empirical and theoretical arguments F INANCIAL AND ACCOUNTING ANALYSIS  Has comprehensive knowledge of the principles and concepts of Financial and Accounting analysis  Able to analyse complex tax issues from a both theoretical and practical accounting perspective  Has thorough understanding of IRD’s accounting and information systems used in forecasting and reporting tax receipts and revenues  L EGAL ANALYSIS Has comprehensive knowledge of the principles and concepts of tax legislation and case law and ability to apply it to relevant area of work  Understands legal trends in interpreting taxation policy  C OMPUTER P ROGRAMMING Able to develop and apply suites of linked programmes in SAS, and in other languages as needed  Able to combine information from multiple databases and to solve complex programming problems  F ORECASTING Understands and is able to select and apply the most effective forecasting methodologies for a range of taxes and social policy expenditures  Ensures that forecasts are consistent with economic and revenue trends, and is able to explain deviations  T AX AND S OCIAL P OLICY C OSTING Has thorough understanding of how economic, fiscal, accounting and legal analyses combine in tax and social policy development and practice  Has thorough understanding of the implications of area of work on other areas of tax policy and practice  P OLICY D EVELOPMENT Ensures that all relevant information is considered in revenue analyses of tax and social policies and strategies  Ensures the GTTP is applied correctly   P ROJECT M ANAGEMENT Manages tasks and delivers agreed outcomes Assists in maintaining quality control and deadlines of the project 24/06/2009 FORECASTING/COMPETENCIES/6 Forecasting Competency Model  Principal Financial Analyst – Management Competencies DESCRIPTION Relevance depends upon personal role L EADERSHIP     Is able to influence staff to do the right task with the right priorities Demonstrates strong sense of what is right or wrong Applies the appropriate leadership style Has thorough understanding of the concepts and theories of managing in the public sector Encourages a team environment in keeping with PAD values Finds common ground and builds rapport Fosters and appreciates the contribution of others Open to ideas and concerns of others Considers all the implications of new proposals and tailors advice accordingly Encourages and facilitates team problem solving and creativity Communicates the essence of a problem quickly and clearly Involves others in decisions which affect them and their work Communicates openly and honestly Delegates effectively Able to assess staff skills and development needs Uses effective feedback models Identifies and manages performance problems Monitors staff performance Develops staff on the job T EAM                C ONSULTATION C OACHING AND C OUNSELLING 24/06/2009 FORECASTING/COMPETENCIES/7 Forecasting Competency Model  Principal Financial Analyst – Management Competencies continued DESCRIPTION Relevance depends upon personal role P ROBLEM I DENTIFICATION AND ANALYSIS P LANNING AND O RGANISING R ELATIONSHIP M ANAGEMENT   Has thorough understanding of problem solving frameworks Displays creativity and innovation      Utilises financial resources efficiently within budget constraints Delivers agreed business unit objectives Provides open channels of communication Able to handle adversarial role Actively seeks and maintains positive relationship with internal and external customers S TRATEGIC V ISION AND T HINKING C USTOMER F OCUS ACHIEVEMENT F OCUS   Capable of maintaining the big picture Has thorough understanding of the strategic direction of IRD and its key relationships with other departments  Has a thorough understanding of the strategic direction of PAD      Aims to exceed customer expectations Leads quality initiatives Able to perform reliably and consistently under pressure Delivers high standard of performance Demonstrates confidence and flair 24/06/2009 FORECASTING/COMPETENCIES/8 Forecasting Competency Model  Principal Financial Analyst – Technical Competencies DESCRIPTION T ECHNICAL E XPERTISE P ROJECT L EADERSHIP S KILLS  Specialist expertise in a field of value to the Policy Advice Division    Provides technical guidance, support and direction Identifies and specifies project parameters Organises required resources 24/06/2009 FORECASTING/COMPETENCIES/9